Skip to comments.WATCH: Ron Paul Wants To Kill Costly Federal Student Loan Program (VIDEO)
Posted on 10/23/2011 7:06:25 PM PDT by alexmai
His point is actually correct, a large part of the reason many schools way over-charge for tuition is that they know student will be lent them money and the students will often spend 50-60K a year (or more) on tuition as opposed to finding the best deal for their money because the figure i can just borrow it not taking into account the crippling effects of being in your mid-twenties with 300K or so in debt. getting of the student loan program (for but the truly neediest cases,, and even then limiting it to no more than 15K a year) would force the schools that are over-charging to ennact more competitive pricing structure which would be both good for the taxpayers and the students.
(Excerpt) Read more at investmentwatchblog.com ...
Stuff like this makes me glad I never went to college.
Actually a big part of it is too many people going to college when they really shouldn’t have.
College should be for the best and brightest as well as those suited to it. I certainly wasn’t suited for it and I’m damn proud if being blue collar.
It might also influence business to take over the training of many occupations.
You’ve posted a total of ten threads since joining FR in July, yet you haven’t posted a single reply.
Just so you know, that’s considered extremely bad form around here, and makes you suspicious in the eyes of many forum regulars.
bubble, bubble, bubble — it’s the student loan education bubble, funded and hyperinflated by our great society government.
Just so you know, thats considered extremely bad form around here, and makes you suspicious in the eyes of many forum regulars.
See, here, old boy. It's like chilling old claret or beating someone else's wife. It's just not done in the best circles.
The great society of LBJ was the death knell of the black community.
The student loan bubble will be the death knell of height education for a loooonnnnng time.
Years from now, marrying someone with NO student loan debt, will be part of being a winner.
Yeah I took a gander at the born on date myself.
Ron Paul is right —there’s a huge bubble in education cuz the brainless consumers have access to oodles of capital with NO WAY at all to liquidate that debt when the music stops and as PhD Basket Weavers they cannot find work.
It’s the academic equivalent of Mexican berry pickers buying million dollar homes.
Profs bash private biz as opportunistic slave-drivers taking advantage of kids, while that is EXACTLY what they themselves are doing.
More —if the kids hesitate to go round the self-intro circle “Hi I’m Mike, and I’m GAY” then their grade suffers —again no recourse. If you don’t answer an essay with the proper ideology then you’re downgraded and if you let out a peep then YOU are the unreasonable one.
Why don’t we bail out bank robbers?
That’s exactly what a lot of this “student loan” mess is.
They’re robbing the bank now and are unhappy that they’ve got this debt following them. Boo, boo, who.
Try being a fly on the wall and listen to some of these “students” discussing their techniques for getting the tuition money and how many days they have to attend class before they can drop out and keep most of the $$$. They’ve figured out early on how to get money without working. We are raising an entitlement minded bunch of bums... we’re not stealing from our grandchildren — they’re stealing from themselves.
Ron Paul is right about most things, not all but most things. He’s right about the inflated and artifical cost of education.
I worked my way through college, babysitting, cleaning homes, mowing lawns, jobs on campus, etc. One loan, 200.00 when I went one semester part time, they wanted payment in full.
Looks like a Paulbot that doesn’t want to play.
I don't like Ron Paul's views on drugs and his views on Iran, but I can put those aside for his views on the FED and out-of-control Gov't and spending. Solving these are critical, and besides Bachmann, Ron Paul is the only one willing to step up with serious plans.
If we are bankrupt nation torn apart from within, then it won't matter at all what Iran is doing...
Wait until the other shoe drops and Paul reveals the REST of his plan.....to just GIVE everyone a college scholarship.
The more students can borrow, the more colleges can rake in the dough.
And all this excess cash flowing into colleges has fueled a kind of academic arms race: schools flush with cash vying with each other to contruct the most lavish facilities and hire the most prestigious professors.
What does paying a sports coach a million dollars a year have to do with a kid getting a good education???
If it puts lib “profs” in hotels cleaning toilets ( the only thing they are qualified for), I’ll vote for him yen times.
IPAD goof. That’s “ten,” of course.
“Years from now, marrying someone with NO student loan debt, will be part of being a winner.”
Uhhh...I’ve read that this is true RIGHT NOW.
You know, it’s hard to believe that I never even bothered asking serious girlfriends or future wives about their financial condition - I knew that they worked, and that they seemed reasonably responsible. That seemed good enough at the time.
Good for you! I also worked my way through as a co-op student plus I cleaned offices, moved furniture and pumped gas. I did not actually know that you could borrow money for college until years later after I graduated. I relied solely on whatever they told me at the Financial Aid office on campus. The student loans I was granted by "financial aid" were a total of $1500 and I paid them off many years ago.
Paul loves to hear himself talk.
Can any one point to any success the 12 term congressman has had in any area?
Well, as someone who is going to college, and have taken out loans to help pay for it, let me just say the .Gov will get every single penny back..no ifs ands or buts about it.
What does amaze me is the 7% interest rates on the loans, when the prime rate is what..3%?
Do agree with Paul about tuition being a racket, because it is, however ending the loan program is not the best way to solve it imo.
Yes.....wouldn't want our betters to sully themselves by actually engaging in discourse with us, now would we?
Born in July, but still won't talk to us little people. How rude...
That's what I'm thinking...
WOW, well, my daughter is only 18 and hasn’t even started thinking about marriage, yet.
Didn’t take as long as I thought for the student loan slavery meme to hit the dating scene!!!
Nobody would need such huge loans if tuition in this country hadn't risen 234% on average in the last 20 years.
1992— tuition and fees at my school: $20,000 2011 - $52,000!
There is NO economic reason for tuitions to rise at a 10-12% pace in the universities, but for TENURE, and insane union contracts.
As long as they can get government to foot the bill, they have NO incentive, whatsoever, to try and reign in costs.
And I am VERY familiar with how state-run universities operate, and it would make a federal wonk green with envy.
I hear you.
Occupy the Quad!
So.....where did you matriculate?
My daughter is a rather recent PharmD who is still paying off her student loans. However, $52,000 per year? Not even close...
Starts with an S ends with E... Just beat West Virginia yesterday!
PLEASE...it’s late. Don’t make me look it up.
OH! Okie dokie...thank you.
Tuition surely is high in the NE.
We’re on the left coast, and her tuition, even in PharmD school, wasn’t nearly that high.
That’s tuition,room & board and all those wonderful, pointless “fees”.
The “fees” will kill ya’! No doubt about that. However, it’s still high compared to my daughter’s experience.
BTW, I was fortunate enough to see Syracuse in the championship game of the Final Four at the Meadowlands in, IIRC, ‘96. Boeheim is/was a great coach. Is he still there?
Yes, still there! But Syracuse is supposedly moving from the Big East to the ACC and he doesn’t really like the idea, so I’m thinking a few more years and he retires.
1996- loss :(
2003— he finally got his championship!
My husband used to say Syracuse cost a lot so B- students could feel like they went to a good school. If the check cleared.
And he went there too!
I used to get so mad at him— I worked hard in school and he just went with the flow!
I worked 6 different locations regularly worked on campus part time. Gas was $10.00 a week, and yes things cost less I saved 3 years before to pay for this as well. During the Carter administration too. I was much younger then and had little difficulty finding work.
Today, I have been unemployed for almost 2 years. Laid off from the Boy Scouts of America, I also fractured my spine 7 months ago. Times are worse today.
ACC? That’s as stupid as the PAC 12!
The ACC is a tough b’ball conference. If I were him, I’d make the move, and retire on the spot.
I remember 2003. What a great time for Syracuse!
You worked hard, and that is to your credit. However, I don’t think that your husband going to Syracuse is to his detriment.
He may have had it a tad easier, but you have the life experience that no one can take away from you.
That’s one thing that is missing from college these days...life experience. Too many have taken out student loans...government loans...and have nothing to show for it. Their degrees are useless but, mostly, they haven’t had the experience of working their way through college.
They DO have the experience of being handed a credit card to do what they will with, and rack up huge amounts of debt.
That’s what concerns me so much at this time.
Yes, I have nieces that fell for the “get your credit card here” game during their first days of school and yes, girls, you do have to pay them back!
From my vantage point as a professor at a community college I can attest that 85% of our students should not be in college.
They don’t participate in classes, they don’t attend and they parachute into classes to take tests. Then at the end of the semester they want to know what they can do to improve their grades. I have a 33% pass rate and administration wants me to raise this to 50%. One colleague has a 25% pass rate. I’m not privy to other faculty data, but I’d say anecdotally that few faculty pass more than 50%.
Administration wants us to reach a 50% or better pass rate and the Governor of Georgia wants a higher proportion of students to graduate. No way, no how!