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 ...
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?