Warren’s brilliant idea: If kids had no student loans, they would ‘have a lot more money’

Red Alert Politics ^ | 4/10/2015 | Editorial Staff

[sten]

a lot more?

the average student debt is about $30,000. paid over 10 years, that’s less then $300/mon.... or $75/week.

that’s really not a lot.

[tbw2]

Warren has been showing up with Suze Orman at student debt forums advocating for altering the bankruptcy code to make student loan bankruptable, as it was in the early 1980s.

[tbw2]

At what point does community service become indentured servitude?

[Bob434]

[[Warren’s brilliant idea: If kids had no student loans, they would ‘have a lot more money’ ]]

and other people would have a lot less money because THEY would have to pay off these kid’s educations- money doesn’t just pop up out of the ground riding a rainbow Mrs Fauxcahontis- someone MUST pay the bill- I know this is a basic financial concept that you can’t seem to comprehend, but it is economics 101- look it up- do yourself a favor and git yerself a little bit of edumacation before you go on national TV and make yerself look dumb....Wooops, too late

[Vendome]

Sure they would. At my expense

[HotHunt]

Student loan interest rates increased dramatically after 2010 when Obama nationalized the student loan program. Now there is no competition.

Then Obama made vague references to forgiving student loan repayments if they were not paid off after ten years or something similar. What would you do if you knew the government was going to pass a magic wand over your debt and forgive it eventually. I wouldn't pay either.

The biggest problem I see with student loans (I never had any loans, worked three part-time jobs and paid cash for my university schooling) is these kids run up $50-100,000 in student loan debt to get a degree in Women's Gender Bias or Black Oppression in Society type degrees which they can't even use to get a job with, let alone a good paying job in order to pay the exorbitant debt back with.

No wonder they want an increase in minimum wage at McDonald's, where most of these idiots end up having to work at.

[DiogenesLamp]

I look around and see the same thing with various jobs....most could be done with someone who had a two-year degree, or just one year of college. Why would you waste four years of your life and $60,000 on some degree that relates in no fashion to the job market?

Certainly. But beyond that, I don't see why the knowledge obtained by spending $60,000 should cost so much. I have been lauding Texas' $10,000.00 degree program since I first heard of it.

With modern Technology, we don't really need all those expensive liberal professors anymore. I think the nation would be better served to replace most of them with machines.

Knowledge should be free. People should be able to get credit for learning on their own if they have the ability to do so.