Posted on 08/15/2016 4:14:31 PM PDT by Lorianne
Edited on 08/15/2016 4:28:30 PM PDT by Jim Robinson. [history]
A prominent college president offers some bold advice to the next U.S. president.
Hillary Clinton is to win this November, she needs to motivate the electorate to come out to vote for something more than a justified aversion to Donald Trump.
Particularly for younger voters and voters with families, she has to capture their imaginations with a bold, simple, and common sense proposal to address one of the most critical financial and social problems currently facing a generation: the student loan crisis. And she needs to do so in a way that can do the most immediate good for the nation at large.
First, all outstanding student loan debt should be forgiven. Second, a new loan program should be created that is tied to incentives for college graduates to choose careers in public service and which indexes repayment to income
Do I get a credit for the student loan I paid off?
a few facts about this trillion dollar mess. the average student loan is 26,600 and the interest rate is less than 7% on average. Another large portion of this mess is held by graduate students (lawyers and doctors). AS soon as hillary buys their votes with forgiveness, the tuition rates will increase only because the universities know that the govt will pay them off in the future. Student will no ZERO skin in the game, sounds like a winner.
That sounds like a great incentive for the drunks who major in nonsense or don’t bother studying to spend even more time loafing through college. No, thank you. Those are my tax dollars that Time is giving away, and I value that money even if liberals do not.
If you don’t want a crippling debt, don’t major in something that doesn’t lead to a job. If you want an income that allows you to support yourself,and pay your dents, work hard in that useful major. I have no sympathy for those college graduates whose McDonald’s paycheck is not enough to pay back the seven years of tuition and expenses that they borrowed so they could find themselves in a Gender Studies program.
I worked VERY hard in college. I knew exactly what job I would start with and more or less how I would move on from there. It’s wasn’t luck. I didn’t win life’s lottery. I did build that. Those who are too delicate and inept to produce need to grow up, but this proposal would protect them once more from the natural consequences of their choice to be foolish.
Instead of “forgiving” them and sticking the taxpayers with the bill for yet another boondoggle, why not work with Congress to make student loan debt dischargeable in bankruptcy and place the burden on leftist degree mills that choose to offer worthless courses of study? All the nonsense “-studies” puff programs would disappear quickly.
Those services and salaries are not the driving force of tuition and account only for a small part of it. A market driven university system will be much more efficient and relevant to the real world. Without the ubiquitous government loans the funds for frivolity and propaganda will dry up. Many more young folks who do not belong in a four year college won’t be. College is operated as a Welfare system for the Left and the banks.
Truthfully, when Trump becomes POTUS, he needs to establish strict ground rules about what student loans can be used for.
For high value degrees, such as nursing, education, STEM, etc., loans can be up to 80% the cost of the degree. For less valuable degrees, loans should only cover from 40% to 60% of the cost of the degree.
For CRAP majors, like ethnic and gender study, exercise science, creative writing, radio & television & film production & journalism, etc., etc., etc. NOTHING, ZILCH, NADA. If students want these degrees, they can pay for them themselves.
Not only should government loans be forbidden them, but states should be encouraged to forbid commercial loans for them as well.
“salaries are not the driving force”
I beg to differ. Salaries are huge percentages of budgets.
Yup. No subsidies and getting rid of the insane notion that student debt doesn’t apply for bankruptcy would fix it all.
Then, wipe out all debt and put a gold standard currency in place.
I’m ready for my Nobel prize.
The next President should have Time magazine and anybody else who thinks the student loans should be “forgiven” have all their assets seized and liquified and spent toward reducing the student loan...until people shut the hell up about telling everybody else what we should be forced to collectively fund. It was all the misguided efforts to make college more affordable that made college so insanely expensive in the first place. I am sick of Leftwing blow hards forcing us to pay for a mess they create and then forcing us to pay for them to clean it up. They should be stupid with their own money, not everyone else’s!
Then give me back the THOUSANDS I repaid, years early with interest!!!
I’m mixed morally on this. The whole loan program was done in a very cynical way, encouraging the worst of academia rather than the best of it. In a way, the students of America got sold a bill of goods with the nod and wink of official governmental America. Making this right somehow might not be the worst thing in the world.
But again it would need to be accompanied by a confession — and ya KNOW that Hillary is never going to confess this.
If people think this through, a (Trump induced) roaring economy generating hundreds of thousands of good paying jobs - and sound money, is far preferable to an endless depression (Hillary induced)with no student loan debt.
And there’s more dignity to the person who digs themselves out of debt on their own than the slacker who gets it forgiven.
Can it be done retroactively so I can be paid back for mine. No matter that I spent 10 years paying them back from 1981-1991, I should be reimbursed too!
See that part about trivial departments. If you are a professor of Unicorn Studies, well then, a free market won’t support you and I would hope you have some skill that you could use to make an honest living.
Student loan debt is over one TRILLION. No forgiveness. These loans have to stop until people start paying.
I don’t think so. I paid for my own college and my kids’ college. Not a dime owed upon graduation. Why should I also be on the hook for everyone else’s tuition?
Yep. Spot on. And I don’t see any push back on the issue from Democrats. Hillary will come out for free college and student debt forgiveness ........bet the farm on it.
NO NO NO .... Student loans is just “welfare” for colleges. They use the money the students give them to build new buildings then “up” their rates. The students are the DUPES or the “carriers” of the money. The colleges get richer, the student pays the price. And these damned students SHOULD pay the price for their stupidity. (I had a college loan, I paid it off in full, no whining, or crying ... with PRIDE!!!)
I couldn’t get through what you posted.
So on one hand, Hillary should forgive all outstanding loan debt. On the other hand, she should also start a NEW loan program, so students can go to the college and work for the governemnt...and what, pay off NEW student loan debt?
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