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Keyword: studentloans

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  • Make Colleges Back Up Their Student Loans

    05/02/2016 8:48:35 AM PDT · by reaganaut1 · 56 replies
    National Review ^ | May 2, 2016 | PAUL KUPIEC & RYAN NABIL
    ... The key to controlling costs and student-debt burdens is to require colleges themselves to have ďskin in the gameĒ so they have strong incentives not only to provide a good education, but also to safeguard the financial solvency of their graduates. Colleges should be required to offer all students the first tranche of their funding. The funding could be an ISA or a student loan, but in either case, the studentís future payments on these obligations must be subordinate to all outside student-loan obligations. In other words, federal student loans must be paid before loans or ISA reimbursements are...
  • More Than 40% of Americans Not Making Student Loan Payments

    04/20/2016 3:09:01 PM PDT · by SeekAndFind · 42 replies
    Investopedia ^ | 04/15/2016 | By Shoshanna Delventhal
    Total U.S. student debt now topples credit card debt, surpassing the $1 trillion threshold in 2012. Each year a new class of students graduates from college; however, many of those graduates do not find jobs that can adequately allow them to pay back the hefty loans. (For related reading, see: Student Debt Passes $1 Trillion: Is College Worth the Investment?) A new report by the Education Department highlights the student debt epidemic. Not only is more than $200 billion in student debt owed to the federal government, several borrowers are woefully behind on making payments. The recent statement from the...
  • Can Our Colleges be Saved?

    03/10/2016 6:11:48 AM PST · by Kaslin · 18 replies
    Townhall.com ^ | March 10, 2016 | Victor Davis Hanson
    The public is steadily losing confidence in undergraduate education, given that we hear constantly about how poorly educated are today's graduates and how few well-paying jobs await them. The cost of college is a national scandal. Collective student loan debt in America is about $1.2 trillion. Campus political correctness is now daily news. How could higher education be held accountable and thereby be reformed? Just as expensive new roofs are not supposed to leak, $100,000 educations should not leave students unprepared for the real world upon graduation. Rain and snow calibrate the effectiveness of a roofer's work, but how does...
  • New Orleans rapper Dee-1 pays off student loans, sings about it in viral video

    03/06/2016 12:07:53 PM PST · by BBell · 9 replies
    NOLA.com | The Times-Picayune ^ | 2/18/16 | Chelsea Brasted, NOLA.com | The Times-Picayune
    Few rappers likely know Louisiana's education system as well as Dee-1. The New Orleans-raised rapper, whose real name is David Augustine, used to teach middle school in Baton Rouge. Then, in 2015 he signed a major label record contract with RCA's Inspiration imprint and went on tour around the country. Still, New Orleans is home and with many questions about the future of TOPS and higher education on the table during the special legislative session at the Capitol, Dee-1 used his music to draw attention to one of his concerns: student loans. In a new music video posted to Facebook...
  • 27% of the Federal Government's Assets Are Student Loans ($881 billion)

    02/29/2016 10:41:46 AM PST · by reaganaut1 · 15 replies
    Weekly Standard ^ | February 29, 2016 | Jim Swift
    "Congratulations" the Wall Street Journal wrote in late 2009. "You're about to own $100 billion a year in student loans." They weren't kidding. As part of Obamacare, Congress passed the Student Aid and Fiscal Responsibility Act or SAFRA, a revenue positive pay-for that made Obamacare's budget impact less costly. The Journal called it a "takeover of the student-loan market." Fast forward six years to a report recently issued by Bureau of the Fiscal Service, a division of the Department of the Treasury. The Fiscal Service issues the Financial Report of the United States Government, and what they report for 2015...
  • US Marshals arresting people for WHAT?

    02/20/2016 2:31:47 PM PST · by TBP · 98 replies
    Conservative Byte ^ | FEBRUARY 16, 2016
    Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans. Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987. He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan.
  • A Truly Indebted Nation

    02/20/2016 1:41:32 PM PST · by Kaslin · 13 replies
    Townhall.com ^ | February 20, 2016 | Arthur Schaper
    If all politics is local, then local problems can illustrate the national conscience and need for principled consensus.Thursday morning, and a colleague in shock informed our work group that Houston, Texas police officers were arresting 1,200 people for delinquent student loan payments. Today, 40‚ÄĒ40!‚ÄĒmillion Americans are still paying for that college education which should have paid for itself after years of study and a good job that followed.That Houston drama is red meat for the liberal media, to seduce readers to vote for another liberal candidate promising free everything. Another point: debtor's prison is unconstitutional.Here's the full story.Yes, Paul Aker...
  • US Marshals arresting people for not paying their federal student loans

    02/16/2016 7:43:54 AM PST · by TigerClaws · 96 replies
    HOUSTON (FOX 26) - Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans. Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987. He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan. Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans. Green...
  • Thousands Apply to U.S. to Forgive Their Student Loans, Saying Schools Defrauded Them

    01/20/2016 5:55:02 AM PST · by doldrumsforgop · 24 replies
    wsj ^ | 1/20/16 | j mitchell
    Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career‚ÄĒpart of a growing protest against years of surging college costs. In the past six months, more than 7,500 borrowers owing $164 million have applied to have their student debt expunged under an obscure federal law that had been applied only in three instances before last year. The law forgives debt for borrowers who prove their schools used illegal tactics to recruit them, such as by lying about their graduates‚Äô earnings. The U.S. Education...
  • Our sons' $189,000 student debt is delaying our retirement

    12/02/2015 8:00:49 AM PST · by Responsibility2nd · 132 replies
    CNN ^ | 11/30/2015 | Matt Egan
    For the past 20 years Susanne Walsh has been dreaming of a retirement where she'd travel the world. Unfortunately, those retirement plans are now on hold -- indefinitely. That's because Susanne and her husband Bill helped pay for their two sons' college education and even cosigned on some of their student loans. Despite graduating with four-year degrees, neither of them have found stable jobs. Now Bill and Susanne are shouldering the brunt of roughly $189,000 in combined student loans. "I really didn't think I'd still be working at this age," Susanne, 59, told CNNMoney. The couple is currently paying $744...
  • UK teen spent student loan to join ISIS

    11/21/2015 7:26:23 AM PST · by Lera · 9 replies
    Arutz Sheva ^ | 11/20/2015 | Arutz Sheva staff
    19-year-old Yahya Rashid alleges he wanted to join 'Islamic Utopia' but not fight; jailed for five years. A 19-year-old who spent his student loan traveling to the Turkey-Syria border and wanted to join the Islamic State (ISIS) group is behind bars in Britain, police said Thursday. Yahya Rashid paid £906 (1,300 euros, $1,400) for himself and four friends to travel to the Turkish border town of Gaziantep in February. He stayed in an ISIS safe house but shortly before he was due to cross into Syria, he changed his mind and returned to Istanbul. Rashid, aged 18 at the time,...
  • Neil Cavuto Asks Student Protestor How U.S. Will Pay for Socialist Wish List

    11/12/2015 4:03:41 PM PST · by Hojczyk · 42 replies
    The Washington Free Beacon ^ | November 12,2015 | Blake Seitz
    Fox Business host Neil Cavuto engaged a scholar in earnest Socratic dialogue Thursday. Keely Mullen is a national organizer for #MillionStudentMarch, a movement that demands ‚Äútuition-free public college, cancellation of all student debt, and a $15 minimum wage for all campus workers‚ÄĚ in response to the crisis caused by rapacious corporate education. ‚Äú#MillionStudentMarch is a movement for a more equitable and fair system of education as opposed to the really corporate model we have right now,‚ÄĚ Mullen said. Mullen is a graduate of the prestigious Francis W. Parker School and political science student at Northeastern University, according to her LinkedIn...
  • The 7 Keys To Trapping As Many Americans As Possible In Poverty

    11/03/2015 5:42:47 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | November 3, 2015 | John Hawkins
    Keeping Americans poor in a prosperous country like America is not as easy as you think. After all, this is the "land of opportunity." Legal immigrants pay tens of thousands of dollars and wait years for the opportunity to come legally and illegal immigrants often risk their lives just so they can get here and do menial work. This is the country that made Bill Gates, Steve Jobs and even OPRAH into billionaires and it's a nation where you can have everything from hoverboards to medicine for your pet delivered right to your door. So when there's so much wealth...
  • Millennial voters weigh in on í16 candidates

    10/12/2015 2:10:52 PM PDT · by 2ndDivisionVet · 22 replies
    WGNO-TV ^ | October 12, 2015 | Anthony Perrucci, CNN
    CNN asked millennial voters from a range of backgrounds to weigh in on whether, and how well, the 2016 presidential candidates are reflecting the priorities of their generation ó the largest and most diverse demographic cohort in American history ó as they make their case to voters. The opinions expressed are solely those of the authors. Elizabeth Elizalde, 22, is a New York-based journalist and a former CNN en EspaŮol intern. Follow her on Twitter @EElizalde5. Iím a 22-year-old Latina living in New York City, and as a recent college graduate, I know the struggle of making ends meet. My...
  • Brace Yourself: Our Latest Look at Student Debt

    09/26/2015 10:13:18 PM PDT · by entropy12 · 12 replies
    advisorperspectives ^ | 09-23-2015 | Doug Short
    College Tuition and Fees constitute one of the biggest threats to our economic outlook. Here is a chart of data from the relevant Consumer Price Index sub-component reaching back to 1978, the earliest year Uncle Sam provides a breakout for College Tuition and Fees. As an interesting sidebar, we've thrown in the increase in the cost of purchasing a new car as well as the more substantial increase for the broader category of medical care, both of which pale in comparison.
  • The Biggest Problem with Student Loans

    09/13/2015 6:37:19 PM PDT · by SeekAndFind · 32 replies
    National Review ^ | 09/13/2015 | Kevin Williamson
    As a purely economic matter, the principle of diminishing returns applies to education. Little Moonbeam almost certainly will be financially better off in life with her B.A. in womenís studies (the fact that one has an undergraduate degree matters more than what subject the degree is in), but the M.F.A. in creative writing on top of that probably will not pay comparable dividends, and the inevitable doctorate in social work is likely to prove a zero-return investment. Weíre talking purely financial concerns here: Of course an intellectually curious man who makes a fine living as a specialist welder would be...
  • Walker rejected bill to make student loan payments tax deductible, Hillary says [rated:FALSE]

    09/09/2015 11:03:14 AM PDT · by Cincinatus' Wife · 8 replies
    Politifact ^ | September 9, 2015 | Tom Kertscher
    Hillary Clintonís 2016 presidential campaign will make its first stop in the Badger State on Sept. 10, 2015. The visit, with a private fundraiser and a public event at the University of Wisconsin-Milwaukee, comes one month to the day after Clinton proposed a 10-year, $350 billion college affordability plan. That plan aims to reduce the cost of four-year public schools, make two-year community colleges tuition-free and cut student loan interest rates. Speaking about the plan the next day, Aug. 11, 2015, the Democratic frontrunner took a swipe at the Republican White House contenders and singled out Gov. Scott Walker. "I...
  • Student Loans Might Be Driving Up the Cost of College. So What Do We Do About It? (Might be??)

    09/09/2015 10:15:50 AM PDT · by Responsibility2nd · 40 replies
    Slate ^ | 09/08/2015 | Jordan Weissmann
    In 1987, President Reagan's secretary of education, Bill Bennett, published a now classic New York Times op-ed titled ‚ÄúOur Greedy Colleges‚ÄĚ in which he argued that the government's attempts to make higher education more accessible may have also accidentally made it more expensive. ‚ÄúIf anything,‚ÄĚ he wrote, ‚Äúincreases in financial aid in recent years have enabled colleges and universities blithely to raise their tuitions, confident that Federal loan subsidies would help cushion the increase.‚ÄĚ Ever since then, academics have sparred over whether the so-called Bennett hypothesis is really true. Do colleges actually take advantage of all those federal grants and...
  • Whatís Happening in China Is Happening Here [Our student loans are like their apartment blocks]

    08/13/2015 7:16:37 AM PDT · by SeekAndFind · 6 replies
    National Review ^ | 08/13/2015 | Kevin Williamson
    Student loans are Chinese apartment blocks are Jiang Jianqingís private jet. Jiang Jianqing is the boss at the Industrial and Commercial Bank of China (ICBC), which bought a few private jets a while back ó with your money. As the invaluable Timothy Carney explains, this was another in the Export-Import Bankís long line of shenanigans. ICBC, the largest bank in the world, set up a leasing company to buy the jets from Hawker Beechcraft, which was at the time owned by Goldman Sachs. The Export-Import Bank offered sweetheart financing to make the deal happen. As Carney summarized: ďThe U.S. taxpayer...
  • This Student Debt Relief Program Will Cost Taxpayers $39 Billion

    08/06/2015 2:19:29 PM PDT · by reaganaut1 · 14 replies
    Bloomberg | August 6, 2015 | Janet Lorin
    No excerpt allowed from Bloomberg, story here
  • 'Drive-By' Default: Lee Siegel's Poor Financial Advice

    06/15/2015 6:45:10 AM PDT · by DWW1990 · 5 replies
    American Thinker ^ | June 15, 2015 | Trevor Thomas
    Chalk this one up to yet another New York Times liberal who wants others to pay his bills. (Paul Krugman must be proud.) On the 71st anniversary of what some considered the most important day of the twentieth century, a day where thousands of men, for the sake of others, paid with all that they had, the opinion pages of the New York Times ran the ďbraveĒ piece, ďWhy I Defaulted on My Student Loans.Ē (I suppose the author will receive the Bruce Jenner award for courage.)
  • US will erase student debt for Corinthian students

    06/09/2015 1:35:33 AM PDT · by 2ndDivisionVet · 14 replies
    The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion. Corinthian Colleges was one of the largest for-profit schools when it nearly collapsed last year and became a symbol of fraud in the world of higher education and student loans....
  • A generation of Peter Pans

    05/16/2015 6:59:26 AM PDT · by rktman · 24 replies
    wnd.com ^ | 5/16/2015 | Patrice Lewis
    An interesting doom-and-gloom piece appeared on ZeroHedge this week entitled ďA Generational Storm is Coming.Ē Apparently written as a rather depressing commencement address for the graduating class of 2015, it discusses the current economic realities facing young people and tends to put a lot of blame on the older generation for screwing them over. OK, fine, whatever. But it did have a couple of interesting points regarding college students: ď[The student loan delinquency rate] will probably go much higher Ö as students take on more debt. Total outstanding student debt is expected to bubble up to $3.3 trillion by 2025....
  • A Generational Storm Is Coming

    05/13/2015 8:40:08 AM PDT · by all the best · 11 replies
    Bonner & Partners ^ | May 12, 2015 | Bill Bonner
    Yesterday, we began our high-minded graduation speech to the Class of 2015. We explained how the young graduates were not only the most heavily indebted in history, but also the least likely to be able to pay their debts. Median wages have been going down since these graduates were about five years oldÖ So have economic growth rates. Today, we continue the speech no one wants us to giveÖ You are heirs to claptrap, nonsense, bogus theories, and trillions of dollars in debt. The systems, programs, and institutions your parents set up are mostly worthless scams. Worse, they produce outcomes...
  • Debt-Free College? Democrats Learn the Wrong Lessons from Obamacare

    05/08/2015 1:25:37 PM PDT · by jfd1776 · 5 replies
    Illinois Review ^ | May 8, 2015 A.D. | John F. Di Leo
    Hillary Clinton, Marty OíMalley, Liz Warren, and other 2016 Democrat candidates for the presidency are apparently trying to differentiate themselves from the real-world economics of Republicans by returning to the tried-and-true method of promising to rob Peter to pay Paul, while giving the impression that YOU donít have to worry, because, dear voter, YOUíLL never be Peter. The latest method is in capitalizing on the headlines about crippling college debt by setting "debt free college" as their goal. Now, as far as that goes, itís a perfectly worthy goal. ďPay as you goĒ living has always been the responsible advice...
  • US Presidential candidate: Ted cruises to S.C.

    04/23/2015 9:27:26 AM PDT · by 2ndDivisionVet · 4 replies
    The Georgia Regents University Bellringer ^ | April 23, 2015 | Jessica Sager
    2016 presidential candidate Sen. Ted Cruz (R) spoke to a sold-out Newberry Hall during an Aiken Republican Club luncheon April 4. After the luncheon, The Bell Ringer interviewed Cruz about his views on education, including his wish to shut down the Department of Education. ďIt is because education is so important that it shouldnít be governed by unelected bureaucrats in Washington, that it should be instead at the state or local level,Ē Cruz said. ďAnd what weíve seen right now is the Department of Education has grown into a bloated bureaucracy where whatís happening is theyíre putting red tape, theyíre...
  • The Real Student Loan Crisis Is The One Obama Created

    04/17/2015 5:28:23 AM PDT · by afraidfortherepublic · 20 replies
    Investor's Business Daily ^ | 4-16-15 | Editorial
    rresponsibility: A new report finds that 27.3% of student loans are delinquent. Why does this matter? Because thanks to President Obama, about $1 trillion dollars of student loan debt is owed to the federal government. Obama keeps trying to portray the student loan crisis as a problem suffered by students burdened by a mountain of debt when they graduate, and who are unable to make enough money to pay it back. But that's not the real crisis. First, average student loan debt is only a little over $20,000. A student who gave up his $5-a-day Starbucks habit could pay off...
  • Are Student Loans the new Sub-Prime Bubble?

    04/17/2015 7:46:44 AM PDT · by SeekAndFind · 6 replies
    American Thinker ^ | 04/17/2015 | Chriss Street
    On April 15 Tax Day,¬†Americans paid about the same amount of income tax as total student loans outstanding. The St. Louis Federal Reserve on the same day published a report titled ‚ÄėStudent Loan Delinquency: A Big Problem Getting Worse?' The Fed has determined that of the $1.3 trillion in non-bankruptcy-dischargeable student loans, the delinquency rate for students in repayment is over 27 percent. With tuition at the University of California and other top schools growing faster than inflation, student loan defaults are skyrocketing. Prior published student loan reports have stated that the ‚Äú30+ days delinquency rate for all student...
  • Banks are bailing on the student loan business and it couldn't come at a worse time

    04/15/2015 12:22:31 PM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 04/15/2015 | Jonathan Marino
    Some of the world's biggest banks, including JP Morgan, Bank of America and US Bancorp, are withdrawing from the student loan market. That's according to a series of reports over the past couple years.It couldn't come at a worse time.That is because it coincides with a rise in students who want student loans.And, the amount of money those students want to borrow is also going up because the price of of a college education keeps rising.This chart tells the story: Federal Reserve Bank of New York -- Staff Reports April 2014 NY Federal Reserve report shows borrowers, and their average...
  • Rand Paul: College tuition should be a tax writeoff

    04/11/2015 1:14:11 PM PDT · by 2ndDivisionVet · 74 replies
    The Washington Post's Post Politics ^ | April 11, 2015 | Katie Zezima
    IOWA CITY, Iowa - Sen. Rand Paul called Friday for college tuition to be a tax writeoff in his first direct pitch to young voters of his presidential campaign. Paul used the power of the pocketbook, along with calls for electronic privacy and reforming the criminal justice system, to appeal to what he called the "Instagram generation," a constituency he sees as vital to his nascent presidential campaign. Paul blasted President Obama's plan for free community college, telling the crowd of a few hundred people, mostly students, that it won't work because someone has to pay for professors and facilities....
  • The Real Reason College Tuition Costs So Much

    04/06/2015 12:39:57 AM PDT · by iowamark · 56 replies
    New York Times ^ | APRIL 4, 2015 | Paul Campos
    ONCE upon a time in America, baby boomers paid for college with the money they made from their summer jobs. Then, over the course of the next few decades, public funding for higher education was slashed. These radical cuts forced universities to raise tuition year after year, which in turn forced the millennial generation to take on crushing educational debt loads, and everyone lived unhappily ever after... In fact, public investment in higher education in America is vastly larger today, in inflation-adjusted dollars, than it was during the supposed golden age of public funding in the 1960s. Such spending has...
  • A revolt is growing as more people refuse to pay back student loans

    04/02/2015 10:13:22 AM PDT · by SeekAndFind · 93 replies
    Washington Post ^ | 03/31/2015 | By Danielle Douglas-Gabriel
    Remember those 15 people who refused to repay their federal student loans? Their ďdebt strikeĒ has picked up 85 more disgruntled borrowers willing to jeopardize their financial future to pressure the government into forgiving their student loans. And the government is starting to listen. The Consumer Financial Protection Bureau has invited the group to Washington on Tuesday to discuss their demand for debt cancellation. Although the CFPB doesnít have the power to grant that request, the agencyís overture shows that the strike is being taken seriously. Itís been a month since 15 former students of the failing for-profit giant Corinthian...
  • College Debt Bubble Crisis: 33% Of All Student Loans Are Delinquent On Repayments

    03/31/2015 1:47:59 PM PDT · by SeekAndFind · 40 replies
    Market Daily News ^ | 03/31/2015 | Mac Slavo
    With all of that job creation being claimed by the Obama administration and disseminated by mainstream media outlets as signs of a sustained recovery you’d think most college graduates would have no trouble keeping up with their bills. But new data released by the Department of Education tell a different story. According to the report as many as 33% of American college grads with student loan debt are now in delinquent status on their repayments. About one-third of borrowers with federal student loans owned by the U.S. Department of Education are late on their payments, according to new federal data.The...
  • ďCoach is RightĒ Saturday Short Stories

    03/28/2015 9:07:50 AM PDT · by Oldpuppymax · 4 replies
    Coach is Right ^ | 3/28/15 | John C. Velisek USN (Ret.)
    1.) Eleanor Holmes Norton Doesnít Think We Have the Right to Know When Our President Is Selling Us Down the River Totalitarian Eleanor Holmes Norton, the non-voting House Delegate from D.C. believes the American people and their representatives in Congress havenít the right to know all that is going on in government. ďYou donít have a right to know everything in a separation-of-powers government,Ē claimed Norton. ďThat is the difference between a parliamentary government and a separation-of-powers government.Ē Nortonís statements were made in reference to subpoenas created by Congressman Darrell Issaís House Oversight and Government Reform Committee. According to Norton,...
  • Obama aims to clamp down on federal student loan servicers

    03/10/2015 12:21:29 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Mar 10, 2015 2:22 PM EDT | Josh Lederman
    President Barack Obama says college affordability isnít just important for students, but for the nation as well. Obama told thousands gathered at Georgia Tech Tuesday that he is trying to make it easier for them to pay back student loans. He is aiming to clamp down on the private companies that service federal student debt. He acknowledged the modest move isnít a ďsilver bullet.Ē But he says America needs the worldís most skilled and best educated workforce to compete in the global economy. Ö
  • MARK CUBAN: Forgiving $1 trillion in student debt is 'the worst thing we could do'

    03/10/2015 11:22:10 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 03/10/2015 | Peter Jacobs
    While the closing of Sweet Briar College last week caught many people in higher education by surprise, some saw it as an early sign of an inevitable college implosion. For years, entrepreneur and billionaire investor Mark Cuban has warned of a "student loan bubble" created by skyrocketing tuition and fueled by an endless supply of student loans. A radical solution to the student loan problem would be to forgive all student debt, as a viral essay by Robert Applebaum proposed six years ago. However, Cuban thinks massive student loan forgiveness would just make the bubble keep expanding. "Forgiving the debt...
  • What Do Conservatives Want For 2016? We Asked

    02/27/2015 1:17:47 PM PST · by 2ndDivisionVet · 7 replies
    National Public Radio ^ | February 27, 2015 | Amita Kelly
    Josh DiNatale (left) and Zachary Burns, St. Joseph's University students and members of their College Republicans chapter, get ready to pose for a photo with a cutout of Sen. Rand Paul at CPAC 2015. The Conservative Political Action Conference, held this week in Washington D.C., is prime time for 2016 Republican presidential hopefuls trying ó yes, already ó to win over a key part of their base. Former Gov. Jeb Bush, Sen. Ted Cruz, Ben Carson, Gov. Scott Walker and others paraded on and off the main stage, trying to fire up the crowd with their ideas for America's next,...
  • Democrats Using Dependency to Proselytize Young People

    02/16/2015 8:50:30 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 16, 2015 | Charlie Kirk
    The late science fiction writer and founder of the Scientology-belief system, L. Ron Hubbard, has been loosely quoted or paraphrased as having said ďIf you want to gain control over people and get rich, give them a religion.Ē Decadeís later public debate still rages over the ďreligiousnessĒ of Scientology, but no one can argue that it hasnít successfully gained control over a large number of people and generated incredible amounts of dollars along the way. If votes are a democracyís ďcigarette currencyĒ it would appear that ďprogressiveĒ politicians from FDR to Barack Obama have found a way to tap into...
  • Obama: My basketball game is 'broke'

    02/07/2015 12:15:19 AM PST · by Cincinatus' Wife · 31 replies
    The Hill ^ | February 6, 2015 | Ben Kamisar
    After six years in office, President Obama says his basketball skills went from "nothing but net" to nothing. "Iíll be honest with you: my game is a little broke, I've been a little busy," he told a crowd of students and faculty at Ivy Tech Community College in Indianapolis on Friday, where he touted his new plan to give students who meet certain academic standards two free years of community college. "The risk-reward ratio starts shifting. The chances of an Achilles tear or an ACL injury is increasing each month, and then the satisfaction that I get from playing diminishes...
  • Obama's student loan program is $22 billion in the hole, and college ain't any cheaper

    02/06/2015 3:39:02 AM PST · by IBD editorial writer · 25 replies
    Investor's Business Daily ^ | 02/05/2015 | IBD Staff
    Debt: Having spent years chastising bankers for making risky loans, President Obama is now responsible for a $22 billion shortfall in the student loan program. Guess itīs not risky to gamble with other peopleīs money.
  • HIGHER EDUCATION

    02/01/2015 8:30:11 AM PST · by Oldpuppymax · 2 replies
    Coach is Right ^ | 2/1/15 | Suzanne Eovaldi
    As federal dollars pour into higher education, tuitions rise, administrative bloat expands, and part-timers teach more and more class sections! Allen B. Westís national Center for Policy analysis is offering a very critical view of ďthe higher education bubbleĒ by researcher Farhad Mirzadeh. (1) ďThe result of infusing colleges with billions of dollars in additional funds will be to raise the cost of a college education even higher-just as student loans and federal grants have encouraged wasteful spending by colleges and universities across the country,Ē says Westís writer. A staggering ONE TRILLION DOLLARS in outstanding student loans equals more than...
  • What Do College Undergrads Spend Their Student Loans On: High-School Classes

    11/19/2014 7:55:12 AM PST · by SeekAndFind · 22 replies
    Zero Hedge ^ | 11/19/2014 | Tyler Durden
    Over the weekend we closed the chapter on the "mystery" of America's collapsing labor force and the record 90+ million Americans out of the labor force. As Pew reported, confirming what we had said all along, it has little to nothing to do with Boomers retiring - simply because under ZIRP they can't afford to retire - and everything to do with Millennials staying in school because they can't find the well-paying jobs they had expected, raking up $1.2 trillion (and exponentially rising) in government-funded student debt in the process. To wit: More and more Americans are outside the...
  • Obama Administration Announces Final Gainful Employment Rule

    10/30/2014 9:36:44 AM PDT · by Oldeconomybuyer · 12 replies
    The Huffington Post ^ | October 30, 2014 | By KIMBERLY HEFLING
    For-profit colleges with graduates unable to pay back their student loans could soon face scrutiny by the federal government. Schools with career-oriented programs that fail to comply with the new rule announced Thursday by the Obama administration stand to lose access to federal student-aid programs. To meet these "gainful employment" standards, a program will have to show that the estimated annual loan payment of a typical graduate does not exceed 20 percent of his or her discretionary income or 8 percent of total earnings. The Education Department estimates that about 1,400 programs serving 840,000 students won't pass. Ninety-nine percent of...
  • Grow Up, Millennials ó And Stop Taking Money From Mom And Dad

    10/28/2014 11:48:39 AM PDT · by 2ndDivisionVet · 22 replies
    WBUR-FM's Cognoscenti ^ | October 28, 2014 | Amory Sivertson
    Last month ó gulp ó I turned a quarter-century old. To the boomers rolling your eyes right now and thinking, Twenty-five? Youíre just a kid! I say this: Yes, by some standards, I am. By Beyoncťís standards, I should have at least six albums and a fashion line under my belt. Regardless, 25 feels significant to me, so when I came across the headline ď25 is the New 21Ē on The Atlanticís website, I was intrigued ó and soon, discouraged. Meet Emma, recent college graduate, daughter of the articleís author, Randye Hoder, and, apparently, exemplar of my generationís extended childhood....
  • What Is With Our President?

    10/04/2014 3:58:52 PM PDT · by 2ndDivisionVet · 44 replies
    The National Review's Campaign Spot ^ | October 3, 2014 | Jim Geraghty
    From the last Morning Jolt of the week: What Is With Our President? Contemplating President Obamaís confident Ė and erroneous Ė assurance that Ebola was unlikely to reach America, and that if it did, Americaís hospitals and doctors were prepared to diagnose and respond immediately ó a veteran speechwriter for cabinet officials wrote in: In the times that I was involved in speeches for various folks in the previous administration they and those around him were highly attuned to hyperbole and statements such the one Obama made about Ebola. Now people can crack wise about Iraqi intelligence and the like,...
  • Another For-Profit College Bites The Dust

    08/30/2014 8:26:41 PM PDT · by 2ndDivisionVet · 6 replies
    The Daily Caller ^ | August 30, 2014 | Blake Neff
    Nearly 10,000 students across the country are facing an uncertain future following the sudden collapse of another for-profit college system this week. After a summer which saw the dramatic collapse of Corinthian Colleges, fellow for-profit education company Anthem Education is rapidly closing its doors after the company filed for bankruptcy this week. Prior to filing for bankruptcy, Anthem Education had no fewer than 34 different campuses around the country. That number is in rapid free fall, with nine campuses shutting down Friday after the Department of Education failed to approve a deal that would temporarily keep them open. Anthemís collapse...
  • California couple struggling after being forced to pay deceased daughterís student loans

    08/06/2014 6:47:14 AM PDT · by Innovative · 90 replies
    FoxNews ^ | Agu 6, 2014 | Fox News
    Lisa Mason had taken out close to $100,000 in student loans in order to pay for nursing school, and was making payments on the debt when she died. Steve Mason said he and his wife, who had co-signed the loans, were contacted immediately after his daughterís death and were told they must start making payments. ďWe knew if she didnít pay her debt we would be responsible by co-signing, but we didnít know that if she died the debt would fall to us,Ē he said. Mason said his daughterís debt has ballooned to $200,000 and the payments exceed $2,000 a...
  • Purchasing Power Sits Idle in the Basement

    07/30/2014 2:30:38 PM PDT · by SovereignSociety · 6 replies
    Economy and Markets ^ | July 29th, 2014 | Rodney Johnson
    Studying and understanding demographic trends is critical when predicting generational spending patterns and long-term economic trends in our economy and markets. The Pew Research Center estimates that in 2012, 57 million Americans lived in multi-generational households, which is defined as two or more adult generations under the same roof. This is more than twice the number of people in such arrangements in 1980. To be clear, no one thinks thereís a rush to bring the aging parents of boomers back into the family home. This is all about the kids who, at this point, have finished their education but...
  • Let Students Discharge College Debts In Bankruptcy? Yes, But...

    07/25/2014 5:42:54 AM PDT · by reaganaut1 · 46 replies
    Forbes ^ | July 24, 2014 | George Leef
    Ever since the obstreperous Occupy Wall Street protests of 2011, Americans have been getting an earful about the alleged crisis of student loan debt. Sensing a chance to appear both compassionate and pro-education, many lawmakers want to do something to ease the plight of indebted students. Senator Elizabeth Warren, for example, is pushing her populist plan of allowing students to refinance their loans at absurdly low interest rates. President Obama recently expanded the touchy-feely repayment system so that students would never have to pay more than ten percent of their discretionary income for 20 years before the rest of the...
  • What Liberals Really Want: 5 Goals for End of Obamaís Presidency (Voting, guns, student loans)

    07/18/2014 3:54:31 PM PDT · by 2ndDivisionVet · 8 replies
    ABC News ^ | July 17, 2014 | Caleb Jackson and Noah Weiland
    From reducing student loan debt to expanding voter rights to dealing with the scourge of violent crime, liberals have laid out an ambitious agenda for the waning years of the Obama presidency. At a day-long summit Wednesday organized by Generation Progress, the youth division of the influential Washington-based think tank Center for American Progress, speakers such as Vice President Joe Biden, Sen. Elizabeth Warren, D-Mass., and House Democratic Leader Nancy Pelosi articulated their goals to a Washington audience of more than 1,000. Here are five issues that came up again and again at the Make Progress National Summit, and the...