I’ve been hearing for over five years that the next debt bubble to pop is the student loan debt bubble. I don’t understand why I hasn’t. Maybe it already is but we’re not seeing homes repossessed, so it’s under the radar.
The highly aggressive leftist monoculture of academia is fed purely by this massive bubble of Fed.gov spending and student debt. conservatives - you get to pay for it.
Once again, government and leftists team up to pour massive money into a progressive social-engineering scheme, and a very solid Democrat political base
This morning, Fox & Friends was at College of the Ozarks in MO. It’s nickname is “Hard Work U” because while there is no charge for students to attend, they are assigned jobs to do to keep the campus functioning.
Students tend the live stock and truck garden that supplies fresh, wholesome food to the students and staff. The food is prepared and served by students, and plumbing, landscaping, electrical are all done by students. It’s a wonderful place that stresses love of God, family and country. And when students graduate, they have NO debt.
I couldn’t afford to send my child to a university but the commie libturds expect me to pay for someone else’s kid to go. Thanks to the Obozo, the tax payers are now saddled with the student loan debt. Time to reverse this socialist gift from the Federal government and get the Federal Gov. totally out of our education system.
There should be a serious, nationwide study to determine why college has become so damned expensive. $30,000 - $40,000 tuition per year has become standard in many parts of the country, plus living expenses.
After a certain amount of time of not paying on their loans, the Treasury gets involved and steep garnishments are applied. There is no escaping re-paying those loans.
I put the blame on many things. Degrees in worthless majors. Colleges hiking rates when money is easier to come by (i.e. federal grants / loans) like any other industry does. Kids going to college to escape having to postpone having to get real jobs. Kids not having the mindset to finish what they start.
But the main thing is that too many kids who start school don’t have a specific career in mind, thus nothing to focus on to finish or even making sure you’re heading in the right direction. Solution: pick your career first (I did in 11th grade, so don’t tell me it can’t be done). Ask people in that career what school(s) and degree(s) are needed to get where they are and impress them to hire you and advance. Ask them if cheaper schools are just as good.
In other words, take charge of your own future and don’t believe everything the school advisor tells you when he’s selling his product.