[Da Coyote]

He could reduce costs by eliminating “Dork-O-Matic” majors -like the one he undoubtedly (purchased, cheated, quota-ed) himself into.

[Navy Patriot]

Interesting, considering, economically speaking, government subsidy and loan guarantees are the cause of the astronomical tuition for useless higher “education”.

[WayneS]

What is preventing students and/or “Occupiers” from shopping around for the most affordable colleges right now?

Why do they think they need a new law?

[lacrew]

“Under the plan, colleges would be rewarded based on their success in offering relatively lower tuition prices, providing value and serving low-income students, the White House said.”

Sort of like imposing the ‘success’ of section 8 apartments to education.

[poobear]

“The plan would not cost taxpayers additional dollars because students pay off the aid money with interest, officials stressed.”

These kind of statements aren’t even remotely funny anymore. Where the h@ll does the money come from in the first place and where the h@ll are my dividends from the interest revenue?

-!

[lacrew]

“The plan would not cost taxpayers additional dollars because students pay off the aid money with interest, officials stressed”

If this were true, we wouldn’t need federal financial aid...students could all just go to a bank.

[lacrew]

“The plan would not cost taxpayers additional dollars because students pay off the aid money with interest, officials stressed.”

Here is a 2010 report:

http://www.ifap.ed.gov/perkinscdrguide/attachments/0910PerkinsCDR.pdf

Of the 367,000 people who finished school and ‘entered repayment status’ in 2008-2009, 37,000, or a full 10 PERCENT were in default by June 2010!!

And out of all loan holders, almost half a million people are 240 days past due.

[The Great RJ]

Gee do you think that big universities would be willing to give up their football and basketball programs so D average Larry Lowlife can afford tuition at their school? Part of Obama’s plan would be to guarantee college for everyone even those who are academically challenged. Kind of like giving a mortgage to those who cannot afford to pay it.