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The Long Road to the Student Debt Crisis
Wall Street Journal ^ | June 7, 2019 | Josh Mitchell

Posted on 06/08/2019 3:29:53 AM PDT by reaganaut1

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To: Jim Noble

Contribution to what?


61 posted on 06/08/2019 6:06:20 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: reaganaut1

Why is it a “crisis?” The left only calls things a crisis when it sees a chance to impose new laws that take away our rights or money.

The WSJ is not worth getting.


62 posted on 06/08/2019 6:14:24 AM PDT by I want the USA back (Islam, not a religion, a totalitarian political ideology aiming for world domination. -Wilders)
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To: central_va

The campaign to set a $6K limit and restore bankruptcy protection, of course.

I hate the people responsible for this disaster almost as much as I hate Free Traitors™


63 posted on 06/08/2019 6:27:22 AM PDT by Jim Noble (1)
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To: caddie
Gosh I wonder if universities, and all their teaching, and all of their graduates being left wing... has anything to do with the fact that advocates of free college tuition and loan forgiveness are also left wing.

Nah.

I'm to the right of Taras Bulba and I would do anything to cancel the debt and repay the government by destroying universities.

64 posted on 06/08/2019 6:29:05 AM PDT by Jim Noble (1)
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To: 9YearLurker
A good post, no argument here. I have three adult daughters; one went to Texas Tech straight out of high school and is doing well, the other two which are twins went to local community college from which one went on to graduate from Arizona State, the other got her associates degree and decided she had enough and now manages a retail business. Fortunately for them I was able to put all three through college without requiring them to take out any loans. However, they did take advantage of some grants and scholarships which helped, and all three had part time jobs and worked summers. As for me, I’m a Vietnam vet and utilized the GI Bill to get my bachelors in Economics, along with working the night shift at a truck stop for four years. Anyway, got it done 🥴....
65 posted on 06/08/2019 6:30:17 AM PDT by snoringbear (,W,E.oGovernment is the Pimp,)
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To: jazminerose
I am surprised sometimes to see a Bachelor’s degree required for some jobs. It’s a byproduct of degree inflation.

Which is a product of grade inflation in the public schools. Everyone knows we are graduating seniors who can barely read and write. But if we start holding kids back who can't pass, we'll have a bottle-neck in the 3rd grade.

66 posted on 06/08/2019 7:08:51 AM PDT by A_perfect_lady ( Political correctness forbids discussing any negative outcomes of Left-wing ideology. -PMcL)
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To: snoringbear

Great stories—all of them!

And thank you and congrats.


67 posted on 06/08/2019 7:22:28 AM PDT by 9YearLurker
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To: reaganaut1

We will need to take a write down on existing debt. It’s not good for anybody to have millions and millions of Americans in debt servitude such that they can’t buy houses or have kids - and yes this absolutely plays into both.

Going forward, student loans need to be limited to productive majors like STEM. If you want to major in gender studies, you pay for it - no taxpayer funded loans.

We also need to force universities to slash administrators. They’ve added armies of them in the last 40 years. They’re not needed.


68 posted on 06/08/2019 8:21:15 AM PDT by FLT-bird
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To: Jim Noble
The campaign to set a $6K limit and restore bankruptcy protection, of course.

We need to start a PAC and push this idea.

69 posted on 06/08/2019 9:03:21 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: jazminerose

That’s aside from them wasting money to justify the income, whether building lazy rivers on college campuses or the bloated, expensive diversity bureaucracy.

Bureaucrats And Buildings: The Case For Why College Is So Expensive
https://www.forbes.com/sites/carolinesimon/2017/09/05/bureaucrats-and-buildings-the-case-for-why-college-is-so-expensive/

The Campus Diversity Swarm
Cultivating the imaginary grievances of an ever-growing number of “oppressed” groups, a costly administrative infrastructure threatens the goals of higher education.
https://www.city-journal.org/campus-diversity-bureaucracies-16223.html


70 posted on 06/08/2019 9:19:24 AM PDT by tbw2
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To: jazminerose

It’s a byproduct of qualification testing being ruled discriminatory.


71 posted on 06/08/2019 9:28:05 AM PDT by MortMan (Americans are a people increasingly separated by our connectivity.)
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To: Jim Noble

In my case too. Someone else said it.


72 posted on 06/08/2019 11:22:54 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: ThePatriotsFlag

Six years.

I know people who will need 30.

Take the assets from the eduction industrial complex


73 posted on 06/08/2019 11:26:58 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: 9YearLurker

It will get rid of lots of the educational complex, which is sorely needed.


74 posted on 06/08/2019 11:28:11 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: caddie

can you imagine the looks on their faces as instead of the taxpayers holding the bag, that the education industrial complex takes the hit they deserve for their evil? Hitting their endowments and assets would be the best thing that ever happened to the the entire system.


75 posted on 06/08/2019 11:30:55 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: Chickensoup

The right way to do that is to stop subsidies—not to illegally confiscate and redistribute assets.


76 posted on 06/08/2019 11:32:26 AM PDT by 9YearLurker
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To: Jim Noble

Well said.


77 posted on 06/08/2019 11:33:12 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: FLT-bird

Only if the taxpayer is not on the hook.

Let the education industrial complex liquidate assets and pay it off.


78 posted on 06/08/2019 11:35:12 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: 9YearLurker

Subsidies should be stoped.

Loans for education via fed gove or state gov shouuld be stopped.

The entire merry go round stopped. The endowments and the assets tapped. All paid off.

Then educaiton complex will need to be competivie financially.

Lot of “studies people” will be losing their jobs.


79 posted on 06/08/2019 11:37:47 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: 9YearLurker

Classic Soviet/Marxist theft. The vast majority of endowment funds are at the top tier of schools that have had nothing to do with this.

_____________

Classic leftists purputrated this system on the people. They need to pay, they neeed to be weeded out.


80 posted on 06/08/2019 11:39:54 AM PDT by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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