“Unlimited borrowing for graduate and professional school should be ended.“
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There’s also no restriction on how the money will be spent; spring break in Cancun, bar tabs in sports bars, luxury apartments, on and on. Also, many of these people have no interest in working on the side while in school. Some attend prestigious private schools for soft degrees which provide zero opportunity to repay large loans. “Stupid is as stupid does “....
The crappy Obama era economy was the main cause of the student loan crisis since there were few jobs thanks to Visa abuse, offshoring, and anemic growth. Bringing back the Democrats is definitely not worth it. The whole reason that people undertake this exercise is for better jobs. You might be $36k up, but what is that over the long run?
Cancelling student debt does nothing to solve the problem of outrageous college costs. They need to haul some of these university presidents in front of a congressional committee for publicly televised hearings. Let them look the American people in the eye and justify why they charge the tuition and other fees that they charge. Let them justify why a single textbook in the college bookstore costs a couple of hundred dollars, when a comparable book in Barnes and Noble can be bought for around $40 to $50. (Oh, by the way, that $300. textbook just happens to have been written by the professor who is teaching the class.) As long as the government is willing to look the other way, the colleges and universities will continue to charge whatever they feel they can get away with.
Found your candidate for 2020 yet?
When I learned that students were using “education” loan debt to finance personal spending excess, my sympathies were erased.
My GD needs/wants her graduate degree but there are very few offered at public universities and the long distance programs are outrageous, plus she would have to fly to the school once a month. A 3 year program that would result in a PhD costs $167,000 just in tuition!
If they stopped the unlimited borrowing this scam would also change.
ITM, she may just get her Graduate degree in Physical Therapy at a public university with $12K yearly tuition.
Loans should be limited by field of study, and only be for tuition, fees, and books. And require a 3.0 GPA to allow further loans
Pretty much, loans limited to STEM and other disciplines with a noteable deficit in available candidate for open positions.
Gender Studies, etc: not so much. . .
And we all know how Mrs. Bill Clinton's reset button worked.
Put an immediate stop to these loans for the children’s sake.
Questions our leadership never asks.
Do aoc n saners agree to stop these harmful loans today?
We should post a hard question thread every day. Will congress and their families be exempt?
The answer is to make institutions of higher education tuition free.
Like The Beaknik Bern’s wife did at Burlington College.
I want my reparation check for paying my family’s tuition.
There has been discussion on a system where people can invest in students based on their reputation, test scores, etc. It is a free market system that would reward wise investors who support students that are likely to succeed and pay back their loans. It would punish those foolish investors who support students based on their need, their loudness, or any other quality that is not correlated with success.
This system cannot compete or even exist in an economy where the government is wildly subsidizing everyone — sort of a Gresham’s Law situation. Grants destroy markets just as brutally as taxes.
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” President Ronald W. Reagan
Many European countries have “free” or taxpayer funded college - but it isn’t for everyone. If you aren’t smart enough, you aren’t going. That’s why they don’t have a bunch of people with B IQs and social justice degrees complaining they can’t find jobs. They are also not wasting nearly as much money on useless degree programs.
Buying votes with $20 liquor store gift cards would be cheaper.
Loans must be repaid, as Biden says period, period period.
Maybe those institutions which granted the degrees should be required to revoke them if the debt is forgiven.
The biggest problem with student loan debt? The ‘students’ using it for buying electronic toys, alcohol, trips(both mental and physical) dining out, etc. In other words blowing most of the cash on everything but their education and then whining when the bill comes due and their BS degrees in social justice can only get them a job at Starf*cks.