Here's How We Solve Impending Student Loan Disaster

Townhall.com ^ | November 18, 2016 | Wayne Allyn Root

[2ndDivisionVet]

Who forced them to take out the loan? Most people don’t belong in college.

[RightWingNut]

Perhaps Mr Root would like a job in the Trump
Administration ??

[conejo99]

What a fool I am. I have 4 kids in or graduated from college and post graduate school. I payed everything myself.
Now I get to pay for everyone else too?

[gaijin]

There should be no federally-backed student loans for such liberal arts Majors as sociology, English and anything ending with the word studies.

students become enslaved and universities become training grounds for our political opposition.

you can kill two birds with one stone with this simple move.

Obama did not so much as bat an eyelash while openly declaring war upon Coal.

we, too, should be as bold.

[Lisbon1940]

We should not be funding liberal arts majors.

[ari-freedom]

Look at the snowflakes majoring in gender studies. That is a result of our student loan policy

[WKUHilltopper]

“Here’s How We Solve Impending Student Loan Disaster”

Garnish Obama and ilk’s wages.

[Da Coyote]

We need to sue all colleges that gave out useless degrees to those student stuckers.

Right now, pretty much anything other than in STEM is a useless degree. It is long past time to remove the funding source of all those boxtop degree “professors” who couldn’t make 1940 grade school teaching standards.

[oldplayer]

Here’s some so-called “common sense” . . . don’t do anything. Let those who borrowed $100,000 to laze about for 4 or 5 years pursuing an uneconomic major, simply have the debt hound them until it is paid or they die.

The additional ideas this article sets out, are fine, but the existing debt now incurred must remain the obligation of the debtors.

[CIB-173RDABN]

Step 1 - end government guaranteed student loans
Step 2 - Allow student loans to be cleared by bankruptcies.

Student loans are a wealth redistribution scheme designed to take money from the middle (and lower) class and give it to the elite.

[vette6387]

Claw back the money from the $hit hole “institutions of higher learning” that got it in the first place. Couple that with the requirement for deep discounts on tuition for the upcoming people. Almost all of these crap holes get Fed Funds, just threaten to cut all of it off, then watch what happens. If we don’t “fix” higher education, then all that Trump accomplishes may end up in the long run being for naught.

[Valpal1]

While this is true, it is also true that every college and university has an office dedicated to assist students to take out loans to purchase the crap education they are selling.

Schools have a great deal of moral hazard in the current system and no skin in the game. This proposal would give them some.

The author is correct in assuming that schools would change their behavior if they suddenly found themselves on the hook for half a trillion dollars in unpaid student loans.

[semimojo]

This solution would mean forcing colleges of all kinds to tailor their curriculum to “real world needs and demands.”

As defined by who, exactly, and what about those schools that were responsible and held costs down?

There is nothing better than a market-based solution to get positive results.

It's pretty clear that Mr. Root doesn't understand the concepts he's talking about.

[bIlluminati]

Defund the Left. Make colleges buy back all the loans at face value, and all new loans cosigned by the college.

Enrollment would plummet, as half of all colleges would be bankrupt, and the remainder would start looking at their students as a business, not as empty minds to be indoctrinated.

[Buttons12]

Don’t blame me, I went to work instead. Invested. Still don’t have 100k to spend on wall art (diploma), but I’m debt free and doing fine, keeping my mitts out of other people’s pockets.

[stylin19a]

If I didn’t know better, I would think Root has lost his mind.

I don’t see how any of his “results” would ever be true.

[ColdOne]

What a racket this is. First of all putting people in debt for their whole lives .....then making them useless and on the dole because they cannot get a job. Also teaching them commie education.

[rdcbn]

Here’s some so-called “common sense” . . . don’t do anything. Let those who borrowed $100,000 to laze about for 4 or 5 years pursuing an uneconomic major, simply have the debt hound them until it is paid or they die.

The additional ideas this article sets out, are fine, but the existing debt now incurred must remain the obligation of the debtors.

---

At least there was attempt to actually attend college.

Much of the student loan money goes to people attending fake beauty schools or trade schools.

The loan money is just a scam where the money is used not for school but to obtain “free money” that there is no intent to pay back.

[poinq]

Don’t be fooled. All colleges are for profit institutions. They may not have stock holders but they do have Presidents and football coaches making millions a year. And many of the professors are taking home big checks as well, not to mention the very well paid staff in charge of the endowment.

Colleges are big business. Whether they are state run or private, they have huge cashflow and huge cash reserves plus they sit on very expensive land which they rarely pay taxes for.

After sending 4 kids to college and paying for everything I can tell you, the most expensive colleges are not the best. They are just the most expensive. A course in calculus is the same at Harvard or Northern Illinois. Your kid is going to learn to drink beer at either just as well.

I do agree that the US should not be the one to guarantee student debt. It should be the schools themselves.