Paupers prison is another approach. Loans only for careers that actually exist is another approach. Business, law, medicine etc.
Undo the bill that Biden voted for. Put student loans back under the bankruptcy code. Problem solved.
Hey now the Howard Zinns of the indoctrination centers need golden parachutes too.
BIGGER GOV idea: Forget about chicken $ student debt slaves repayment. Take over ALL home lenders stuff. Let’s make some REAL bank MOFOS. Competition??? That is so last millennium.
Oh...and while I’m rantin’...here’s another. I waited 3/12 hours to get a license plate (for a very used car I had purchased) at the Secretary of Socialists here in Michigan. People were REALLY ticked. Better get some armed guards in there...or would lack thereof serve another agenda. Just saying’. See something, say something. Right?
#innocentvictims
Fund research, etc.? Or pay extravagant salary packages to the people at the very top and practically nothing for classroom maintenance (my experience)?
Liberty University has an endowment of over $1.3 billion. Falwell would not be please.
No, those who took the loans don’t need to have them paid off by someone else—especially by government fiat. What we need to do is to simply stop giving out student loans from the government. Go back to letting lenders make any loans they think are good and will be paid back. (E.g., for med school or engineering)
Oh, and we need to scrap our current public schools and start over with modest programs to teach reading early and phonetically.
Unless you are getting a degree in law, engineering, science or medicine...I don’t see the logic in loaning a ‘kid’ more than $25,000 for college. Someone ought to spreadsheet-out a listing that says if you choose a loser-degree that only gets you $35k a year, then you max out at $15,000 for the four-year period.
One observation...an electrical engineer, just getting out of college...can expect a starting salary of $68k a year, and within five years....probably will clear $90k or more a year. That’s the kind of person that I could see loaning $70-odd thousand to wrap up a degree. But why even borrow that much? You could do two years of a community college, living at home....then do two years of a state public college, and get the electrical engineering degree for $40k to $50k.
Have the universities refund the tuition and fees for offering a useless overpriced product. False advertising laws need to be put to use
Oh...and just one more thing BIG GOV. Open up another bureaucracy The DEV...Department of Electric Vehicles. With golf season coming up. DEMAND that those old duffers who make it past elimination viruses have a Golf Cart License. The fee could be graduated based on money saved in the bank. Some of those zombies are scary. They even try to multi task on their iPhones. FOUR!!
/rant
This would also assure that the universities would give student loans only to students that would actually be likely to graduate and that the loans would only be in course work that likely results in jobs.
The biggest fix would be to have the college co-sign the loan (or even make the loan in the first place). If the student doesn’t pay, the college is out the money.
We would immediately see universities tighten admission requirements to exclude people who are unqualified to be in college, and eliminate courses and majors that don’t actually prepare students to earn a living.
NOT ONE CENT OF TAX MONEY TO "PAY OFF" STUDENT LOANS!!!
I saved and paid for my children's educations, so why should I pay through my tax dollars for someone who wouldn't do the same?
Congress has made it difficult if not impossible to discharge student loan debt through bankruptcy.
We need to change the law to make it easy to discharge student loan debt through bankruptcy. By doing so, the loan lenders will have skin in the game, loan eligibility requirements will become stricter and schools will need to be more competitive in pricing because the flood of "guaranteed" loan money will contract.
Under the current system, the banks have no incentive for prudence in lending to students because the student cannot discharge the debt. The schools have no incentive to hold down costs because easy and abundant loan money is available to students.
I have a proposal. PAY BACK THE LOANS students......