Honestly, I think we need a bubble. Bailout the student loans.
I think that the only way this madness ends is an economic apocalypse happens. D.C. is too cowardly to stop otherwise.
So, why bother dragging it out?
How about they get these schools for once to clarify just why they need to charge such huge tuition fees? I know former terrorists and fake indians need a lot of money to act as Professors, but still..
I think that to qualify for a student loan, you have to make 3-pointer in one of 3 attempts, [l-ctr-rt] —after that you`re SOL.
Congress should reverse the tread it has taken for the last thirty years of making student loans all but non-dischargeable, and go back to how student loans were treated in the Bankruptcy Code of 1978.
That cinches it — the Obamunists will do it.
I know in CA and I imagine most everywhere the professors (and all staff) enjoy high wages , Cadillac health insurance and enormous pensions. They would not be able to keep this up if not for financial aide.
If a student want to get a loan a good place to start is having high school grades checked, and only loan for studies that will enable them to get a job and pay back the loan. If they want a degree in black or LGTQ studies, let them pay for it.
A local private college (a good one ... Duquesne University) recently put its MBA program on sale. It’s 25% off for part timers looking to earn an MBA at night so long as you enroll in 2015.
My stepson is going to take advantage of it ... he isn’t doing exactly what he wants to do at his current job, but it pays well and he’s getting experience :-) . 1/2 his graduating class from last year are too busy turning down work that’s beneath them.
Anyway, imagine that ... enrollment goes down and prices are lowered. These people are friggin’ radicals! They should be begging for handouts from the Feds to offset their low enrollment so that the elite can maintain their lavish lifestyle, not drop prices for the peons! Seeing that it’s a Catholic school, I’m sure they’ll be accused of all sorts of nonsense once they start cutting into Pitt and Penn State’s profits with these lower prices.