This has been the line coming out of academia for the past 25 years. “The real future is in the public sector, see? We need more of our best and brightest to bypass industry and come to work in public service.” Obama’s plan to wipe away their student loans after ten years proves this.
I wonder how that will work. Under current law Student loans must be paid back in 10 years. So with the Obama plan, if you work in public sector are principal and interest payments suspended?
The taxpayers get screwed twice, once for paying the guy to work in the public sector, and again to pay for his education. If someone were planning to work in public sector they would maximize their student loans not minimize them like sane people would.