The Student Loan Takeover

American Thinker ^ | September 10, 2010 | Frank Burke

[Rashputin]

In a free and open market, the likelihood might exist that the threat of competition would encourage the traditional colleges and universities to observe and adopt some of the practices and efficiencies of the market-funded sector so as to hold down or even reduce costs and improve their competitiveness in other areas. Unfortunately, there is not only a social, but also a political quotient in play. With some notable exceptions, the academic community has long been the province of the left and the laboratory of political correctness. Some of the most extreme and notorious so-called "professors," such as Ward Churchill (University of Colorado), Sámi Al-Arian (University of South Florida), and Obama confidante Bill Ayers (University of Illinois at Chicago), have made their home in the alternate reality of the faculty lounge. It is not likely that those on the left will willingly surrender their private preserve of irrational thought.

With the government in complete control of the student loan program, the possibility, if not the probability, exists that political ideologues will be in a position to determine the winners and losers in any form of academic competition. Questions of accreditation, school status, student eligibility, and other criteria could be raised to direct funding to preferred institutions and courses of study. Given the leanings of the present administration and the academic community at large, there is little doubt who the winners might be. If this plays out, the losers ultimately will be the students and our society.

[Rashputin]

Just like Obamacare, taking over all student loans is a strategic part of the fascist plans for the long term. And just like Obamacare, this must be overturned and removed from the grasp of the Federal government. Student loans may be an area the Federal government should address with regulation, but it is not something the government at any level should control. Government control inhibits competition, alters the risk assessment of lenders, and makes it impossible for the market to function properly with regard to college costs. Democrat control of education must be ended, their existing alternate reality within education must be dismantled, and education must cease to be the indoctrination and reward system for the fascists of this country.

[CharlesWayneCT]

I’m refinancing my house and taking out additional money to pay for college, because I presume that as a republican the Obama administration will find a way to rip me off on my student loans, now that they took them away from the private enterprise.

[MrB]

Free college for minorities is part of 0bama’s stated plan for reparations, along with universal healthcare. He said so when asked about reparations.

In a 2004 speech to the NAACP, he stated that he feared that reparations would let [white people] off the hook, that they would say the debt has been paid,
and universal health care and free college tuition would benefit the same people and be ongoing, perpetual reparations.