Massachusetts Sen. Elizabeth Warren has even proposed letting students borrow directly from the government...
"COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM"
What’s immoral are the outrageous prices charged by these so called institutions of higher learning.
Ping to read later
The original purpose of community colleges was to provide free or very cheap local access to work-place courses or an Associate's Degree that completed two years of college with no debt. It's incomprehensible that they have become institutions that contribute to student debt.
It's time for states to take back some of their power and not accredit community colleges that don't keep it cheap and simple.
Designed by Dems to create a huge dependent constituency whom they could jerk around at will for decades.
Obama is holding on to a Loan Forgiveness proposal for the day his poll numbers really crater.
The more debt students are able to take on the more the colleges and universities can raise their tuition. The colleges and universities then spend lavishly on facilities and amenities to entice prospective customers and their loans.
“Why do students have so much debt?”
Because they’ve been sold a pig in a poke..
What a jumbled mix of poor solutions he’s recommending.
The answer is to get the government out of the student loan business. A shock, I know. And if good students end up having to start at community college, while working full-time, so be it. They will raise the expectations that employers ultimately have of community college grads.
Meanwhile, those ultra-liberal beehives of mass indoctrination, known as four-year colleges and universities, will take a serious haircut, at least—and be all the better for it.
I think the college should have to co-sign student loans. As is, it is the same circumstance that created to sub prime mess. No moral hazard for the lending agent..