Posted on 08/12/2016 8:22:16 AM PDT by george76
whom to blame for the student loan crisis; it’s big banks, big government and big corporations ... But if we are really honest, it is us, the citizens, who are to blame. We let our government enter into a crazy scheme of financing America’s colleges with debt.
As a taxpayer, you had the right to protest. At any time over the past 50 years, you could have elected leaders who would have replaced the federal student loan program. But you looked away. You accepted the indebted fate of your children.
...
Colleges responded by gulping up all the money they could get from the feds. .. tuitions exploded. Colleges operate like a cartel: Most increase tuition in lockstep with each other every year — by 3.5 percent, to be precise. And for this, the government rewarded them with $110 billion last year alone.
Who gets hurt? The students, of course
...
Over the years the liability to the taxpayer keeps on growing. Why? The students are not paying back their loans on time. Federal Reserve Bank of New York says 17 percent of student loans are delinquent, but if you add payments granted deferment and forbearance because students could not or would not pay on time, the number rises to 67 percent.
...
So, dear taxpayers, you have been floating on the good ship of student debt for decades. At first you were on a stream, then a river, and now you are on a really big river: $1.3 trillion in debt. It’s been pretty calm, right? But now the boat seems to be shaking a bit. Look downstream. See the white stuff? You are headed over Niagara Falls.
(Excerpt) Read more at wbur.org ...
I’ve always wondered...is that a “male” or “female?”
You are not the only one to wonder that!
Peak Higher edumbmacation....
A student should only have to pay tuition at the minimum wage rate per hour of actual class/lab time.
Uh... the same folks who brought us the housing 'loan' fiasco??
Whenever there is a middleman; the price of the product will ALWAYS go up!
“Not asking for myself — I’m old enough to be your father, and quite married — but do you have any sisters who share your values?”
Sorry to say but at this point I’m an only-child.
“There are a horde of Christian men on the alt-right who are going bonkers lamenting the complete absence of women like you to court and to marry.”
Sadly for me there were absolutely no males my age who were actual Christians or even interested in marriage and I ended up marrying someone who was an actual man and old enough to be my father.
These days too many young men are indefintely putting off growing up and becoming men. Consequently, a growing number of young women are having to look at older men to find someone who’s interested in a family.
I seriously wonder what my daughters are going to do when they start to look for a husband? What happens when almost all of the males (I won’t call them men) view masculinity as something to avoid?
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