Who forced them to take out the loan? Most people don’t belong in college.
Perhaps Mr Root would like a job in the Trump
Administration ??
There should be no federally-backed student loans for such liberal arts Majors as sociology, English and anything ending with the word studies.
students become enslaved and universities become training grounds for our political opposition.
you can kill two birds with one stone with this simple move.
Obama did not so much as bat an eyelash while openly declaring war upon Coal.
we, too, should be as bold.
We should not be funding liberal arts majors.
Look at the snowflakes majoring in gender studies. That is a result of our student loan policy
“Here’s How We Solve Impending Student Loan Disaster”
Garnish Obama and ilk’s wages.
Here’s some so-called “common sense” . . . don’t do anything. Let those who borrowed $100,000 to laze about for 4 or 5 years pursuing an uneconomic major, simply have the debt hound them until it is paid or they die.
The additional ideas this article sets out, are fine, but the existing debt now incurred must remain the obligation of the debtors.
Step 1 - end government guaranteed student loans
Step 2 - Allow student loans to be cleared by bankruptcies.
Student loans are a wealth redistribution scheme designed to take money from the middle (and lower) class and give it to the elite.
Claw back the money from the $hit hole “institutions of higher learning” that got it in the first place. Couple that with the requirement for deep discounts on tuition for the upcoming people. Almost all of these crap holes get Fed Funds, just threaten to cut all of it off, then watch what happens. If we don’t “fix” higher education, then all that Trump accomplishes may end up in the long run being for naught.
As defined by who, exactly, and what about those schools that were responsible and held costs down?
There is nothing better than a market-based solution to get positive results.
It's pretty clear that Mr. Root doesn't understand the concepts he's talking about.
Don’t blame me, I went to work instead. Invested. Still don’t have 100k to spend on wall art (diploma), but I’m debt free and doing fine, keeping my mitts out of other people’s pockets.
If I didn’t know better, I would think Root has lost his mind.
I don’t see how any of his “results” would ever be true.
What a racket this is. First of all putting people in debt for their whole lives .....then making them useless and on the dole because they cannot get a job. Also teaching them commie education.
Don’t be fooled. All colleges are for profit institutions. They may not have stock holders but they do have Presidents and football coaches making millions a year. And many of the professors are taking home big checks as well, not to mention the very well paid staff in charge of the endowment.
Colleges are big business. Whether they are state run or private, they have huge cashflow and huge cash reserves plus they sit on very expensive land which they rarely pay taxes for.
After sending 4 kids to college and paying for everything I can tell you, the most expensive colleges are not the best. They are just the most expensive. A course in calculus is the same at Harvard or Northern Illinois. Your kid is going to learn to drink beer at either just as well.
I do agree that the US should not be the one to guarantee student debt. It should be the schools themselves.
My daughter comes from a six-figure home and we have taken out almost $50k worth of loans so far. She is a junior. I deeply resent the fact that she doesn’t qualify for scholarships (we make too much money). Wish they would determine “need” based on savings and chance for academic success and not race (though she is bi-racial) or earnings.
Or, real quick, and something that might even be accomplished by Executive Order: Any institution which has more than a certain percentage of delinquent student loans, becomes ineligible for student loans.
Or even better: majors and departments within an institution: if more than a certain percentage of graduates from that major are in default, then no student majoring in that subject gets a loan. So the engineering students can continue to get loans, but the “xxx-studies” majors who can’t get any better job than at Starbucks, forget it.
Anyone writing about students loans should point out that Obamacare legislation took money from student loans to pay for health care. Students
Seems like most people forgot this as soon as it happened but it’s a very important point. Students especially need to be told this since most don’t even remember passage of the ACA. Ds cannot claim outrage at student loans without being outraged at themselves and their prioritization of a bad health insurance plan over student loans.
stop loaning money for junk degrees.
and make the school eat the loss for any graduate that can’t find a job.
Interesting. How about Trump University? Why should Trump be sued because some lazy a$$hole couldn’t apply what he or she was taught even though thousands did succeed? If he has to pay then most certainly ALL colleges and universities must be liable.
Wage garnishment should solve the problem.