If dead beats get free ride, I want my money back.Posted on 02/12/2018 9:16:20 AM PST by C19fan
whoops, only 20 years of payments.
But the snow flakes want ZERO repayments.
Student loans is a wealth distribution scheme. From the middle class to the elite.
The Fed Gov't has been making direct loans to students since about 1992. At first, it was a trial but by 2010, 100% of Stafford loans were "direct" meaning they used taxpayer funds for the loans. So, a whole big chunk of that $1.4 trillion is due to the taxpayers. Are we supposed to pay ourselves back with our own money?
Have the University the student attended, repay the U.S. Treasury.
If dead beats get free ride, I want my money back.I held three part time jobs to pay my way through the last two years of university education. When I graduated, I had $1,000 in the bank...
You can make the case that an 18 year isn’t the sharpest tool in the shed monetarily. That why most all these loans were co-signed by a Parent. Too bad so sad, one or the other needs to pay every dime. That or sue the University if they duped.
The reality is that the student loan racket is a payoff to liberal college administrators and professors. Kids borrow more than they should to go to college to pay professors and administrators over-priced salaries and other perks. Then the kids come out and can’t get a job, or one with a sufficient salary, to pay off the debt. The finger should be pointed at colleges. They are the culprit.
I am convinced that this WILL happen.
Some bad ideas have just too much political momentum to be stopped, and this is one of them. Some political party WILL propose this at some point, and when they do they WILL cruise to victory.
It would behoove the GOP to get out in front of this and do something now. Think of it as a punt on 4th. and long.
When I was in my late Teens and early 20’s, I worked three Jobs, sometimes seven days a week.
I did that for about four years. When one of those Jobs became more of a fulltime Career choice, I pared down to working a second Job on Weekends to make a few extra bucks.
I owed about #30,000 back then, the Mortgage on my first House. Never occurred to me to have the Taxpayers pay it off for me.
And then no more tax money to the University either.
And free food for life...
And free dope and booze...for all.
Free cars..free love, free...T.V.
Free internet...
Just give everything to everybody!!
That's the ticket!!!
"Only three jobs? Why you lazy lima bean!"
I don’t know about that. Considering the bad return for that investment maybe it is right that it get treated like other bad business deals. In truth many Universities and Colleges ought to be handing out refunds.
Not a single attempted point made in the least convincing.
All it does is reinforce the obvious, which is that we should get the government out of student (grants and) loans. Period.
If poor of any race, with nobody from the private sector rushing to voluntarily fund an extended state at an indoctrination camp, one can always work while taking two courses at a time, three semesters a year.
Not a big deal.
Agree. Universities should take responsibility for the high costs of worthless degrees. Let the debt be paid out of endowments. If universities get away with this, it will only make them more foolish.
Colleges often sell their degree programs with fabricated earnings projections.
The universities already have the money.
It’s like giving amnesty to illegals. You just end up with more debt going forward.
Our Computer Science dept has a 100% employment placement rate for graduates.
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