Note: He is not talking about ending private student loans. Does he have a point? I think he does since two federal moves happen in the late 90s (Clinton years) college tuition has skyrocketed! College used to be expensive but affordable. Now its astromically expensive and unaffordable!
Two Clinton Error root causes of this:
(1) The Federally back student loan program: This allowed banks to give student loans without a cosigner, without a credit check, without any requirement, other than you go to school. The banks handed these out like candy and the colleges jacked up tuition prices like no product has even done in history!
Note: Obaminationcare now made the loans come directly from the government, so student loan increase the deficit!
(2) Clinton and Gingrich making Student Loan Non-dischargable (Then GWB making private one's non-dischargable): This was the even bigger catayst. Even a philosophy major hoping to make $20K a year could get saddled with $70K in loans. They were all treated the same.
College tuition and student loans are a bubble that is bursting and its an issue where status quo is unacceptable!
I know what the Ron Paul haters will say about this, but listen to what he is say, he makes a TON of sense here!
Two Clinton Error root causes of this:
(1) The Federally back student loan program: This allowed banks to give student loans without a cosigner, without a credit check, without any requirement, other than you go to school. The banks handed these out like candy and the colleges jacked up tuition prices like no product has even done in history!
Note: Obaminationcare now made the loans come directly from the government, so student loan increase the deficit!
(2) Clinton and Gingrich making Student Loan Non-dischargable (Then GWB making private one's non-dischargable): This was the even bigger catayst. Even a philosophy major hoping to make $20K a year could get saddled with $70K in loans. They were all treated the same.
College tuition and student loans are a bubble that is bursting and its an issue where status quo is unacceptable!
I know what the Ron Paul haters will say about this, but listen to what he is say, he makes a TON of sense here!
Ron Paul defends eventual end to federal student loans – CNN Political Ticker - CNN.com Blogs
Republican presidential candidate Ron Paul said Sunday his proposed plan to phase out federal student loans would lower the costs of a college education, making it more affordable for those wanting to attend.
Anybody whos ambitious enough will get to go to college, Paul said on CNNs State of the Union.
The Texas congressman, who is making his third presidential bid, said federally funded education assistance raises the price of education while not improving the caliber, a cycle that will backfire.
Pauls plan would eliminate the Department of Education but keep the features that handle student loans for the time being, ensuring there are no cuts to those currently receiving assistance or who will in the near future.
In a USA Today editorial Friday, Paul said eventually transitioning away from government-backed student aid would give us better educational opportunities at a better price.
Why should people who are laborers who never get to go to college, why should they be taxed to send some of us through college? Paul said Sunday on CNN. So its not even a fair system when it works. But obviously it doesnt work and thats why its coming to an end.
Paul has long advocated for cuts in spending and the national debt while calling for numerous government agencies to shut their doors and a renewed emphasis on individual responsibility. His responsibility platform also extends to education, he said.
The responsibility is on the individual and the family to take care of their needs, not the federal bureaucracy. It just doesnt work, Paul said.
When asked if he would agree that some people in the United States need federal help, Paul told CNN Chief Political Correspondent Candy Crowley that there are always some needs, the market isnt perfect.
It will not be perfect, but what we have now is this catastrophic