The Great Student Loan Scandal

[jwoodie]

The latest Talking Points are about the "unfair" burden of having to repay Student Loans. However, the underlying scandal is that the Student Loan Program has provided an excuse for funneling billions of dollars into overpriced universities which, in turn, promote a Left Wing agenda in the curricula and provide enthusiastic support for liberal causes and candidates.

Why doesn't anyone ask why these universities are so expensive? Why are their faculties entitled to overgenerous compensation for very little work? Why can't they take a pay cut or at least forgo a COLA when times are tough? The answer is that they are paid, directly or indirectly, with public money. Students are thus encouraged to select colleges without regard to cost, and when they can't repay their loans, the taxpayers get the bill.

 

[Mr Natural]

Ever notice how everything in the Land of Conservatopia is overpriced except corporate profits and CEO compensation?

 

[psikeyhackr]

Ever notice how everything in the Land of Conservatopia is overpriced except corporate profits and CEO compensation?

Curious how neither the left-wing nor the right-wing can make 700 year old double-entry accounting mandatory in high school.

Then economists can talk about how RATIONAL consumers are.

psik

 

[whitehall]

The G.I bill is still in effect. All the sissie spoiled kids have to do is donate a couple of their precious years to the government like every man was forced to do from WW1 to VietNam.

 

[DGS49]

The fact is that a high school senior - even a very mature one - has no concept of the value of money. Tell him or her that "That loan is going to have to paid off, with interest, with AFTER TAX, discretionary money," and they will look at you like you are speaking Swahili.

The institutions themselves are shameless, but it is up to the parents (the adults in the picture, if you please) to steer the children into an educational experience that is rational and economically viable. Brown University for English Lit does not qualify.

My solution? Force the Universities themselves to lend the money to the students and to carry the paper until it is retired. No federal backstop, no farming it out to banks or whatever. Let them fund the tuition themselves. Then if the students can't pay, THEY are the ones left holding the bag, which is the way it should be.

The wisest thing Congress has done in the past 50 years was make it impossible to have a student loan discharged in Bankruptcy. For once, they got it right.

 

[bripat9643]

Ever notice how everything in the Land of Conservatopia is overpriced except corporate profits and CEO compensation?

You mean turds like you claim everything is overpriced except for areas where liberalism reigns supreme, like public schools and universities.

 

[jwoodie]

The fact is that a high school senior - even a very mature one - has no concept of the value of money. Tell him or her that "That loan is going to have to paid off, with interest, with AFTER TAX, discretionary money," and they will look at you like you are speaking Swahili.

The institutions themselves are shameless, but it is up to the parents (the adults in the picture, if you please) to steer the children into an educational experience that is rational and economically viable. Brown University for English Lit does not qualify.

My solution? Force the Universities themselves to lend the money to the students and to carry the paper until it is retired. No federal backstop, no farming it out to banks or whatever. Let them fund the tuition themselves. Then if the students can't pay, THEY are the ones left holding the bag, which is the way it should be.

The wisest thing Congress has done in the past 50 years was make it impossible to have a student loan discharged in Bankruptcy. For once, they got it right.

Exactly. Student loans are like health insurance: There is little or no restraint when spending other people's money, even if you have to pay it back in the future.

 

[jwoodie]

Ever notice how everything in the Land of Conservatopia is overpriced except corporate profits and CEO compensation?

You must be a product of liberal education (i.e., no concept of relevancy or logic).