The student loan debt bubble.

Discussion in 'Politics' started by Dissent, Sep 11, 2012.

  1. Dissent
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    Dissent BANNED

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  2. Wacky Quacky
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    Wacky Quacky Silver Member

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    Let the bubble pop. It may hurt more now, but it will be the best option in the long run. Throwing money at the problem or absolving debt will only kick the can down the road.
    People need to learn that not only is college not always necessary, but neither is a loan to pay for it. It is entirely possible to pay tuition out of pocket by working for it and/or applying for every scholarship and grant available.

    Let it pop.
     
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  3. tyroneweaver
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    tyroneweaver Gold Member

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    \\

    well said
     
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  4. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Yeah, I always thought that loaning a gazillion $$'s to people to get degrees in Latin studies and whatnot was a brilliant idea. SL's should be treated like a business loan... you want a $100k taxpayer backed loan to get a degree in Druid Philosophy? I think not.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Students are in the unfortunate position of being "Not too big to fail".
     
  6. LogikAndReazon
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    LogikAndReazon Gold Member

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    Imagine that, tens of thousands in debt for an education only to get "enlightened" by an ignorant misfit like alex jones....................
     
  7. Grampa Murked U
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    Grampa Murked U Diamond Member

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    This will hit us sooner or later. It will hurt
     
  8. TakeAStepBack
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    TakeAStepBack Gold Member

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    This is what "free" looks like when it comes from government.
     
  9. eflatminor
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    eflatminor Classical Liberal

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    The link highlights the problem:

    Now why would that be? That which cost $600 in 1952, if subject to the normal overall rate of inflation, would cost just over $5,000 today. Yet, it's $35,000! Why the skyrocketing cost?

    The answer is government meddling in the education market, including student loans, which the government now also monopolizes. The more the central planners do to "keep education affordable", the more they distort the market and cause prices to rise dramatically.

    The answer is not more government loans, subsides and control. The answer is a free market for education where innovation and the need to be efficient will drive prices down and results up.
     
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  10. Murf76
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    Murf76 Senior Member

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    From your link above:
    As the parent of two college kids, I heartily agree with that. It's a scam. And because academia and big government go hand in glove, there's no way to stop it. We spent $750.00 for one semester's worth of books this year. Next year, they'll be worthless because the college will change books and even as a used book they'll have no value.

    We're going as cheap as we can, two years in community college followed by two years in state college, but still... it's ridiculous, not just because of the expense but because of the stupidity. WHY should an associate's degree require a fucking PE credit??? :wtf:
    These kids had 13 years of PE. If they didn't learn it in 13 years, why would they learn it now? We're paying tuition rates right now for one of our kids to play GOLF for a lousy PE credit. And both of them report obscene levels of boredom, as math classes start out with algebra they learned in 8th grade. If your degree doesn't require upper levels of Math or English, why the hell should you be required to pay for them?.. let alone all the stupid orientation courses and pointless electives. In the first two years of college, we PAY for our kids to relearn every bit of what they learned in high school. And the only reason I can think that we do that is because high school diplomas have become WORTHLESS.

    It's a scam. AND... it's supported by Big Government, as we see the pandering to traditional academia when vocational schools are treated differently:
    Obama Crackdown on For-Profit Colleges Faces Stiff Resistance | Fox News
    But unless we all come together, it can't be fixed. We have to have a politics-proof majority of parents and students REFUSING to tolerate this system anymore. We have to bust up public unions, create a competitive environment for our education dollars, and subsidize LESS. And of course, that'll go over with the left like a lead balloon.
     
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