I read somewhere that the amount of money we have been spending in Iraq and
Afghanistan would easily pay the tuition of every college student in America. I
don't know, necessarily, if I'm advocating that, but I think it should
be a catalyst for examining our spending priorities and making college more
affordable and not burdening students with such enormous debt.
I venture into a veritable forest of contempt from our right wing friends to
point this out, but...The President and his wife, both of whom did
not have the good fortune to come from wealthy families, did not pay off their
student loans until the mid 2000's. Now, if the current President had
problems paying off his legal education bills, I can not imagine what an average
student will have to do to pay off his/hers. It is not so easy to
say, well just go to a cheaper university, since even the "cheaper"
places cost a bundle. And the predatory for-profit universities are an even
bigger rip-off.I don't know how we can fix the system, but I
can tell you it is broken. I can not see how anyone can argue that bankrupting
their children or grandchildren at an early age because of student loans is a
good idea for anyone's future.
What would be bad if we strongly regulated colleges like we used to strongly
regulate the banks?I see no reason why colleges can raise tuition
exponentially and without reason. Why not regulate them and
prosecute those who are gouging students?Besides, if we have $2
trillion to throw away in Iraq then how can we rationalize not assisting our own
students? We enrich Middle East terrorists, rebuild countries, and empower jokes
like Karzai but don't assist our own students? How does this
make any sense? It's like us enriching and empowering Japan,
the Soviets, and Red China in the 1950s, while refusing to pass the GI Bill at
I'm not sure why this is always a concern. It's a supply and demand,
free market system. A beautiful thing, we're told. The only real method to
control it would involve government intervention and subsidy. Socialism, in
IMO it's not just "STUDENT debt". It's ALL Debt that will
eventually bring many in our society into bondage.Debt is something
to be avoided. Some seem to think it's a GOOD thing. It's not. Not
for Students... not for anybody.====Living within your
means... is a good lesson to learn early (maybe even when you are in
college).You may have to borrow money for your first house, but it
should be the smallest most inexpensive house you can live in. And their's
nothing wrong with renting something cheep while you save to be able to afford
your own house. And those who keep trading up their house for a bigger one,
with a bigger mortgage every year or two... deserve what they will get in the
end... ready to retire, but they still owe huge payments on their house so they
can't.I know many sixty-somethings who have only payed the
interest on their mortgage thinking it would be easier to pay it off later (but
find out retirement income is not enough so they are forced to keep working).
Dept is a terrible master that only gets worse with age...
Many European countries expand free education into the university years. I
think it might be time to consider this or something moving toward this
direction. Student debt, as the article says, has impacts on the economy that
aren't so obvious. When the bubble bursts, and I believe this will be
soon, it could cause another 2008.
So now we see all the proposals for more tax dollars and public debt to be
exchanged for more votes--and that's the long and the short of it.
I've graduated from three universities and taught at four colleges, and
have a been an observer of the whole situation. The way I see it, more and more
the "colleges" are designed for the benefit of the "educators,"
not the students. In fact, in many schools (which are virtually unmonitored),
the student serves primarily as just a conduit to funnel Federal financial aid
into the pockets of the owners. There's nothing to control any of this in
today's world, and the only cry you'll hear is "More! We want
MORE from the taxpayer!" That's basically it. Same old socialist
Jay Tee in SandyMethinks thou hast reduced the argument down to its
most cynical reduction. Just where do you get your facts to back this up? Your
experience aside, this alone does not make a fact.Research
universities do eat up a great deal of resources. However, our other fine
institutions of higher learning do care about students and not all of these are
owned by corporate American. Most universities of any standing are vessels of
the state, and Utah or any state can make rules or laws that change said
behaviors.Would not it be better if you worked in Utah to make its
institutions of higher learning more student friendly and perhaps a little
cheaper? Or would that be a cop-out to the "socialist" song?
We would do better to let people test out of college entirely. I CLEP and DANTES
tested out of about 30 credit hours, yet only about 6 credits transferred to my
degree. My college likes to specify EXACTLY what a class must have in it before
giving credit for the subject. Too bad most of us get a job after
college to find out the real skills we needed were not taught in college at all.