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beebop46n2 (November 30, 1999 at 12:00 am)
Anyone that cares about education in this country needs to look at a guy by the name Peter Schiff. Do a search on youtube. Currently our primary educational institutions reward the administrative staff and teacher's unions and not the students. Our current system is failing our youth. Govt needs to get out of guaranteeing loans. Then the banks have to actually look at the ability of the individual to pay back the loan. It's common sense. Don't repeat the mortgage crisis.
codewarrior05 (November 30, 1999 at 12:00 am)
How about getting the federal government out of the student loan business? Before student loans were the norm, tuition was affordable and students could work a part time job to pay the costs.
codewarrior05 (November 30, 1999 at 12:00 am)
22:10 min it, I had to laugh. "They hoped it would reduce tuition" How about get the federal government out of the student loan business?
Macwildstar (November 30, 1999 at 12:00 am)
I agree, Eliminate the loans, make it pell grants to those who are most qualified. Some competition is always good. Not everyone needs to go to college. I know 2 professional students who have 4 degrees each who will NEVER be hired by any good company worth working for because they have absolutly no common sense. These 2 have over 250k each in student loan debts, that they will never be able to pay for.
Macwildstar (November 30, 1999 at 12:00 am)
no. The IBR program is just another cost shifting program. If you don't work in a field that qualifies for total forgivness at the end of 25 years, you then pay income tax on the balance, for some of us that amount due will be greater than what we started with. So instead of paying thru Dept of Ed, we pay thru the IRS. No.. this is not a solution, it is just another avoidance of the real problem: That the student loan industry since the late 1970's became predatory and exploits students.
pd18750 (November 30, 1999 at 12:00 am)
Let's just hope that the new income-based repayment (IBR) plan is the best thing ever to happen to managing student loan debt. If it's not, then I won't hesitate to renounce my U.S. citizenship and live and work in another country, I'm sure a foreign country would LOVE the education and expertise of a U.S.-educated Ph.D. :) Student loan debt is the new terrorism
Moveontonumber2 (November 30, 1999 at 12:00 am)
I was the son of a 100% disabled female Vietnam veteran when I graduated high school. I was "entitled" to chapter 35 benefits. Instead of the government practicing predatory giving, they practiced predatory lending and I racked up 30k for school. Its now at 53k and I've paid 13.5k . They tell me the benefits I should have gone to school with are not retroactive. If I cant hold them accountable, how can they hold me accountable? Its a modern slave trap.
yoops (November 30, 1999 at 12:00 am)
I borrowed in total $30k for only 1 years worth of college. I left college after I learned of the evils of student loans and I'm completely pissed. Why the fuck did nobody tell me this during high school or even my financial aid advisers. Bunch of crooks screwing the American youth over. If you are poor and you wish to get higher education, you are screwed buddy.
applyforstudentloan (November 30, 1999 at 12:00 am)
I strongly believe that the governments and the lenders have an agenda..look at the amount of money is being handed out in loans freely. In the long term those who borrow will never repay their debt for a long long time. It's true high percentage will be enslaved to the system.. Do your research before your apply .Check out my free report...click on my user name
PurrGrrl (November 30, 1999 at 12:00 am)
Eliminate student loans entirely. Smaller, less wealthy European countries provide free education to their ppl. But in US poor students r denied the ability to better themselves--required to put themselves in debt in order to get an educ &they end up paying more money to go to college than their wealthier friends whose parents pay upfront 'cause loans must b paid back w/interest& fees. Instead of best&brightest aspiring to prof'l positions, only the wealthiest can attain those positions. |
