Msg. 34998 of 58641 (This msg. is a reply to
34984 by
Zimbler0)
Jump:
Zim sez ~ "In fact, the federal needs to get out of the 'education' business altogether."
Yep. My father was a university professor, vice-president, and president, so I know a little bit about the inside game of "higher education." He used to rail against and fight the ridiculous BS that goes on in academia ... it's gotten much worse since his time.
95% of the universities and colleges in this country deserve to be prosecuted under the RICO statutes ... and the corrupt federal government has been a willing partner in this criminal enterprise.
If you want to refund tuition to all those who received worthless degrees, then raid the endowment funds of these universities and colleges. THEN, you will hear REAL screaming and wailing all across the country.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
Fiz > not one PENNY will touch their hands -- their forgiveness doesn't really change them from drowning in debt.
Almost true, Fiz.
If I had, say, $20,000 in student loans . . . and 'somebody' 'forgave' $10,000 of it. My debt load would be halved - and I assume that would mean that my monthly payments would also halve. Leaving more money in my pocket every month.
But, unfortunately, far too many of the clowns owing money don't want to pay ANY of it back. Far too many of them should never have been in college to begin with and they will never make the kind of money an advanced degree should have netted them.
In my opinion, 'We' ought to first scrap the federal student loan program altogether.
Any student who has defaulted on their student loans . . . Gets a ZERO for a credit score. The new interest rate on their loan is set to zero percent. And their credit score remains at zero till they pay off their loan.
If an individual State thinks they need a 'student loan' program - that State can fund and manage it themselves. Hopefully by putting enough strings on the money that 'students' MUST meet prerequisites and maintain good grade point averages in curricula the State believes it needs people educated in.
In fact, the federal needs to get out of the 'education' business altogether.
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