Fre3dombear said:
FLBear5630 said:
Johnny Bear said:
Seems like just another attempt at not taking responsibility for one's decisions and trying to blame someone or something else instead. Did BU or any other university put a gun to anyone's head and force them to take out these loans? Did anyone lie about the amount of the loans to deceive the borrowers as to how much debt they were incurring? Did anyone receive a signed written guarantee that the benefits of the education received will for sure pay the loan off? We increasingly live in a world where too many people don't want to take full ownership of their personal decisions and want someone or something else to ride to the rescue. And it too many cases that "something else" ends up being taxpayers.
It is the interest rate that kills them. Many have paid principal off and not made any headway. Most don't mind paying for their education, but making it a profit center is a different story.
I have no problem with Public Service Loan Forgiveness, Military Service loan payments and other programs where you can get the balance forgiven after 10 years. After that long you have more than paid off the principal and they made some interest. To me, that is fair
Why not jist make that the math to start with? People that argue this seem to suggest the math wasn't what it was when the loan was taken. Yet another example of the government waste negatively impacting millions and, as usual, many voting for their own shackles. People gotta wake up and get off the govt plantation.
Main issue is people have been tricked into thinking they went to college and that somehow makes them "educated"
Probably 70% or more and even on this very board have absolutely worthless, overpriced degrees that never will give any ROI
They got tricked by the propaganda and marketing
And yet with all this money and what Obama turbocharged still only 1 in 4 even ever set foot into a college class and most all those largely wasted their time and clearly their money
You mix quite a few different things in there!
Some I agree, some may not a bit editorial for public policy in my opinion.
Is the cost of college ridiculously overpriced and br fixed, yes. Especially, Private schools.
Should degree choices be limited when using non-privste student loans , yes. Maybe not as much as you may want, but professional degrees and needed degree fields I have no issues there.
Is it Govt bureaucrat inefficiency? I don't think so, Govt workers don't set policy, that is elected officials. Electeds think because they win sn election they know best, they tend to muck things up when they stick their nose into details. I would bet you could ask a Dep of Ed staffer and they would tell you how to fix it, electeds won't listen.
I still think a more "educated" population is a good thing and more access to higher Ed is worth it. As I said before, my problem is with it becoming a profit center through interest rates. Paying for the cost of Ed is one thing, the interest is what ends up getting people.
Please separate the "I paid for my education collecting pop bottles, so no one should borrow money to go to school." Or the I am so great, "my finances are perfect, aren't I a shining example of what everyone should do, people taking loans are losers" from the public policy discussion. The two are not related. You cannot apply 1 persons experience to a population of 360 million. Just one person's opinion, sure most of THIS board disagree.