Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This might just be the end of those $200,000 gender studies degrees ..
—-
Washington (CNN) — The Trump administration urged Congress Monday to put a cap on student loan borrowing, one of several proposals for updating the Higher Education Act.
"We want to encourage responsible borrowing," said a senior administration official on a call with reporters.
Some research suggests that unlimited borrowing may encourage colleges to drive up the price of tuition.
Trump shouldn't be caping them, he should be ending them entirely. Wherever stolen taxpayer money goes, distortions and inflation abound. See home ownership and healthcare for further examples.
Trump shouldn't be caping them, he should be ending them entirely. Wherever stolen taxpayer money goes, distortions and inflation abound. See home ownership and healthcare for further examples.
They’re loans, please spare us the diatribe.
And I actually don’t disagree with the premise , but I am interested in the details.
I work in higher education and the amount of students "hanging out" getting multiple useless degrees is stunning. A lot of them will openly state they have no intention on paying their loans back......
College administrators are shaking in their shorts hearing this potential "cap" news though. The fountain of guaranteed free money might be finally drying up......
This might just be the end of those $200,000 gender studies degrees ..
—-
Washington (CNN) — The Trump administration urged Congress Monday to put a cap on student loan borrowing, one of several proposals for updating the Higher Education Act.
"We want to encourage responsible borrowing," said a senior administration official on a call with reporters.
Some research suggests that unlimited borrowing may encourage colleges to drive up the price of tuition.
The college education system has become a ponzy scheme. Loans are given out like candy. People are not even smart enough to attend college, and colleges jack up their tuition costs to grab the government loan $$$$$$$$
Why is it the students are blamed and not the banks who saw this as a way to lend money the government would lean on people to pay back and garnish wages to get for them?
Why not blame it on colleges for charging ridiculous prices for tuition when our society damned near requires a degree for something, even if it's being an auto mechanic?
Why are college students, most of whom began borrowing when they were barely legal adults, the ones who get badmouthed?
Our country sucks sometimes. It really does.
__________________
When in doubt, check it out: FAQ
I have an uncle that actually never finished a degree and he almost never went to class consistently... He borrowed the money to have a lifestyle and paying it back now and regrets it...
I work in higher education and the amount of students "hanging out" getting multiple useless degrees is stunning. A lot of them will openly state they have no intention on paying their loans back......
College administrators are shaking in their shorts hearing this potential "cap" news though. The fountain of guaranteed free money might be finally drying up......
Just another reason “student loan bailout/forgiveness” is a NO
I have an uncle that actually never finished a degree and he almost never went to class consistently... He borrowed the money to have a lifestyle and paying it back now and regrets it...
For every story like this one, there are dozens of stories about people who used that money for school and for expenses related to school because they could not afford to attend college WITHOUT loans.
This is especially true for young, single mothers... largely out there trying to better themselves so they can get good jobs and take care of their kids.
Damned if they do and damned if they don't, but don't let them try to get an abortion because they're damned then, too.
People basically suck.
__________________
When in doubt, check it out: FAQ
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
