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Essentially, government subsidies of student loans have created the same problems that government subsidies of mortgages have. Just as the subsidization of mortgages made it easier to buy homes, thereby encouraging price escalation, making it easier to pay for college created a market where tuition could grow at roughly triple the inflation rate over the past four decades, until it has now become a bubble.
Correct!!!!!!!!!!!!
We should end ALL government subsidies, including farm products, energy, education, etc.
A good education gives the next generation the ability to solve problems, clean up the mess we are leaving them, and help us when we are old and feeble. The least we can do as a nation is to give our children an education without enslaving them in debt. Education should be free for all who want it.
$7.50 an hour? My 16-year-old daughter makes $10 an hour just baby-sitting. Show me an 18-year-old who is making $7.50 an hour, and I'll show you someone who isn't trying that hard. Heck, mow two yards a day for $50 a pop during the summer, and you've made $5,000. .
Yes. I pay a gardener $15 per hour. But I'm sure a lot of college kids don't want to pull weeds for $15 per hour.
Yes. I pay a gardener $15 per hour. But I'm sure a lot of college kids don't want to pull weeds for $15 per hour.
Most college kids I know would gladly pull weeds for $15/hr. Your gardener is overpaid. My daughter made $10/hr at a day care center, taking care of people's kids, and she got a premium for having a college degree.
The student loan "industry" IS pretty messy, but I know that some people can only go to school via student loans. HOWEVER, this IS about FEDERAL student loans; there are tons of private/corporate student loans out there for people to choose from. Yes, they are more expensive, but that's just capitalism. There is a lot of money spent in the federal student loan program that doesn't get paid back.
So loans, money given to kids by the govt, that they don't have to repay is OK?
Ron Paul proposed eliminating Federal student loans. I agree with him.
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