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They shouldnt go into debt, but somehow everyone else should for their benefit, yeah, got it.. Hey, why dont we all buy them houses as well... Woo Hoo, I mean why should they have the stress of housing payments as well..
You seem to be catching on. Maybe one day a student you help will develop a business and that even you could learn to do.
You seem to be catching on. Maybe one day a student you help will develop a business and that even you could learn to do.
I actually have an intern sitting at the desk next to me writing code. He's WORKING to pay for his college, while contributing to a business I started 11 years ago..
I think its you who needs to catch up to reality that the US cant afford to give everyone everything. I got an idea, maybe they should cut into your social security check to help pay for their education. I bet you change your mind then...
So what you are saying is that these people dont need to go to college. Odd considering you think we should be paying for something you think they shouldnt be doing.
p.s. Edisons education came from trial and error. If there was a book on how to do what he was doing, then he wouldnt have been the inventor, would he?
Your response, like so many RWers, demonstrate the lack of understanding of the value of education. It is not a direct value to you or me, it is an indirect value to society. Don't feel bad that you don't understand, you have quite a lot of company in that.
The rate should be 200 basis points above the discount window rate unless they pay late in which case it should be 10% above the discount rate. Don't hurt the good kids.
I needed about 10k a year of Stafford loans to pay for college, now that I’m graduating this spring my school requires my department to take a internship course which is 12 credits. Since I already exploited my 4years (8 semesters) of Pell grants, I need to loan my total tuition for my internship, which is 5k. I attend a small state university that isn’t expensive as most big universities (about 16k yearly) so I’m not in as much debt as some people who went to the Penn States & University of Pittsburgh. So I have to take a 5k Stafford loan for my internship FML!!!
But anyways; sorry republicans I don't have an extra 5k in cash laying around maybe I should drop out and work at Wal-Mart! GOP you suck!
Whatever issues you may have with your school's curriculum is something you should take up with that school, not the American tax payer.
Your response, like so many RWers, demonstrate the lack of understanding of the value of education. It is not a direct value to you or me, it is an indirect value to society. Don't feel bad that you don't understand, you have quite a lot of company in that.
You just argued that college wasnt needed by using Thomas Edison as an example, furthermore, no one is arguing against education.
Apparently 312 Million, enough for each American to experience a bubble and its negative effects up close and personal.
Bubbling...
Mircea
So it can be an election issue in 2016?
Guessing...
Mircea
Hotel Management? Are you freaking serious? You want me to be on the hook for that?
Howard Johnson started and successfully ran an entire chain of motels across the United States and the guy never even finished the goddam 6th Grade.
You have not less than 6 years' more worth of education than he did and you are floundering and haven't' even opened your first hotel yet.
How sad is that?
I have a better solution. If the Hotel Industry wants people, they can pay an educational psychology consulting firm to devise an aptitude test, use the aptitude test to screen applicants, and then the Hotel Industry can administer the test, have a test-scoring firm grade it, and then select people to train, and they can live in the damn hotel while they train.
Then start proving it, because to date, you haven't shown us anything. All you've done is stand around with your hand out looking for other people to pay for something you might not even be qualified to do.
That goes in tandem with your first point and it illustrates the problems that arise when government interferes with the Laws of Economics, and in particular, the Law of Supply & Demand.
If the government did not guarantee Student Loans, then it would not be interfering with the Laws of Economics. However, if the government simultaneously fixed the interest rates for such loans without backing them, what would happen?
Significantly fewer loans would be issued.
Interest rates are set by Supply & Demand, just like the prices of all goods and services (and lending is a service). If the government then forces loans to be made at below market rates without backing them, the lenders are then forced to assess risk at a much greater level, and the result would be fewer loans issued, and those loans that were issued would all require co-signors, like the parents, since those having 18 years typically have no credit history.
The government backing the loans takes the parents off the hook.
If the government stopped setting the interest rate at below-market values, then the interest rate would rise to probably the 12%-18% range.
At least initially. Once the demand for student loans declines, then interest rates would decline proportionally.
Lenders have a limited pool of money, and everyone competes for that money, and that competition is what sets the interest rates for loans (of any type). More people competing for very few dollars causes the interest rate to rise, while fewer people competing cause it to drop.
When the government backs the loans, then you violate the Laws of Economics by artificially increasing the pool of money.
I think ignorance is a factor here. They don't understand that the corporate/business/service world has dumped the responsibility of training onto the tax-payers.
No one went to college for a nursing degree. You applied to an hospital, who would "hire" you as a student, and you worked for the hospital while simultaneously obtaining your degree in nursing, and more often than not, upon graduation, you got a job with the hospital (or an affiliated hospital).
Before there were law schools, and before law degrees were required (and that was just 40 years ago), law firms trained their own. That's how you became a lawyer. You started as a file clerk, and then worked your way up to paralegal and then you were physically in court with the attorney and then you would take the BAR exam.
Where you have highly specialized instruction, like Hotel Management, the Hotel Industry needs to be selecting and training people for that.
What's next? An MCSH -- Master's in Cruise Ship Hospitality? A Bachelor's in On-Line Gaming Management? Maybe they can double-major and get a degree in Casino Operations and then a Master's in Gambling.
Concurring...
Mircea
Yes, I am well aware that the American Stupid Class is the dumbest Middle Class that has ever existed in the history of the Universe (including parallel universes and multi-verses that theoretically may or may not exist).
It would seem that there is an endless supply of incredibly stupid people.
Spoiler
No, I would rather have them act intelligently and apply common sense, assuming that's even possible.
You just argued that college wasnt needed by using Thomas Edison as an example, furthermore, no one is arguing against education.
I was responding to an idiotic post trying to say certain courses of study are worthless. You are complaining that you should not have to contribute to some unknow person's education. The fact is, while you were running around sporting your new pocket protector, I, or someone like me, was contributing tio your education. You are starting to make me feel my efforts were wasted.
Originally Posted by florida.bob
When we run a deficit, anything the Govt pays for is partially paid for by borrowed money. Is there some point you are trying to make? Now Boehner says the extention of rate reduction can be paid for from ACA "Slush Fund". Now there is some "good" Repub leadership for you. What is that "Slush Fund" he is talking about?
A Government Accounting Office report released this morning shows, quite starkly, that there simply is no experiment being conducted, just money being spent. Understandably, the GAO recommends that HHS cancel the project.
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