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Consider for a moment that banks get money at lower rates than individuals who take any kind of loan, let's say 2%. Okay.
Government and private student loan companies charge students 8 to 9% interest on loans.
How is anyone okay bashing students for taking out loans to go to school to become a doctor to help people over bashing the banks and the systems we have in place allowing this to happen.
Just saying...
I agree, the government should not be involved at all. It is an unconstitutional expenditure.
I am not for cancelling student debt but I am certainly for some kind of way of mitigating the damage that this debt is doing and has done to me financially.
My initial thought is that if an employer requires a degree from an employee (like all of my IT jobs and my teaching career) that the employer pick up the student loan payments for the duration and then once the student loan is paid off the employee gets a raise equivalent to the payment that the employer was making. My reasoning here is that I have several times taken positions that "required" a degree in my degree field then the work was easily preformed without said degree and of course the pay was far below what it should have been for the "requirements" Additionally, higher education is VASTLY over priced.
Universities are wallowing in cash, primarily because the government picks up the tab without penalty for meaningless degrees. Gender studies, art or music appreciation degrees should be strictly cash only.
Personally, I think that if you can't get a loan from your bank to attend college and the college itself won't do it, you should find some other line of work. We've got a glut of "service" jobs and not nearly enough labor jobs IMHO.
The university already has the money, the results are irrelevant to them. There was a big outcry against for-profit places however not a peep against "non-profit" universities charging $250k for an MFA degree (WSJ had an article about Columbia doing this), a degree that one grad used to get his job at Charbucks.
It is the same reason our Puppet-In-Chief's Marxist handlers allowed unconstitutional open borders to allow the invasion of five million illegals to date.
Yep. five million to date. That's what I read somewhere both yesterday and today. And that's only those who were counted coming in.
We The People are supposed to pay for all that criminality too.
But the colleges see all this free loan money and lower their requirements so that any idiot can get in and hand the college cash for vastly overpriced books, substandard housing, overpriced meals and a subpar education.
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