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I'm sorry, but where did you learn that the "free market" involves the government subsidizing student loans?
thats the definition of the free market system reaching a point of equalibrium.
If that is true, then we need to concentrate on creating more jobs, and higher paying jobs. Seems to me that college isn't the problem, it's the economy.
Since the begginning of the recession, college student enrollment has increased mostely due to a lack of jobs. It's only logical, and I have to argue that it's a good thing to have lots of people becoming educated.
If college enrolment starts to drop, then unemployment will only increase as we add substantially to the number of people seeking jobs. If colleges start reducing their spending, that will additionally add to the unemployment problem.
Are people better off sitting on the couch or getting an education?
Typical socialist thinking. Talk about putting the cart before the horse:roll:If that is true, then we need to concentrate on creating more jobs, and higher paying jobs. Seems to me that college isn't the problem, it's the economy.
I think a 1 time mass student loan forgiveness package would do wonders for our economy since that is the prime wide-spread consumer demographic. Let people not pay any loans and they will buy iPods and crap.
Let me get done with my undergrad first.
That's over $10k in free cash for me.
My current school doesn't do student loans, because the cost of attending is low.
My next school is pretty cheap, but does do the student loan thing.
Works for me. It'll take 2 years to take back the Senate and 2 more than that the WH, so study, study study
Awesome.
The cool thing about subsidized student loans, is that you can take them whether or not you need them.
The taxpayer, unfortunately, covers the interest.
If you play it smart though, you can earn interest on the loan money, rather than pay interest.
Awesome.
The cool thing about subsidized student loans, is that you can take them whether or not you need them.
The taxpayer, unfortunately, covers the interest.
If you play it smart though, you can earn interest on the loan money, rather than pay interest.
Not really. Federal student loans are now directly offered by the government. The CBO says that the taxpayer MAKES money from the student loan program. I know that Sallymae made some money off of my student loans.
They make money off the interest. If all student loans are forgiven, no money would be made.
Not really. Federal student loans are now directly offered by the government. The CBO says that the taxpayer MAKES money from the student loan program. I know that Sallymae made some money off of my student loans.
Or it will create lots of revenue as a byproduct
of the velocity created over 20 years of people not having to pay banks who sit on the money in favor of McDonald's and Target.
China is loving that idea. A big bump to their manufacturing base.
Down right silly. Maybe you should read the work before actually commenting on it. Btw.. It's the top 10%, not 5% as you claim. And here's some interesting facts for you about "money". If you used 2011 dollars to buy something that cost $1 in 1972, you'd need $5.30 in 2011 dollars. So $40 trillion measured in 1972 dollars would actually be $7.52 trillion. It's called inflation. Now what do you call a period of inflation and very little growth (stagnation)? Stagflation. Welcome to the 1st world economies since the 1970s. Wanna see real growth.. go to the 2nd world and 3rd world which can actually add wealth through creation.
The highlight is listening to Republican and former Ronald Reagan budget director, David Stockman, describe the “demagoguery” of modern, tax-cut-obsessed body politic.
Stockman cites a remarkable statistic: “In 1985, the top five percent of the households – the wealthiest five percent – had net worth of $8 trillion – which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five per cent have gained more wealth than the whole human race had created prior to 1980.”
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