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Stop the federally funded student loan program and watch college tuition rates plummet to a far more affordable rate. Universities will be fighting for students. Student loans are the primary reason college and university tuition rates have skyrocketed in the last decade.
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You can't say that!!! It might make people get rid of a federal subsidy program, and then nobody will be able to go to college and the economy will collapse! So what if it's true and will work? Feelings are more important than thought. It's compassion that counts, not reason. Won't somebody think of the children!?!
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Perhaps the high schools should spend a little time teaching cost/benefit analysis.
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That would require actual teaching, not indoctrination to the culture of victim-hood.
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$60,000 in student loans to get a degree in general studies and they can’t understand why they can’t get a job with a starting salary of $70,000.
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What does a person with a liberal arts degree say? "Would you like fries with that?"
What does a person with a philosophy degree say? "Why would you like fries with that?"
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Wow! I never thought of that excuse when I attended college and worked 25 - 30 hours per week. But this is one dummy who graduated debt-free.Quote:
"Fagan tried to work while in college, but wanted to focus on her academics."
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I bought a house/car/boat/vacation and didn't realize I would have to pay it back, what do I do???? I co-signed and didn't realize I'm responsible too??? I bought an expensive car worth 80k (without a job) and didn't realize I had to pay it back. Maybe, I should of gotten a cheaper one, what do I do???
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My employees talk about it all the time, but they borrow so much that they can have spending money and bar money each semester, they prefer that over getting a part time job when they go back up to school. THAT IS A PROBLEM. I have known people that went on cruises and vacations with their loan monies that they now whine about being "unfair"
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Wow - this is NOT an issue for the national spotlight. Why? This is a decision that you the grad made. You decided to not do the math and not figure out if college was financially smart. I have ZERO sympathy for people who think that because you made a poor decision - We the People should pay for it. I have no issue that Congress should act to keep loan rates at a discounted level - even if it cost some extra money out of the government to keep them there. However that is about it. Your decision to do this. Not mine. BTW I put a kid through college and we DID look at the cost as well as the job he was looking for (Engineering) and what the job would get him pay wise. My advice - you may have a dream but it may not pay well - your choice is to find something that you can live with and earn money to pay off the cost OR join the military like I did and my other 2 kids have done to pay for school. Simple enough.
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Everyone notice that Barry & Michelle are all over the country campaigning to high schools & colleges! These students are forgetting or don,t remember at the Democrat Convention in 2008 he said"All colledge students should have their college tuitions paid for by the FEDERAL GOVERNMENT"! People stand there beside him & still take in all his Kool-Aid stories! :pepsi:
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I will be the first to say that tuition rates can be ridiculous... but I get sick of people taking out extreme amounts of money and then whining that they cannot pay it back. I went my first two years to a state school, and paid as I went (what wasn't covered by scholarship). I then transferred to a private school to finish my B.A. and start getting student loans. I still had only borrowed less than half of most of my friends. The difference is that a lot of students take out the max amount and pay other bills or buy crap instead of only taking what they need for their tuition. Add that to paying for classes they end up failing (never failed a class my entire college career so didn't waste money there either) and it adds up. Now that I am 5 years out of school I have paid back my loans adn I see other people that are around my age griping about theirs and how they should be forgiven... but they also have pics of their new car adn their most recent vacation out there, and I don't because I used every penny to pay off what I owed. Why should they be rewarded for being irresponsible? Who is going to reward people like me who knew that it was a LOAN and paid it back???
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We all sign loan agreements. Guess what, we made the loan agreement and have to live by it. Whether it be a home, auto, student loan, etc. we should all meet our committed obligations. Why does one take out loans for college? Because the majority feels that it will give them greater earning power through life. But will it give them happiness is the underlying question. No one said life would be easy!