And that's the issue with this. Not doing it because at least the democrats try to help non millionaires, its that they didn't do anything to actually address the problem. It's immigration all over again. Either fix the problem or you are part of the problem.
I will say after the last 4 Trump years I don't want to hear a word from any republican about the spending. You'll just need to shut up.
What is the problem you think is being fixed? Fiducial responsibility by our government would involve actual work to ensure any student loans were vetted as good investments - not vote buying.
I just bought a new house in a retirement community that I could pay cash for several times over. Because I am in my 80s, I chose to get a mortgage to preserve capital. I figured my son who is nearing retirement could eventually assume ownership or sell it, if need be, to help take care of his mother. The paperwork and man hours required to vet my ability to pay were staggering. Shopping for mortgages was no relief because thorough vetting is a federal requirement in response to an earlier recession. The Feds should exercise at least as much responsibility in vetting tuition loans. Otherwise, lackadaisical students will coast to a useless college degree with a 4.0 average or enroll in some grifter's program of study that exists only because of federal tuition guarantees.
The federal government has no business in the education or loan business. Federal guarantees increase the cost of tuition and do not guarantee any useful results.
How do you vet people who have no life history to vet? That's the thing about student loans. You can't make a solid investment unless you tie generational wealth to the ability to go to college.
The problem isn't the people getting loans, the problem is the amount of money they have to borrow. The amount of interest most are paying, and the fact that you cannot bankruptcy your way out of it. This order does sort of address some of these problems but it doesn't do enough IMO to justify a one time buyoff.
And you are wrong. The government should ensure everyone gets an education or a trade.
The courses of study could be vetted. Even less useful curricula could be allotted just like cotton acreage. But the federal government should stay out of it. Universities should be incentivized to offer only useful degrees that lead to employment. If they are honest in their assessment of values, they could offer student loans that give them a rate of return just like other lending institutions. Knowledge only for the sake of knowledge is an individual decision with no national value.
The federal government should have no role in education. That is a function of the states. Federal tuition loans and programs such as HOPE scholarships are the primary reasons for the cost of education increasing far more that inflation.
Next Week's News:
Colleges and Universities inform incoming students that tuition will be hiked $2,500 because of *mumble*mumble*mumble*.
And that's the issue with this. Not doing it because at least the democrats try to help non millionaires, its that they didn't do anything to actually address the problem. It's immigration all over again. Either fix the problem or you are part of the problem.
I will say after the last 4 Trump years I don't want to hear a word from any republican about the spending. You'll just need to shut up.
What is the problem you think is being fixed? Fiducial responsibility by our government would involve actual work to ensure any student loans were vetted as good investments - not vote buying.
I just bought a new house in a retirement community that I could pay cash for several times over. Because I am in my 80s, I chose to get a mortgage to preserve capital. I figured my son who is nearing retirement could eventually assume ownership or sell it, if need be, to help take care of his mother. The paperwork and man hours required to vet my ability to pay were staggering. Shopping for mortgages was no relief because thorough vetting is a federal requirement in response to an earlier recession. The Feds should exercise at least as much responsibility in vetting tuition loans. Otherwise, lackadaisical students will coast to a useless college degree with a 4.0 average or enroll in some grifter's program of study that exists only because of federal tuition guarantees.
The federal government has no business in the education or loan business. Federal guarantees increase the cost of tuition and do not guarantee any useful results.
How do you vet people who have no life history to vet? That's the thing about student loans. You can't make a solid investment unless you tie generational wealth to the ability to go to college.
The problem isn't the people getting loans, the problem is the amount of money they have to borrow. The amount of interest most are paying, and the fact that you cannot bankruptcy your way out of it. This order does sort of address some of these problems but it doesn't do enough IMO to justify a one time buyoff.
And you are wrong. The government should ensure everyone gets an education or a trade.
The courses of study could be vetted. Even less useful curricula could be allotted just like cotton acreage. But the federal government should stay out of it. Universities should be incentivized to offer only useful degrees that lead to employment. If they are honest in their assessment of values, they could offer student loans that give them a rate of return just like other lending institutions. Knowledge only for the sake of knowledge is an individual decision with no national value.
The federal government should have no role in education. That is a function of the states. Federal tuition loans and programs such as HOPE scholarships are the primary reasons for the cost of education increasing far more that inflation.