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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (945740)	7/8/2016 11:46:47 AM
From: Brumar89	1 Recommendation Recommended By FJB Respond to of 1587387

.... Seven of every ten graduating collegians owe money on such loans, and their average debt is currently about $28,950 per borrower—up 68% from a decade ago. During the Obama administration, the cumulative sum of all student loan debt in the U.S. has risen from $600 billion to almost $1.4 trillion, a figure that continues to grow by an astounding $235 million per day. .... Colleges and universities, reaping the windfall of this easy access to student-loan money, had no incentive whatsoever to keep their operating costs or tuition fees in check. Consequently, from 1985-2010 the cost of college tuition rose at more than 4 times the general rate of inflation. The gravy train was running in high gear. As Cato Institute scholar Tad DeHaven puts it, “[T]he rise in student subsidies over the decades appears to have fueled inflation in education costs.” ......... http://www.frontpagemag.com/fpm/263432/how-obamas-student-loan-policy-makes-college-john-perazzo People should not start out their careers deeply in debt. Don't borrow money to go to school. If you can't afford it, work and save till you can. And the government should keep out of it. Why should people who don't go to college pay taxes to send others? It's like making poor people subsidize Teslas and solar panels. It's evil and damn the Democratic party and the Republicans afraid to oppose Democrats for it.