For a number of years now, a number of critics of the American system of higher education have rightly insisted that there is a "bubble" in the system, with more and more students running up loans in amounts they will find difficult to pay back. This bubble has been fueled by the federal government´s lavish subsidization of the student loan program (which was nationalized four years ago), in a way similar to how the housing bubble was fueled by government agencies pushing subprime mortgages. This extensive government largess has produced a number of unintended
Comments: As I read this, it became clear to me that our basic school system is run the same way. You approve bonds and taxes for better schools to send your kid off to these colleges. But, the money is spent on the Teacher´s Unions that control the PTA´s and curriculum taught to your young ones. In retrospect, funding a failing school system began way before someone took out student loans.
Student loan debt is just another disincentive to work.They´ll track you down for a payment even if it´s on a sliding scale.Student collectors are among the most aggressive breed in loan collection industry.
I know a girl who took an online degree thing and got an extra $3000 out of the deal and blew it in a month.She dropped out or failed out after one semester and they´ve been hounding her for the money ever since.
Remember -- all these loans are ultimately guaranteed by the government.
Historically, this Administration has been quick to bail out, and thereby control, every aspect of the company they bail out. The laughably-titled education system will be no different. While there won´t be a formal "bailout" per se, there will be a complete takeover.
That means goodbye to school Boards who decide what will be taught. Goodbye to any influence parents have over their childrens educational material. Goodbye to what is left of accountability by students and teachers.
The good news for the Left is that this means hello to Iranian-type indoctrination-propaganda, even worse than what they are now.
It won´t be long before American public schools, mm, mm, mm, will be Muslim-run America-hating machines turning out little burka-shrouded soldiers shrieking "Death to Jews! Death to Christians! Death to Infidels! Death to America!"
Too histrionic? Did anyone on the Left foresee four years ago what has happened to America?
They borrowed it, make them pay. In the future loan rates and amounts should be based on the eventual worth in earnings a particular degree will generate. Doctors, lawyers, engineers low rates and lots of bucks. Teachers, social workers, ball bouncers not so much money and higher rates. These latter folks are not needed and will never earn the salaries necessary to pay back hundred thousand dollar loans. They are a poor investment.
Exactly #3 - this Administration is intent (and accomplishing it) on fundamentally changing this country. With few exceptions, opponents to Obama act as if he´s just ill informed, misguided, in over his head. As if they can rationalize and debate with him. It´s his way and only his way.
I see it over and over. 20-something ´single mom´ loses low-paying job….probably because she misses work too often…can´t find a job that pays enough to pay baby-sitting fees…..´goes back to school´ which entitles her to the student loan program from which she buys a car, signs a lease to a $1200 apartment with a live-in, jobless boyfriend…takes a minimum load curriculum….looks forward to the $4000 ´tax refund´ in January…and gets pregnant again. As Judge Judy says: "Isn´t America wonderful!"
There is a woman in my van pool who brags that her husband is going back to school for another Master´s degree, since he can´t find work with the other 2 Master´s degrees. She said that between her college loans and the 2 more years of her husband current schooling, they will be in debt to about $140,000.
Sadly, kids are flocking to these schools in the false belief that by attending and getting a worthless piece of paper, they´ll be getting ahead in life. The outrage will come when Obama ´forgives´ all student loans (read ´bailout´) with the tax dollars he´ll be collecting from us all. But he´ll convince the press to call it money from the rich fat cats to bail out the poor students
US Secretary of State John Kerry reiterated on Sunday that Israel will be safer the day the recently-reached deal on Iran´s nuclear issue is implemented. Kerry, addressing the Brookings Institution´s annual Saban Forum, recognized Israel´s concern over Tehran´s disputed nuclear ambitions, saying the possibility of a weaponized nuclear Iran stood as an existential threat to Israel. "We will not allow Iran to acquire a nuclear weapon. Period. Not now, not ever," he said.
Los Angeles - The California health exchange says it´s been giving the names of tens of thousands of consumers to insurance agents without their permission or knowledge in an effort to hit deadlines for coverage. (Snip) Officials with Covered California, the exchange set up in response to the federal health law, said they began providing names, addresses, phone numbers and email addresses if available this week in a pilot program. They said they thought it would help people meet a Dec. 23 deadline to have health insurance in place by Jan. 1. The state doesn´t know exactly how many people
The “feminist nightmare” is recurring. Unbowed by Politico labeling her with this epithet a couple of weeks ago, Michelle Obama continues to do what her critics regard as frightening behaviors. Last week, she assaulted independent women by showing off the White House Christmas decorations. “Our goal is for every room and every tree to tell a story,” she explained to an audience of military families in the East Room, where her two-tone gray dress matched the silver ornaments on the trees. She spoke of Christmas trees made from stacks of books (“they’re very cool!”) and described the “first dog display”
Anyone who’s ever gone on a diet is told to lay off the booze because it’s high in calories. And that, of course, must make it very fattening indeed. Go onto the NHS Direct website, and you’ll be told a glass of wine contains as many calories as a slice of cake. Or if you prefer beer, the British Nutrition Foundation reminds you two pints are roughly the equivalent in calories to a full glass of single cream. So you may be surprised to learn that there’s no scientific evidence whatsoever to support the idea that alcohol makes you on weight. That’s hugely counter-intuitive, I know, because alcohol certainly is said to contain lots of calories.
President Barack Obama sounded a nostalgic personal note Sunday night and offered a rare self-assessment while criticizing congressional Republicans as an "impediment" to governing during the start of a West Coast fundraising tour for the Democratic Party. Obama told donors the sight of Mt. Rainier illuminated by a setting sun was particularly special because it reminded him of his mother, who attended high school in the Seattle area. "I feel the spirit of my mom," he said. He also attempted to contrast himself with Republicans who control the House of Representatives, saying they are "more focused on positioning themselves for
Los Angeles - Rather than thanking a list of friends and colleagues, Macklemore & Ryan Lewis used their American Music Awards acceptance speech to send a message of tolerance on Sunday night. Ben Haggerty, the rapper known as Macklemore, accepted the award for favorite rap/hip-hop album, then quoted Martin Luther King Jr. in a live satellite feed from the rap group´s latest tour stop. "Due to the fact that we are in Florida tonight accepting this award I want to acknowledge Trayvon Martin and the hundreds and hundreds of kids each year that are dying due to racial profiling and the violence that follows it," he said.
China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change. The two countries insisted on single-word changes for a deal at a United Nations conference involving 190 nations on Nov. 23. Instead of making “commitments” to roll back fossil fuel emissions, they signed up for “contributions,” a formulation that allows more flexibility in their action. Those last-minute revisions at a meeting that ran overtime by almost 30 hours underscored the reluctance of China and India to join in the sort of emissions
More young men in California rise in pitch at the end of their sentences when talking, new research shows. This process is known as "uptalk" or "valleygirl speak" and has in the past been associated with young females, typically from California or Australia.But now a team says that this way of speaking is becoming more frequent among men.The findings were presented at the Meeting of the Acoustical Society of America in California. "We found use of uptalk in all of our speakers, despite their diverse backgrounds in socioeconomic status, ethnicity, bilingualism and gender," said Amanda Ritchart, a linguist at the University of
How do you get your arms around the catastrophe known as Obamacare? Is it even possible? At this point, I’m not sure it is. The list of individual disasters which threaten to ruin one-sixth of the U.S. economy and what has been, up until now, the best healthcare system in the world is exhaustive, and exhausting. The examples I will identify here barely scratch the surface. First but by no means foremost, we have the supposedly new and improved HealthCare.gov. Except it’s not, even the visible part. Stories still abound of people still failing to get in or to get through the enrollment
The question all week long was this: Who are you going to believe, an illegal alien or the president of the United States of America? Obviously, if it’s a president who once went by an alias, Barry Soetoro, you go with Uncle Omar, 100 percent, no questions asked. And so it was that the White House finally admitted to another, uh, misstatement — despite previous denials, Barack/Barry did sleep on his beloved Uncle Omar’s couch in Cambridge when he first moved here to attend Harvard Law School (speaking of which, we’re still waiting to see the president’s grades and his LSAT scores). But the
DAVID CORN: I saw a president who remains frustrated with the political-media culture that he has to work within, and that he´s looking to rally people, students here, and supporters, and people within the media. CHRIS MATTHEWS: But David Corn, you skeptic. He came to us today. He came amongst us. CORN: He´s trying to rally people behind this vision that he´s been promoting for a couple years. FINEMAN: By the way, he did it the end here, today, Chris, not by defending specifics, but by explaining why he´s in the game to begin with. And I don´t know about you, he´s
The National Highway Traffic Safety Administration has announced a new five-year strategic plan to improve safety for elderly drivers and passengers. Although they are statistically among the safest on the road, the number of older drivers is increasing dramatically — and with it, that group´s numbers of injuries and deaths. Since 2003, the population of older adults, defined as age 65 and older, has increased by 20% and the number of licensed older drivers increased by 21% to 35 million in 2012, according to NHTSA. Last year, NHTSA reported that 5,560 people older than 65 died and 214,000 were injured
The most curious thing of all about the November jobs report released on Friday was the huge drop in the unemployment rate — and the fact that the Labor Department chose not to disclose that the data going into that figure are under investigation for falsification. On Nov. 19, I broke the news in my column that the Census Bureau, which collects data that goes into the jobless rate on behalf of Labor, had caught one of its enumerators fabricating interviews in 2010. The culprit said back then (and to me during an interview) that he was told to do so by
7. On the U.S. war with Iraq: “If there is a country that has committed unspeakable atrocities in the world, it is the United States of America. They don’t care for human beings.” Via cbsnews.com 6. On Israel: “Israel should withdraw from all the areas which it won from the Arabs in 1967, and in particular Israel should withdraw completely from the Golan Heights, from south Lebanon and from the West Bank.” Via jweekly.com 5. On the U.S. war with Iraq: “All that (Mr. Bush) wants is Iraqi oil.” Via cbsnews.com 4. Mandela on Castro and the Cuban revolution: “From its earliest days, the Cuban Revolution has also been a