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Forums - General - House Passes Sweeping Student-Loan-Market Overhaul

mrstickball said:
Echoing what everyone else has said.

More control over the student's choice of how to pay for education. What happens if the government can't pay for the loan? The student can't get it?

What if the student wants a loan for a college that he has no interest in, and is in a horrible position to be anywhere close to paying it back once done?

I can only see this hurting the taxpayer.

Well someone else here finally expresses my sentiment 100%...  What's new btw msb?



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Libertarianism, that's about it. I'm drifting further and further into the social and economic sector of libertarianism. Otherwise, non-political stuff like work :-p



Back from the dead, I'm afraid.

mrstickball said:
Libertarianism, that's about it. I'm drifting further and further into the social and economic sector of libertarianism. Otherwise, non-political stuff like work :-p

I hear that.



@halogamer

I agree with you 100% that this is a bad idea. I'm a small government guy, so when the government takes over any sector of course I'll hate it. I rather the government got out of loaning money to students and left it up to the private corporations.

There are a few things that I realize a private company couldn't run like managing roads and police force, but again, I'd rather have everything moved into the private sector.




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Orca_Azure said:
tombi123 said:
halogamer1989 said:
tombi123 said:
I agree with this policy. Maybe they should make the loans very low interest so it is easy for students to pay it back.

+1 to Barack Obama.

Maybe we should give everyone in the USA, legal or illegal, a free education to better the state and make everyone equal to level the playing field....oh wait - that would be a bit communist wouldn't it


An education should be available for everyone, not just those who can afford it.

How much does a year at University cost in the USA?

University can cost anywhere from a few thousand dollars to 24k with some of the more elite private schools easily pushing past 30k a year. The debt some people acrue can reach the 100k mark- (4 year bach degree + masters +doctorate). Schools are just so overpriced now that by the time some people graduate, they basically owe the amount of a house

:o Thats crazy. A year at Cambridge or Oxford (the UK's best universities) will cost you £3,145 a year, roughly $4,500. Basically there is a limit of how much a uni can charge in tuition fees.



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tombi -

To be fair, that's just your tuition. There's a bit more to it in the UK that makes it relatively comparable with the US. Living expenses are a bit higher in the UK than the US, so that does offset the cost of some colleges.

Plus, I wonder how much of your colleges are subsidized. Ours are not. They are self-sufficient.



Back from the dead, I'm afraid.

mrstickball said:
tombi -

To be fair, that's just your tuition. There's a bit more to it in the UK that makes it relatively comparable with the US. Living expenses are a bit higher in the UK than the US, so that does offset the cost of some colleges.

Plus, I wonder how much of your colleges are subsidized. Ours are not. They are self-sufficient.

This is true. 

Others beside the ones like u an I who understand this have to understand the Euro/UK view of govt in order to understand why the vast majority of Americans think smaller govt is best.  The Euro view states that the govt has a responsibility to take care of almost every aspect of a persons life from womb to tomb in order to "better" society.  The US believes that the govt should be limited in control and responsible to the people and not the other way around. 

We know this but most of the newer generations that just want to party and could care less don't and that is extremely unfortunate.



mrstickball said:
tombi -

To be fair, that's just your tuition. There's a bit more to it in the UK that makes it relatively comparable with the US. Living expenses are a bit higher in the UK than the US, so that does offset the cost of some colleges.

Plus, I wonder how much of your colleges are subsidized. Ours are not. They are self-sufficient.

I'd assume so.   Afterall foreign students to the UK pay over double the tuition costs.

For foreign students the price is nearly tripled.



If it wasn't for the private loan I took through chase I wouldn't have even gone to college. Ive been graduated for 4 years and am already student loan debt free because they offered lower interests rates than their federal competition (sally Mae).



Hell, years ago I looked into going to Draughons Jr. College (which is just a private run job training college) and for a two year course it was 30 thousand dollars. The local university charges slightly more (about 17-18k a year), and this isn't some top notch famous university. I know a guy that is just about to get out of medical school and be a doctor and he's 200k in the hole. Ironically in order to afford these colleges you need government grants (or wealthy parents). Other wise you're going to spend a decade or decades paying what essentially amounts to an extra mortgage payment in addition to all of your normal life expenses after college. Makes me wonder how many young "small government" enthusiasts took grant money to go to college without batting an eye.



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