Since there are some OT'ers that are in college, figured this might be post worthy. Agree or disagree with Obama on this?

http://news.yahoo.com/obama-acts-eas...001017820.html

10%? Wtf, so we're going to allow 40 year loans and then wonder why our economic system is fucked?

edit** read further, now foregiveness after 20 years? Jesus christ this is terrible.

more do-nothing crap zzzz

Its also just printed up out of thin air so..

Ron Paul ftw!

"Students and parents won't be surprised to hear that the prices colleges and universities officially charge for tuition, room and board went up yet again this academic year.

It also probably won't surprise many students and parents that when grant aid, federal tax credits and tax deductions are factored in, the average net cost of getting educated is up much less. For example, net tuition and fees at a public four-year universities this year average $2,490 — up 1.4 percent from last year.
But here's the problem, as The Associated Press says: With federal lawmakers pressed to cut the federal deficit, "the days of states and families relying on budget relief from Washington appear numbered.""

http://www.npr.org/blogs/thetwo-way/...in?ft=1&f=1001

No. The problem is some dumbass reporter making baseless conclusions that editors rubber stamp and they get published a fact.

God forbid that families may have to rely on the tried and true economic principle of supply and demand rather than misplaced and unhelpful budget relief from Washington.

If government aid decreases, price will decrease because it will be real dollars from real people being paid directly from their own pockets. Therefore demand will go down and price will follow. How many times do we have to go through this same scenario before we realize that economic principles do not have an understanding of social planning goals.

it is absolutely fucking ridiculous to think that institutions of higher learning do not calculate in the amount of aid that a student will receive in determining tuition and the fee amounts. Government aid is nothing more than a transfer of taxpayer dollars to institutions of higher learning. This type of aid does nothing to assist students with the economic challenges of attending college.

Student loan debt now accounts for over $1 trillion in personal debt, having recently passed credit card debt to become the second leading cause of debt, second only to home mortgages.

 

Originally Posted by Willywoo

"Students and parents won't be surprised to hear that the prices colleges and universities officially charge for tuition, room and board went up yet again this academic year.

It also probably won't surprise many students and parents that when grant aid, federal tax credits and tax deductions are factored in, the average net cost of getting educated is up much less. For example, net tuition and fees at a public four-year universities this year average $2,490 — up 1.4 percent from last year.
But here's the problem, as The Associated Press says: With federal lawmakers pressed to cut the federal deficit, "the days of states and families relying on budget relief from Washington appear numbered.""

http://www.npr.org/blogs/thetwo-way/...in?ft=1&f=1001

No. The problem is some dumbass reporter making baseless conclusions that editors rubber stamp and they get published a fact.

God forbid that families may have to rely on the tried and true economic principle of supply and demand rather than misplaced and unhelpful budget relief from Washington.

If government aid decreases, price will decrease because it will be real dollars from real people being paid directly from their own pockets. Therefore demand will go down and price will follow. How many times do we have to go through this same scenario before we realize that economic principles do not have an understanding of social planning goals.

it is absolutely fucking ridiculous to think that institutions of higher learning do not calculate in the amount of aid that a student will receive in determining tuition and the fee amounts. Government aid is nothing more than a transfer of taxpayer dollars to institutions of higher learning. This type of aid does nothing to assist students with the economic challenges of attending college.

Student loan debt now accounts for over $1 trillion in personal debt, having recently passed credit card debt to become the second leading cause of debt, second only to home mortgages.

So whatsyour solution. People can still borrow money for college or not? Do you want to get rid of student loans, or just govt backed student loans.

i read this article last night...from what i gathered wouldn't this just cause the student to pay more interest bc of the longer life of the loan? i may be missing something, but that what i read into it.

Perhaps if the institutions reduced the opulence of their facilities, it might help as well. Ivy and marble, sprawling urban properties, landscaping and stadiums, all of these things are not particularly necessary to a student attending for academic interest. A lot of universities look like palatial remnants reflective of an era of exclusivity and elitism.

 

Originally Posted by Willywoo

Right on. More control that'll make it better.

Why are we constantly arguing about 'control' whenever anyone tries to add conditions to government funding?

OMG WHAT IS THIS COMMIE SHIT!!!!!!! FUCKING USSR OF USA!!!!

 

Originally Posted by Lord Supremo

wrt my debt? 3k/month for 10 years. Less if I can snag a clerkship and corresponding bonus, virtually 0 if by some miracle I can get SCOTUS. I feel like I know exactly what I'm headed for. Unless you're referring to something else?

Like I said, I wish you the best.

 

Originally Posted by Lord Supremo

wrt my debt? 3k/month for 10 years.

gl with that

hope your folks got money

 

Originally Posted by coolhandkev

I remember when I first clicked on "more details" of my student loan payment to see it is basically structured like a mortgage and the early years my $300 ish per month is like $200 interest. You live and learn, if I could do it again I would go to community college for at least 2 years and then transfer to some state school. As it is I went 4 years to a private school. Welp, gg $300 cash flow for the next 12 years.

Definitely this. Except my parents had a college fund for me so I didn't have to pay anything for undergrad. Saving money there would have allowed the fund to still contain money for grad school. I was in-state at a public institution so saved there a little bit, comparatively speaking, for my frosh/soph year, and then private for the rest of undergrad. Also studied abroad in England when the dollar pound was 2.1 to1, so life and tuition was insanely expensive. So that is why it is all gone. And I am now taking about nearly 70 Gs to pay for my grad school. Trying to get a scholarship for my second masters, otherwise double that number and then add my wife's SL debt. And we're talking 200k when all is said and done. Jesus fucking Christ.

 

Originally Posted by AbnormalQ

Definitely this. Except my parents had a college fund for me so I didn't have to pay anything for undergrad. Saving money there would have allowed the fund to still contain money for grad school. I was in-state at a public institution so saved there a little bit, comparatively speaking, for my frosh/soph year, and then private for the rest of undergrad. Also studied abroad in England when the dollar pound was 2.1 to1, so life and tuition was insanely expensive. So that is why it is all gone. And I am now taking about nearly 70 Gs to pay for my grad school. Trying to get a scholarship for my second masters, otherwise double that number and then add my wife's SL debt. And we're talking 200k when all is said and done. Jesus fucking Christ.

WHOA DUDE...you sure bout that?

get a job that will eventually pay for your further education (if you even need it at that point). i would seriously reconsider this if thats an option.

Obama: The Free Shit President