Calling all College Students! Should The Government Bail You Out?
Chole
2010/02/22 18:18:22
When I graduate from college, I'll be $60,000 in debt. According to the Huffington Post's ongoing investigation into rising tuition costs, that's not much of a shocker for a student at a private university.
American students have borrowed over $527 billion to attend college, and student loan accounts in the U.S. have peaked at 69 million. The average debt of a college graduate is $23,200. With college degrees being a common prerequisite for employment, it's become standard for Americans to be knee deep in debt before joining the professional work force. And that's a recent development.
So, should the government pitch us college students a cookie and help bail us out of debt?
American students have borrowed over $527 billion to attend college, and student loan accounts in the U.S. have peaked at 69 million. The average debt of a college graduate is $23,200. With college degrees being a common prerequisite for employment, it's become standard for Americans to be knee deep in debt before joining the professional work force. And that's a recent development.
So, should the government pitch us college students a cookie and help bail us out of debt?




















Stop crying about life being "unfair"! Everyone knows there is no such thing as fair!
Knowing students, could obtain taxpayer guaranteed loans, to attend college, has allowed these institutions to constantly raise tuition, charging as much as they can get away with. And with the present administration's promise to add more tax dollars... the cycle will continue.
End these subsidies now! they crush students and their families with excessive debt, for a product that could be done more efficiently... in less time, using modern digital methodology. Those hallowed Ivory halls, are overpriced, and filled with part-time professors and student teachers doing most of the work, anyway!
Our community colleges do a better job, with less money!
let's face-it... college is just a way to party, and delay adulthood... with a drop-out rate, and student loan default rate they don't want to share with you!
Time to evolve the university system, in to a more efficient machine! Remove their govt. guaranteed money supply... force them to improve... or shut-down!
its free in most of the world
Need I say any more about what I think about the situation.
if you didn't you will say they should :)
Then I applied to college, got in, and worked my way through. No spring breaks in Florida, just hit the books and work hard. It paid off since I received a lot of scholarships, made a lot of connections (many of which I still have today), and earned enough money to cover most of my expenses. It took me a little longer to finish – 7 years – but when I received my Master's degree I was only $2,100 in debt. I paid that off in less than a year, then took a three-week trip to Europe (my first) as reward to myself.
Too many students don't take college education seriously enough, nor are they willing to make the sacrifices necessary to take full advantage of their time in school. Personally, I resent the idea of a bailout for college students. Why? Because I got my degrees the old fashioned way: I earned them.
I actually would like to see our Mothers/Fathers - Grandmothers/Grandfathers get a bailout - - for (imo) THEY are really getting shafted in this economic downturn. . . . .
If you want to go to college you need to pay for it, I already suffered the blood, sweat, tears, and callouses to pay for mine.
What you are really asking is do we want the government to take a dollar from one American who earned it and give it to another who didn't? The answer to that is a resounding NO, don't be a BUM, pay for your own education.
Part of the reason costs got so high in the first place is that the government began subsidizing college attendance with grants and subsidized loans. So this cut the out-of-pocket cost in the short run, but in the long run the out-of-pocket cost returned to where it was before. So people were paying as much as they were before, plus any govenrnment grant money, plus loans; a net loss for the college student. The cycle kept on and people kept paying because college degrees are, as the poster stated above, a "common prerequisite for employment." Inflexible demand + government subsidy = skyrocketing costs.
Which is why more and more people are electing not to pay the cost (such as keep the crappy job and stay on welfare-type programs to feed their family) or find alternative means to pay, such as join the military and get your tuition direct-billed to the government.
That goes with the politicians, too.