Students Need Not Take Out Loans Anymore For Education.
TheR 2011/10/27 13:13:23
They should pay us to go to College. That becomes our job. It should not be about the poor student or student families who props up the University with borrowed money. It should be; how the University borrows the money to provide Students their job to go to their school.
This way the Money stays in the hands of the Institutions. It becomes the Universities obligation to assure students get jobs after graduation, or re-employ them for more schooling. Universities would only get the money if they get the students to work for them by going to their school.
The Federal Reserve provides the money to the Universities to pay the students to go to work for their University. This no longer is looked as Student Debt, but as Student Investment. It creates their job to be a student, and is supported as Students agree to make Federal Reserve their beneficiary.
How the Universities are able to repay the Federal Reserve, is their student workers take out Insurance Policies and pay the low premium fees each month while in school and after or whatever the time limit is. Upon it's time of maturity, the insurance is paid to the University in payment for the money the Federal Reserve provided the University for the students to work for them at studying in their University.
A Life Insurance Policy will work as well, but my idea is to create a New Student Education Job Insurance Policy, which students take out, to assure the University gets payment in kind for supporting the students Job as being a student attending their University or school of education.
This long term idea would bring real creditability to Accreditation, and to the meaning of being a Student who gets paid to go to a University. I am not for free education.
We the students should be paid to go. Then we need to determine how much a University is allowed to borrow to pay the students who go to work for them by studying at their University. This subjective number can be achieved by averaging cost ratio's across the country. I think this is how we should proceed.
This idea will change how we view Unemployment Statistics in the US. Students would be considered Employed, because the University is paying them to attend their Institution. With Low Unemployment Numbers in the Economy it brings greater confidence to the future, and this means better economic times.
And for the record this idea is a good idea to assure people have jobs in the future. Any work place/ small business/ even a job in Government can setup a plan to have employees come to work for them, if they take out this new idea Insurance Plan also called Employed Insurance Plan.
People are assured they will have good jobs and the money from the Insurance policy once it reaches its maturity date is paid to Employers after its time limit is reached..
Students need not take out loans any more for education, and people can have the security in knowing that they have a paying job for life. Presently the loan programs today in the United States put students highly indebted, creating a type of borrowed Welfare State Program. This needs to stop.
I have been fighting for this issue for 30 years now.
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