Skip to main content

Student Loans

Last night on PBS Gwen asked her guest if her comments meant transferring the burden from students to the tax payers.
I could not believe her words. When did we decide that students were on their own to pay for their own higher education? When I went to college there was no higher order of good than educating our children. Education was a public infrastructure shared by the entire community. The cost is too great for families to bear alone, never mind expecting our children to pay for it themselves.
 Privatization was a cynical way of removing the cost of education from the state budget.
  • Providing for student loans, so that students could pay for it all themselves, shifted the tax burden to disenfranchised minors.
  • Doing so, also removed all tuition restraints against runaway tuition increases. 
  • My point is that higher education is indeed a common necessity shared by us all, a common infrastructure which needs the support of a common tax base, for to call it anything else, it remains a tax, now born exclusively by the very few pupils still willing to pay. 
  • Whether we like it or not, whether politically correct or not, we are in competition with the rest of the world for our survival as a society and as a nation. The world population growth makes it so. 
  • Our primary education system has fallen behind the rest of the world.
  • The high priced higher education system, however, attracts students of rapidly developing nations, not all with friendly intent.
  • We find ourselves educating our competition at the expense of our own with the devastating effect of further shifting graduate level jobs to foreign countries as their students return home.
  • Lastly and most tragically, as our graduates find that they must default on their loans, it creates a "sub-prime" student loan crisis nearly identical to the sub-prime mortgage crisis.
 The only solution would be for states to ante-up for low tuition and make the colleges semi responsible for finding jobs for students struggling to find employment sufficient to pay down their loans. Privatizing education as with public health is a bad idea.

Comments

Popular posts from this blog

Utopia

The Devil promises a utopia of worry-free egalitarianism beckoning you to an Orwellian hell of despondency. Its a matter of giving or taking. Work for your family and community supporting the common good, or take from the wealth of those who produce and promise benefits to those who do not and those destroyed by the theft of their own creation.

Election 2024

The November 2024 election presents a significant challenge, transcending the traditional Democrat versus Republican divide. This election will determine the future of the American Republic, Western civilization, and potentially the survival of the human species. Plato suggested that democracies tend to devolve into oligarchies, and we are witnessing that transformation before our eyes. Three major trends in the U.S. threaten to replace our Constitution and representative government with a totalitarian, internationalist, socialistic oligarchy. First, seventy years of Soviet subversion, the Vietnam War, and generations of youth who were taught to reject American institutions have undermined U.S. leadership. Now, Chinese espionage, bribery, and infiltration further contribute to the erosion of America’s traditions of citizenship, enterprise, and prosperity. Second, NGOs in Washington, an entrenched bureaucracy, and organizations like the Trilateral Commission prioritize internation...

Inflation

Many retail investors buy individual stocks with growing confidence in a narket that has a long run. Many fail to appreciate the way the market reflects inflation. Company revenue consists of inflated number,s as does cost and profit, thus the market reflects true inflation which must now be near 100%.