The US Government’s Biggest Financial Asset: Student Debt
Jill Mislinski of Advisor Perspectives looked at the Federal Reserve's financial accounts data and found that student loans make up the largest financial asset held by the federal government – by a huge margin. The value of federally backed student loans ...
The student loan scam is a crime against our country's most naive. Tricking students into getting a degree they don't need and can't use just so you have a base of indentured servants is absolutely criminal.
The banks and the schools who directly benefited from this scam should be forced to pay off the majority of these debts. It's really unfair in my opinion to blame the students who are the victims, but the burden definitely should not fall to the American taxpayer.
I paid mine back many years ago.
And I agree with what you said.
I agree with you - mostly. However the students bear responsibility as well. They are the dumbasses taking the fake courses and the worthless degrees. So do the parents, assuming they know little Sally is majoring in "Puppetry" while taking classes like "Oh, Look! A Chicken!".
Here are 2 sites to make my point:
https://www.ranker.com/list/stupidest-college-courses/samantha-dillinger
https://www.conservapedia.com/Worst_College_Majors
I do believe that there is shared responsibility between everyone involved but the change that needs to be made needs to be made is to disallow debt forgiveness for student debt, but also to prevent predatory loans and prevent the predatory university system to begin with.
So you leave the current loans on the table, but you fix it for future generations. You can also cut interest rates if applicable and offer tax cuts to offset the issue if needed.
But we need to get past this awful, overly expensive education system where professors can change the capitalization of one letter in a textbook and force you to buy their newest version.
Good ideas - all. I also think there needs to be a cap on all student loans including Pell grants. If the loans are capped at a certain value then either colleges will have to stop raising tuition all the time or parents will have to pay on top of the loans. I don't see parents being able to keep up with tuition increases, so colleges will lose people (and their money) unless they fix tuition rates, books, room/board, etc.
As long as students can get these massive loans colleges will continue to raise tuition. Academia is just as corrupt as Government.
I agree but what is going to replace our government's largest asset? Why the hell is our largest asset...debt?!
So -------- raise tariffs ---- bring back jobs --- employ graduates ---- payoff debts.
Part of the planned destruction of the US?
^ This is it...