hello america!!! this is one of those things makes you go hmmm!!!!
http://www.bloomberg.com/news/2012-06-05/students-pay-slm-9-25-on-exploitive-loans-for-college.html
no matter how you look at it, it is a big problem &, it's not going away regardless of what congress does or doesn't do. & yes, obama can holler until he's blue but, there's a bigger problem then the interests rates & freezing them......
if obama freezes the rates, it really won't help the students...if congress were somehow to wipe out their debt, it would only hurt the people that invested their money with the banks...if the students just ignore the payments, their credit rating will suffer & the banks may seize there car or other property. besides, what good does a college education if you can only find a job at home depot?
the problem is 2-fold. colleges are making money off these students, hand over fist, & reaping all the rewards while charging the students for everything they can think of...congress needs to look at ways for the colleges to return money it makes from the students back to the students...biggest 2 examples are; march madness & the bcs bowl......look at all the money these colleges make off of the students during college football season, college basketball season, college baseball season, etc. &, the tv ratings are off the chain during the championship runs...most, if not all, needs to be applied to tuitions across the board...college sports is a very lucrative business.........
college tuitions seem to go up every year. congress needs to form an independent study group to find out why & if the new rates are worth it. without even having any facts in front of me, i just know that salary's are going up. congress needs to bring the tuition costs back in line with reality. colleges are making 'profits' from the students...yes, higher learning should cost more then high school's but, it has reached a point where it has become too much.............
the 2nd part of this problem is perhaps the biggest part...employment.......where are these students going to work after they obtain their degree's? for that matter, where are they going to work while getting those degree's? unfortunately, the majority of these students may have to seek employment at jobs way below their degree scale. until our jobs markets open up, their student degree's will never pan out...
No comments:
Post a Comment