Saturday, September 17, 2011

Student Debt: Denying the American Dream - YouTube

The good news is that there are price controls on colleges. The bad news is that students have to impose them on an individual basis. Jetsam is correct. Community colleges are the best way to go for the majority of our students.

As for the young woman who plans on earning a doctoral degree, but has no idea what the total cost will be, I would respectfully suggest that she hasn't adequately considered her position.

Any student should consider the total cost of his or her education, the total indebtedness and monthly payments they will face, and their future earnings potential. Anything less is irresponsible and may lead them to a lifetime of indebtedness

Should there be more student aid? Maybe. But where is the money to come from? At present, our federal government borrows $.40 of every dollar it spends. That is grossly unsustainable, and can only go continue for a limited time.

Students, I'm sorry to say this, but I think you will have to figure this one out on her own. And by "figure it out," I do mean use a calculator.

On the other hand, if you decide to march on Washington and ask our elected representatives to end our multiple wars of choice, I'll be there with you. While we're at it, we might ask them to shut down over 700 military bases we have around the world. That should free up some money for education.

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