Paul wants to phase out federal student loans.

Fewer people have applied to go to university and further education since the fees went up. I'm not commenting on our apprentice schemes, which if one is a plumber, don't bother!

This whole policy is bad news in a way because educated people are vital for a country to thrive. I've always felt that for subjects that provide the expertise we must have, the fees should be waived to guarantee we supply the workforce we require.

A lecturer interviewed this morning mentioned that at his courses he only had a minority of Brits. This is hardly investing in our future. Perhaps Ron Paul sees this.

Ron Paul, your an idiot!

A giant one at that...

You over look several important things in your grand stupidity Ron Paul.

First off, the size of an economy and the over all quality of life is directly proportional
to the rate of college education in any given nation. China and India are up an coming
precisely because they are educating a much larger number of their citizens.

So what you propose you moron? You propose enacting somethings that can very
well slash the amount of people getting education by a huge margin. Exactly the
results that move us towards the model China and India are moving away from
dumb bell.

You propose to make students pay the commercial rate for loans, which will increase their
debt load by 40% - 50% - 60%, so Ron, WTF is wrong with you sir? Banks aren't lending as
it is to business's with equity and good credit. How do students acquire credit when they are 18,
making minimum wage, zero equity and very little credit history? Who is gonna loan to them?


People receiving student loans are going to school precisely because education increases their
income, it is called an investment Ron Paul. You do seem to think very clearly in some arenas
and this is one such case...

Oh and don't forget that this would be a serious new source of income for the banks and the
money cartels.

You are about as daffy as hoover some times sir!

College Education is in a BUBBLE

every BUBBLE is aided and leveraged with the USE of DEBT which you just proved

millions wouldn't go to college without the banks funding Federal guaranteed loans

the ability to get easy AND cheap debt has allowed all colleges to continue to raise rates

i don't need to post any data..its out there...its happening

Originally posted by dreamseeker
reply to post by neo96

 

So I make $12,000 a year and I am supposed to pay $15,000 per year for my education. What would I live on? Did you consider that?

Same as if you can afford to see a doctor.


If it doesn't help a company

Screw yourself!

The Republican way!

Originally posted by SuperTripps
College Education is in a BUBBLE

every BUBBLE is aided and leveraged with the USE of DEBT which you just proved

millions wouldn't go to college without the banks funding Federal guaranteed loans

the ability to get easy AND cheap debt has allowed all colleges to continue to raise rates

i don't need to post any data..its out there...its happening

And commercial institutions, commercial style charges = much more interest, which is more instant debt.

Originally posted by netwarrior
This is not new. He's said this for years. I too am a college student depending on student loans. I still support Dr. Paul. If one of the costs of fixing this horribly broken country means I have to come up with a plan B, so be it. That will be my sacrifice.

Besides once the ATM (student's debt capability)is shut off colleges will have to adjust accordingly and provide competitive tuition rates or die.

No, they will contract, just like any business.

America will foster a second rate educational system and our economy will reflect the contraction
via the massive drop in high skilled professions. Banks will

A. either create a new bubble by monitoring the new student debt business that Paul creates

OR

B. Will not lend to people without credit or equity

This is like the best way to turn America into a second rate garbage hole.

Paul you go too far

Originally posted by mastahunta

Originally posted by SuperTripps
College Education is in a BUBBLE

every BUBBLE is aided and leveraged with the USE of DEBT which you just proved

millions wouldn't go to college without the banks funding Federal guaranteed loans

the ability to get easy AND cheap debt has allowed all colleges to continue to raise rates

i don't need to post any data..its out there...its happening

And commercial institutions, commercial style charges = much more interest, which is more instant debt.

BINGO...THEY create the loan which is is credit and then the interest is owed....out of nothing because the feds are backing the whole note. student loan debt is NOT allowed to be written off in a BK now so you are a slave until you die...sounds like a good bet for banks doesn't it?

there is not enough jobs or money out there to pay off the debt on this let alone all the other bubbles out there

lots of you guys on here don't get it

he is NOT against education

he is against the Feds creating and sustaining this financial bubble in student loans and college tuition

without the insane amount of debts that you students have to take on, tuition would be cut in half along with fees


ron paul doesn't want generations of youth to be debt slaves let alone in housing, etc
KUDOS to him

Originally posted by CynicalDrivel
That's fine with me. I've got student debt. And the loans DO NOT MAKE IT SO I DON'T PAY FOR IT.

In fact a lot of the student loans are evil, and need reform. Student loans have special rules, and nsome of those rules are not kosher.

So as a future student and as a former student, I've got not one single problem with it.

If they get rid of loans, and less students can afford to go to the universities, then the universities will lose millions and therefore have to then lower the coast of tuition by a large amount. I'm talking the actual education should only coast 20 g for 4 years, no matter where you go.

Then everyone overall , would be more educated and have a better chance of figuring out how to create jobs amongst themselves and on their own rather than relying on a huge company to hopefully have enough jobs available that they can then maybe land it.


A lot of our good ideas can only work if the benefit is truly for the people. All the people. It's not set up that way, and therefore it can't be what it needs to be for the country to grow.

Peace I'm out.

Originally posted by ModernAcademia

Originally posted by dreamseeker
So I make $12,000 a year and I am supposed to pay $15,000 per year for my education. What would I live on? Did you consider that?

Anyone can consider that, He is saying eliminate govt. involvement he never said abolish all banks that offer student loans

And not only that get the govt. out and banks will get more competition, more competition and less govt. involvement can very much mean less interest.

Wake up man.

If the goal is to get youngsters a good education as cheap as possible, then the banks
could charge even lower rates and terms starting tomorrow, POOF! But they will not
because the Federal program rate models do not create enough profit. If they were
going to compete they would, you can use a gun to make a cake, on size fits all is
a dumb rule to live by.

reply to post by SuperTripps


Holy crap someone else with some common sense!

Yes, eliminate the FREE MONEY coming from the government and tuition fees will inevitably GO DOWN.

It's called supply and demand. If you take away the demand for high cost tuition by eliminating the unconstitutional funding, you FORCE universities to lower their costs. This needs to happen. Those of you crying about it hurting students are the same kind of people that would treat a heroin addiction with more heroin. Yes, the recovery period could be painful for some, but it's nothing compared to the pain realized if we follow this system to it's end.

Again, I'm not arguing that government should never under any circumstances fund education. They most definitely should, but the current scheme hurts us all. It hurts students that have huge debts that they cannot repay. It hurts the economy as this debt ultimately contributed to the deficit.

Originally posted by SuperTripps
lots of you guys on here don't get it

he is NOT against education

he is against the Feds creating and sustaining this financial bubble in student loans and college tuition

without the insane amount of debts that you students have to take on, tuition would be cut in half along with fees

ron paul doesn't want generations of youth to be debt slaves let alone in housing, etc
KUDOS to him

It is speculative theory friend.

The banks will take over and charge higher rates or they will not and higher education will contract.

It is a boon for the banks

Originally posted by TinkerHaus
reply to post by SuperTripps

 

Holy crap someone else with some common sense!

Yes, eliminate the FREE MONEY coming from the government and tuition fees will inevitably GO DOWN.

It's called supply and demand. If you take away the demand for high cost tuition by eliminating the unconstitutional funding, you FORCE universities to lower their costs. This needs to happen. Those of you crying about it hurting students are the same kind of people that would treat a heroin addiction with more heroin. Yes, the recovery period could be painful for some, but it's nothing compared to the pain realized if we follow this system to it's end.

Again, I'm not arguing that government should never under any circumstances fund education. They most definitely should, but the current scheme hurts us all. It hurts students that have huge debts that they cannot repay. It hurts the economy as this debt ultimately contributed to the deficit.

imagine that..2 of us here gets it!

Originally posted by TinkerHaus
reply to post by SuperTripps

 

Holy crap someone else with some common sense!

Yes, eliminate the FREE MONEY coming from the government and tuition fees will inevitably GO DOWN.

It's called supply and demand. If you take away the demand for high cost tuition by eliminating the unconstitutional funding, you FORCE universities to lower their costs.

Again, I'm not arguing that government should never under any circumstances fund education. They most definitely should, but the current scheme hurts us all. It hurts students that have huge debts that they cannot repay. It hurts the economy as this debt ultimately contributed to the deficit.

And what happens when you reduce the supply of money available for students trying to
forge ahead on their own?

You think banks are going to loan $50,000 to an 18 year old without equity or credit?

You guys really forget where we came from, it is sad...

MANY MANY people would not get educated because of a lack of money.

Two generations ago that was the story of my family, before that, not getting educated
was the norm.

Originally posted by mastahunta

Originally posted by SuperTripps
lots of you guys on here don't get it

he is NOT against education

he is against the Feds creating and sustaining this financial bubble in student loans and college tuition

without the insane amount of debts that you students have to take on, tuition would be cut in half along with fees

ron paul doesn't want generations of youth to be debt slaves let alone in housing, etc
KUDOS to him

It is speculative theory friend.

The banks will take over and charge higher rates or they will not and higher education will contract.

It is a boon for the banks

its supply and demand my friend. you care to call that speculative again for all of us to read?

Originally posted by mastahunta

Originally posted by TinkerHaus
reply to post by SuperTripps

 

Holy crap someone else with some common sense!

Yes, eliminate the FREE MONEY coming from the government and tuition fees will inevitably GO DOWN.

It's called supply and demand. If you take away the demand for high cost tuition by eliminating the unconstitutional funding, you FORCE universities to lower their costs.

Again, I'm not arguing that government should never under any circumstances fund education. They most definitely should, but the current scheme hurts us all. It hurts students that have huge debts that they cannot repay. It hurts the economy as this debt ultimately contributed to the deficit.

And what happens when you reduce the supply of money available for students trying to
forge ahead on their own?

You think banks are going to loan $50,000 to an 18 year old without equity or credit?

You guys really forget where we came from, it is sad...

what part of the "student loan industry" and "college tuition" is a bubble logic don't you get???

PRICES MUST COME DOWN. 1st..because its mathematically IMPOSSIBLE for all industries including college to keep increasing prices year after year ....and relying on Debt to fund it..at the same time with no corresponding production to back it up.

we already learned this in the housing market...its even worse in student loans..really...anyone can get a loan...anyone
plus loans too.

i dare you to read Karl Denniger's blog about all of this.

Originally posted by SuperTripps

Originally posted by mastahunta

Originally posted by SuperTripps
lots of you guys on here don't get it

he is NOT against education

he is against the Feds creating and sustaining this financial bubble in student loans and college tuition

without the insane amount of debts that you students have to take on, tuition would be cut in half along with fees

ron paul doesn't want generations of youth to be debt slaves let alone in housing, etc
KUDOS to him

It is speculative theory friend.

The banks will take over and charge higher rates or they will not and higher education will contract.

It is a boon for the banks

its supply and demand my friend. you care to call that speculative again for all of us to read?

I expect it to go to where it was before, do you even know what the higher education

rates use to be???

Universities recoil, OR they except foreign student who's nations help facilitate the financial
end of higher education. Like trying to fix a computer with a truck and a swimming pool.

I agree with his assessment.

The more money that gets thrown at something, the more money there is chasing it, and the price rises as a consequence. The parasitic admin costs will drop or the ones in business will fail!

Want more examples besides expensive college tuition?

How about the housing market. - Too much money chasing housing elevated prices.

How about the Medical / Insurance industry - Too much money chasing medical - Get rid of insurance so that people will have to pay out of pocket, which will drop demand down and also drop unnecessary visits to the doctor. The parasitic insurance and big pharma costs will drop or they will be out of business.

How about the explosion of growth on Wall Street from everyone putting in their 401K's for the banksters to play casino with?

Quit sending money to Wall Street via 401K's investments etc and they will have to actually invest in long term business growth rather than easy 401K money.

The list could go on and on.

I'm totally pro Paul and I agree.

I'm working on my bachelors at devry online for web/graphic design. My tuition is 68,ooo for this. By the time i pay it off, i will have paid in the 100,000 dollar category. If i cant find work in my field 6 months after graduation, on a min wage job under 40 hours a week and as a single mom to a teen, I'm losing my home, car, everything. And that aint fair or right. Not anyone's fault. the #ty economy is to blame. 20 years ago anyone anywhere could get a job fresh out of college. Not anymore. You wait a few years. meanwhile, interest builds and you gotta now choose between food, rent, bills and loan repayment. which has to come first.

sixty eight thousand dollars for a bachelors in web and graphic design. I'm taking a second schooling to get medical transcriptionist cuz that is hiring left and right and you get great money and can work from home. at least then i can pay off the devry loan.

I agree prices should come down. I believe that education should be free. I don't believe in money really, debt or credit yet I don't believe in taking away choices. At the end of the day it is my choice to take out the loans or not. I am all for educational reform for the industry but not flat out getting rid of something. It seems like Ron Paul wants to get rid of everything before trying to fix it. If it can't be fixed then something needs to be put in its place.