Does it make sense for the government to take taxes from the big
majority of Americans who never managed to win college degrees in order
to subsidize the pricey education of the fortunate few who get to attend
top universities?
Why is it fair to increase burdens
on stressed-out working families so the feds can reduce future interest
payments on student loans for members of the elite?
Isn’t
President Obama’s current push to spend a $6 billion on college-loan
relief precisely the sort of rob-from-the-poor-to-give-to-the-rich
outrage that any conscientious progressive ought to oppose?
These are questions that even Mitt Romney and his fellow Republicans refuse to pose, as they retreat or temporize concerning the president’s shameless student-loan scam. The big duel in Congress concerns the best way to pay for continuing the subsidized loans, with no real debate about the wisdom of the subsidy itself.
These are questions that even Mitt Romney and his fellow Republicans refuse to pose, as they retreat or temporize concerning the president’s shameless student-loan scam. The big duel in Congress concerns the best way to pay for continuing the subsidized loans, with no real debate about the wisdom of the subsidy itself.
Republicans
and Democrats alike feel so intimidated by the brute political power of
college students and their families that no one will point out it’s the
beneficiaries themselves who ought to cough up the extra money. It’s
not unreasonable to suggest that they do so when interest rates revert
to their normal, pre-2007 level on July 1st—especially since those
students aren’t obligated to begin making those interest payments or
retiring their principal until they’ve completed their education or
dropped out of school. In effect, our leaders suggest that future
millionaire attorneys who graduate from Harvard Law School (as both
Obama and Romney did) ought to get reduced payments on their student
loans at the ultimate expense of all taxpayers—including janitors who
toil away at the very Ivy League campus where the two presidential
candidates once matriculated.
Read more: http://www.thedailybeast.com/articles/2012/04/29/student-loan-subsidies-benefit-elites-at-taxpayers-expense.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedailybeast%2Farticles+%28The+Daily+Beast+-+Latest+Articles%29
Read more: http://www.thedailybeast.com/articles/2012/04/29/student-loan-subsidies-benefit-elites-at-taxpayers-expense.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedailybeast%2Farticles+%28The+Daily+Beast+-+Latest+Articles%29
1 comment:
How to pay for college? It’s hot and happening topic today! Students and their parents are puzzled, because tuition is getting high every year, more over obligatory fees should be paid for parking, dwelling and other university needs. Not every family can allow expensive education; a lot of graduating high school students don’t even try to enter high educational establishments, just because it will hurt their family budget. The other part find the way in taking out student advance loans to cover education pays. Good education costs good money, but low-paid workers, immigrants and students can’t even finish the first year course, because of financial unsuitability.
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