The market forces have been removed from the education system,
most likely from the original student loan system.
There should be feedback between the degrees offered, and the potential jobs capable
of making the degree worthwhile. Unfortunately those elements got disconnected
when college became about discovering yourself rather then preparing for a career.
This is even further offset by the federal government administrating the loan program.
This should be done by the states, with loans only given for the types of jobs available in that state.
"Society" is irrelevant. Believers are expected to try to live our lives along biblical principles. When it comes to money, this means (among other things) avoiding debt. That doesn't make debt inherently sinful, mind you, it makes it dangerous, debilitating, and dumb.We don't have a society that is structured on Biblical principles.
If we did, we would not do things like bomb innocent people to usurp the resources of their country.
You are letting sticker shock short-circuit your logic functions. I have been attending undergrad and graduate school from 2001 - Present, with some gap in the middle. Times haven't changed to require student debt.Times have changed. Like I said, tuition costs are more than ten times what it cost me when I was in school.
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
you act like paying 15k is something special
i would surmise that is probably around the average tax bill for middle class americans
you can say anything you like
you can bitch and moan all you like
there is an old saying, **** in one hand and wish in the other....see which one fills up faster
there are remedies for what you call higher interest rates.....
you dont want to hear about them
you want the government to give your daughter basically free money
“Most of the shadows of this life are caused by standing in one's own sunshine.”
Ralph Waldo Emerson
for a student loan? not your daughter, but any student?
You do not know , what they are majoring in, weather they will finish, what kind of study habits they have.
It is truly an unsecured loan.
Ok, so what should the interest rate be?