Much of it is upwards redistribution going into the pockets of ever increasing masses of administrators (deans, etc.): https://mobile.nytimes.com/2015/04/05/opinion/sunday/the-real-reason-college-tuition-costs-so-much.html …
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And football coaches.
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Student Loans are just one more racket to extract wealth from the lower classes to enrich the already too-rich. If we can pay for K-12 with tax money we can certainly pay for post-secondary education the same way. Like roads and healthcare, education is for the common good.
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The greatest irony of all being that you can't get the job your degree is for because of the student loans on your credit.
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And at least 2 Universities that I know of are guilty of predatory lending.
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HELL YEAH! DOD loses 20 Trillion (10 Trillion of which they did not have permission to spend!) and nobody cares! No coverage! But God forbid we put $2 Trillion into our kids? Wake up Debt Slaves. Drop your guns and hold your babies high with Compassion!pic.twitter.com/bdrHPo68Dc
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People can’t pay their loans back bc of low wages, underemployment, high housing and health care costs.
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Students have to take out loans because the government makes it harder to get grants and colleges hike tuition while giving admin huge pay raises. We need to make Publoc college tuition free now.
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When you borrow money, I assume there is an intention to repay it. I fear many kids go to college without the slightest clue of what they intend to do when they graduate. That's part of the "systemic" problem.
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No it is a problem of students being irresponsible and it has enabled the university system to abuse the process.
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Banks and auto bailout was near a trillion dollars. Forgiving student debt should be a priority. These debts for education lifted could positively influence the economy. The extra $ could equate to increase car and home sales. Retirement investments. Etc.
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At least for this reason we need Universal Health Care aND Universal Free College Education. This is not socialism but GOP uses this name ....
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And then you are sold an overpriced vehicle designed w/ planned obsolescence alongside a 30yr mortgage you can likely never repay
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The US government makes money off student loans. Their guarantee and subsidy have created a credit bubble that has driven college cost to absurd levels.
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Caused by easy to get gov loans. It’s always the government’s fault at the core. No , it really is.
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Getting a loan to educate yourself based on being essentially brainwashed that you NEED a college degree doesn't exactly compare to putting yourself in debt for consumer goods...
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