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Senate Fiddles While College Debt Explodes

adrianvance Wrote: Nov 19, 2012 9:50 PM
We need an elite class to run the banks, brokerages, big companies and government. That is what ever higher tuitions are all about: Preserving the class structure. Wake up America! You are screwed. Come see us at The Two Minute Conservative at and when you speak ladies will swoon and liberal gentlemen will weep.

America’s accumulated college-loan debt will surpass $1 trillion this year; what is our leadership doing about it? The Obama Administration took over the student loan market and expanded Pell Grants, but hasn’t accomplished anything to address the root cause of the crisis: exploding college fees and related costs. The only thing they’ve done is criticize innovators and entrepreneurs.

The Senate Committee on Health, Education, Labor, and Pensions (HELP), chaired by Senator Tom Harkin (D-Iowa), issued a new report calling into question the costs and performance of For-Profit universities. There are actually hundreds of these schools, perhaps the most well-known being University...