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Senate Fiddles While College Debt Explodes

rigby4 Wrote: Nov 19, 2012 9:26 PM
My wife and I worked hard bought a house we could afford put our kids through college. They earned their own book and spending money. We have money saved for weddings and for retirement. Yes I am tired of supporting those who pay no taxes and consider me rich

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...

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