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.
"If you want to go to college," my mother said, "you'll have to get a scholarship."
If you want to know what is wrong with the cost of education in America, look to some of the politicians you elected. We've been sold that cheap student loans are the answer to making education affordable. Nothing can be further from the truth.
Young Americans face tough times: Record-breaking youth unemployment—including for those with college degrees—and high levels of debt from student loans have left millions unable to live independently. They are living in Mom and Dad’s basement, putting off marriage and family, and are down-scaling their aspirations when they should be dreaming big.
It is something of a truism that whenever the federal government steps in, costs usually rise and efficiency declines. That is especially true when it comes to a college education, which President Obama promised during the 2008 campaign to make more affordable.
This week, President Barack Obama has been warning students that without his intervention, interest rates for a federal student loan program will double to 6.8 percent July 1.
Sarah Palin was the first to recognize the problem: By participating in President Obama's signature education initiative, the Common Core Standards, Alaska would lose control over its own curriculum.
Obama has to get Jimmy Fallon to help him push his message with the young since they still have no jobs.
I have tax reform guidelines, and they’re not for dummies. My guidelines are for smart people who think rationally. Irrational folks like Warren Buffet may need to eat a bag of Halloween candy before they’re alert enough to understand my conception of ethical taxation.
The cost of college education will crash within a decade, simply because it has to. Moreover, the free market would lower costs sooner and far more dramatically, if only given the chance. Wages are not supportive of current education costs.