is the loss of Stafford Subsidized loans (only for grad school). Will cost the average grad student 10k over 20 years. Also the "origination fee waiver" is gone and will move from 0.5%-2.5% to 1%-5%.
OT: Grad students part of the debt ceiling compromise
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is the loss of Stafford Subsidized loans (only for grad school). Will cost the average grad student 10k over 20 years. Also the "origination fee waiver" is gone and will move from 0.5%-2.5% to 1%-5%.
#1 Does this take effect this fall?
#2 stafford subsidized are no longer going to be included in the financial aid package? it only leaves stafford unsubsidized???</p>
#2 stafford subsidized are no longer going to be included in the financial aid package? it only leaves stafford unsubsidized???</p>
Has made college tuition rates jump through the roof. I'm betting with 10 years that some other country is going to come recruiting severely in debt American college graduates to come work in their country where they will not have to repay the debt.<div>
</div><div>It used to be parents could actually afford to send a kid through college without having to save up. Then parents had to save up money. Now there's pretty much no possible way for parents to save up without severely curtailing their lifestyles.</div>
</div><div>It used to be parents could actually afford to send a kid through college without having to save up. Then parents had to save up money. Now there's pretty much no possible way for parents to save up without severely curtailing their lifestyles.</div>
involved in the rising rates, not the least of which is the outright competition to lure students with more and more luxurious accomodations.Lush dorms aren't cheap. Heck, even my old fraternity is raising money to provide a complete set of nice furniture for each room. Ten years ago, we brought in our own.
Truth is there is no free lunch, and I don't want to pay for yours(who ever you are).
SOMEBODY has to pay.
SOMEBODY has to pay.
I paid for my MBA as I went. Why should I subsidize people getting graduate degrees in art history?
Don't want to pay for other people's healthcare? Well, if you have health insurance, you are. When one person files a 7-digit claim, even though that individual's rates go up, they don't go up enough to cover the entire bill. Everybody else's (already inflated) premiums pay for it.<div>At least with government health care, the government wouldn't be out for a profit to bleed people even more...</div>
just not what Obama thinks they should pay,
You are watching too much TV.
The LOCK is NEAR.
The Dow went down512 points today, trillions of $.
8-4-2011!
You are watching too much TV.
The LOCK is NEAR.
The Dow went down512 points today, trillions of $.
8-4-2011!
You're clearly just a Fox News drone. Obama has never proposed a tax increase and never will -- he even bucked his own party to extend the Bush tax cuts (which are the largest contributor to the deficit). All he wants is to make some unintended cheats impossible.<div>
</div><div>(And he caved on that too, even further unjustifying all the fearmongering Republicans like to do about him. He's a moderate without much backbone. Preferable to Bush, but far from what we thought we were getting.)</div>
</div><div>(And he caved on that too, even further unjustifying all the fearmongering Republicans like to do about him. He's a moderate without much backbone. Preferable to Bush, but far from what we thought we were getting.)</div>
Private business support all the government programs that you MSNBC watchers enjoy. If someone cheats, send them to jail. Your assumption / implication that all rich people cheat is typical class warfare. Meanwhile, 50% of this country doesn't have to cheat to get out of taxes because they don't own ANY. How much is their "fare share"?
Grad students aren't a big voting block so it's easy to stick them with the bill. It's not like they're the elderly or Iowa corn growers who can suck at the public teat and soak up enormous amounts of taxpayer money without feeling guilty about it ("Keep Government out of Medicare").
Not sure that this is a simple left versus right issue and it's really time for Americans to stop framing most issues that way. America used to lead the world in college graduates. Not any more. College tuition rates have skyrocketed because universities keep adding administrators and staff to serve themselves and students (professor salaries have actually flatlined). It's getting more expensive for ordinary Americans to attend school which leads to more borrowing and debt that probably delays marriage, childbearing, etc. And student loans are not dischargeable in bankruptcy unlike just about any other debt thanks to a bankruptcy law passed under the Bush administration that favored the credit industry.
The middle class is in decline and I doubt that this rule will help. It easy to say that one group should not expect a government handout, and perhaps grad students should pay higher interest rates and fees. But, we have serious structural issues with our economy that don't neatly fit the left/right template. And, sadly, capitalism is in decline in this country. Afterall, why did Goldman Sachs (affiliates, employees, PACs) give Obama almost $1 million for his presidential campaign? GE was a big Obama supporter as well. They want political influence and favorable legislation--remind me how much GE has paid in taxes lately and GS recently had record profits and handed out record bonus. No recession for them.
This country is run by special interests who fund most federal political campaigns. Big business supports the free market about as much as big labor. Why pay attention to graduate students when they aren't an important political block.
Finally, I suppose it's true, as one poster implied, we no longer need as many Ph.D.'s in the humanities, although sadly most Americans are largely ignorant of our own history.
Cheers.
Not sure that this is a simple left versus right issue and it's really time for Americans to stop framing most issues that way. America used to lead the world in college graduates. Not any more. College tuition rates have skyrocketed because universities keep adding administrators and staff to serve themselves and students (professor salaries have actually flatlined). It's getting more expensive for ordinary Americans to attend school which leads to more borrowing and debt that probably delays marriage, childbearing, etc. And student loans are not dischargeable in bankruptcy unlike just about any other debt thanks to a bankruptcy law passed under the Bush administration that favored the credit industry.
The middle class is in decline and I doubt that this rule will help. It easy to say that one group should not expect a government handout, and perhaps grad students should pay higher interest rates and fees. But, we have serious structural issues with our economy that don't neatly fit the left/right template. And, sadly, capitalism is in decline in this country. Afterall, why did Goldman Sachs (affiliates, employees, PACs) give Obama almost $1 million for his presidential campaign? GE was a big Obama supporter as well. They want political influence and favorable legislation--remind me how much GE has paid in taxes lately and GS recently had record profits and handed out record bonus. No recession for them.
This country is run by special interests who fund most federal political campaigns. Big business supports the free market about as much as big labor. Why pay attention to graduate students when they aren't an important political block.
Finally, I suppose it's true, as one poster implied, we no longer need as many Ph.D.'s in the humanities, although sadly most Americans are largely ignorant of our own history.
Cheers.
What`s your point? He probablyjust doesn`t want to live ina socialized nanny-state like some of you do.
well assuming you are older than me, why should i be stiffed with a inflation and debt and unreasonably high (and rising) college tuition that your generation is leaving me?
not to mention, i've never used 911, why should my tax dollars go towards emergency services? there are a lot of state and federal highways i haven't driven on and have no need to drive on, why should my tax dollars pay for maintaining those roads?
at some basic level, you want society to be better because when america's society as a whole is doing well we are all doing well. a couple extra % on the rich is outweighed by the huge profits they are making through their businesses or their investments. we give the poor preventative healthcare and suddenly they are clogging hospitals because they waited too long to go see a doctor and now a common cold is pneumonia. and they can't pay their hospital bill, so the govt pays it. it makes financial sense to get them to the doctor and a z-pack when they feel congested, not to let them develop pneumonia. it makes sense. that's why you pay taxes and why we all have to contribute. there needs to be welfare and healthcare reform, like real reform, not ********. and there needs to be tax overhaul, and at the very least, closing corporate loopholes and letting bush tax cuts expire for those making >$250K.
it's just what we gotta do. both sides. why can't there just be a good idea anymore? why is every idea now gotta be contested by the other side even if it makes common 17'ing sense?
not to mention, i've never used 911, why should my tax dollars go towards emergency services? there are a lot of state and federal highways i haven't driven on and have no need to drive on, why should my tax dollars pay for maintaining those roads?
at some basic level, you want society to be better because when america's society as a whole is doing well we are all doing well. a couple extra % on the rich is outweighed by the huge profits they are making through their businesses or their investments. we give the poor preventative healthcare and suddenly they are clogging hospitals because they waited too long to go see a doctor and now a common cold is pneumonia. and they can't pay their hospital bill, so the govt pays it. it makes financial sense to get them to the doctor and a z-pack when they feel congested, not to let them develop pneumonia. it makes sense. that's why you pay taxes and why we all have to contribute. there needs to be welfare and healthcare reform, like real reform, not ********. and there needs to be tax overhaul, and at the very least, closing corporate loopholes and letting bush tax cuts expire for those making >$250K.
it's just what we gotta do. both sides. why can't there just be a good idea anymore? why is every idea now gotta be contested by the other side even if it makes common 17'ing sense?
fyi, i would be ok with the unsubsidization (did i make up a word?) of stafford loans IF it came with everything else that needed to come with it. but as of now it just seems like they are dicking over the most vulnerable group.
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