re: Student debt is high because of liberals crazy loan program allowing colleges to charge

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College is still a great deal if you have a plan and pick the right field.

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STEM degrees

...GOP/chamber of commerce refusals to allow student loan debt to be discharged in bankruptcy like any other type of debt does't help. This insulates lenders from having to rationally vet borrowers like they are forced to do in other types of lending.

Get the government out of the student loan business. Allow these loans to be discharged in bankruptcy. The system will fix itself.

As of today, intelligent people graduating from high school shouldn't reflexively go to college unless they have identified a specific area in which they wish to work for which they need a specific degree.

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My brother piled up $300K in student loans to become a Dr.

After 2 years in practice he now makes about $300K/year.

If you started a business that immediately returns $300k/yr on an initial $300k investment, you would have investors/franchisees lined up around the block.

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Let me correct those numbers for you. First keep in mind that his salary is around 2x the average so he must have specialized in something.

Second, his post tax income, depending on which state he lives in, is probably around 185,000 a year.

Third, by the time he pays his student loans, which aren't deductible, his post tax income is probably around 149,000 a year.

So liberals ask us to trust them in fixing a problem they created?

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College is an investment....investments require initial funding that may or may not be recouped and then some.

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I think the fundamental driver of the "debt outrage" is that unfortunately, WAY to many do NOT consider college an investment.

If you look at it like an investment, then the prospect of going 80K in debt for a women's studies degree would make you laugh at the person offering it but doing the same thing to complete your education as an engineer wouldn't even make you blink.

It's like someone opened a precious metals shop and is basically charging the same thing whether you buy Gold or Silver and for some reason, the buyers can't discern the value difference.

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My brother piled up $300K in student loans to become a Dr.

After 2 years in practice he now makes about $300K/year.

If you started a business that immediately returns $300k/yr on an initial $300k investment, you would have investors/franchisees lined up around the block.

College is still a great deal if you have a plan and pick the right field.

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and it STILL should not cost as much as it does

Automation has made everything else cheaper, why not higher ed?

Higher Ed has ZERO incentive to control costs because they can charge whatever they want and the government will pay for it one way or the other and at more than half the schools half the population cannot freely express their true opinions on campus.

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College is an investment....investments require initial funding that may or may not be recouped and then some. 

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Well, it is a MUCH bigger investment now compared to when I paid for college in the early 90's.

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Govt backed Student loans are predatory and exist to create a generation of low income debt slaves

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Thanks Barry another huge win for your legacy

ISAs are indentured servitude contracts. Plans to discharge loans after 10 years means the government eats the difference.

The solution:
1) States need to return to 2008 levels of higher education funding. States need to improve junior college systems for easier transfer credits which allow student to stay at home for the first year or two. This reduces costs significantly.
2) The federal government should subsidize loans with no interest accrued while in the first 4 years of school. This can be extended for post-secondary education.
3) The federal government should stop guaranteeing the loans. Students with a proven record of achievement would still be able to attend college.
4) Student loans should be able to be discharged in bankruptcy ten years after the last loan date.

Proof states are just not funding higher education:

LINK