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The problem isn't that there are student loans - people take loans out for many other things and have no problem with those. The problem is that the repayments
by Zimahl 13y ago
The problem isn't that there are student loans - people take loans out for many other things and have no problem with those. The problem is that the repayments are killing the spending power of the middle-class.
Where does paying back a loan or paying back a fixed amount of income differ? Do you honestly think that the gov't is going to curb the costs of education? More than likely the gov't will just jack the repayment % on future students.
So, like I said, it just kicks the can down the road. No where in the Oregon plan is an outline of how to bringing state college costs back down to a reasonable level that doesn't require loans except in extreme cases (where it was in the 60s, 70s, 80s, and even 90s).
- ihsw 13y agoIt does away with the Sword[1] and instead opts for an olive branch -- some cannot risk the sword (great debt) for a reward (greater career opportunities), and they will now have a new opportunity. By the same token, the Sword will never be held to the throat (bankruptcy). A happy worker is a productive worker. [1] http://en.wikipedia.org/wiki/Sword_of_Damacles http://en.wikipedia.org/wiki/Sword_of_Damacles