Analysis: Clinton's new tuition plan has unexpected ramifications
More ways to spend YOUR money, and then come back for more..and more...and increase the whole entitlement base and expectations of a nanny state to take care of everything. Unless you go to MIT or Harvard, and don't use your money for the great summer party.. you should be able to manage it. More giveaways..
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Problem is that power corrupts, and the power that is wielded by the president today (extra-constritutional, power) is far too much to entrust to anyone.
I read an interesting article today that comments on this specific problem:
http://www.libertyunbound.com/node/1575
I wouldn't go to college today anywhere in the US. And I'd think twice about hiring anybody who did.
She is not the president and even if she were this give-a-way program would not fly.
I think OJT is way under-rated. I got more out of my master's than undergrad mainly because I had worked for a few years before the masters. If I had never heard of our current college system and someone explained it, I'd think it's crazy: "So for four years of your adult life you go live a modest middle-class life but do hardly any paid work and focus just on education. Your parents pay for it and/or you borrow against future earnings. Of course future earnings aren't collateral, so the loan has to be subsidized and under special laws that make it not bankruptable." It's been going on long enough, though, that it sounds normal.
Unless gov't props it up, I think the current system will change in the next few years. My kids are 12 years away from this. We're fortunate to be able to blow money on this, but I want to be careful that there for first adult experience not be on how to blow money. I'd rather them buy a house or execute a well-thought-out business plan with the money than just mindless go to college b/c it's the next step in life.
It's like the OWS people said, "I just did what I was told." They said that still not having figured out doing what other people tell you without question is a very bad idea. Things get done when you move fast, break things, and do things the world isn't quite ready for, stuff people might tell you not to do.
Sorry for the long rant. I just think we have such a bad system. I believe in formal education, and I believe in gov't subsidizing it in a reasonable way for the poor, but NOT in this model where you don't analyze the cost/benefits under the mantra "but it's education," as if that phrase means turn off your business judgment.
The "problem" is it's hard for the average middle-class person to stop working for four years and focus on undergrad. I did it, and in retrospect except for the intense last year of it, it was a colossal waste of my parents' money. A few years later I did my master's part time, paid for by a company and by teaching analog electronics. That was much more beneficial because I was getting knowledge for coursework and related paid work at the same time, and I was not blowing through money by living a reasonable lifestyle while not working.
If gov't must "do something" I say improve the public high schools, which are already gov't-run, so that they provide marketable skills.
To me paying for people's schooling is just one more good cause the gov't should not be taking up.
Stop inflating the currency by repealing the federal Reserve Act, and return the means to pay for education to people by repealing the 16th amendment and closing the IRS. No government funding for college education loans will lower the tuition cost dramatically and stop enslaving the young to banksters. Of course that would also increase competition in the slightly free market, and that is the opposite of the goals of the corruptocracy.