Student Loans

Impoverishment of America’s Youth

DYI:

Since the Great Recession student loans have almost leaped in total dollar volume 1,000% - not a typo – one thousand percent that has now become Uncle Sam’s largest financial asset.  What this program has morphed into is an additional taxing mechanism based upon the interest income all for the benefit of Uncle Sam.  Uncle Sam has become intertwined and benefiting from this scam to fleece America’s young of their financial future. 

To drop the cost of higher education is simple – requires massive political will – end all subsidies and student loans.  The cost of higher education will drop like a rock.  It is basic economics 101.  If colleges and universities maintain their unrestrained tuition and other related costs the school will quickly suffer from low student enrollment so much so many of their buildings would stand empty along with massive lay offs of teachers and their bloated administration.  Of course some of the schools will maintain their elitist status – Harvard and Yale – come to mind.  The remaining 4,625 University and Colleges plus 1,462 Community Colleges would go through reorganization; along with different forms of bankruptcies thus driving down their costs.  Five years later – of gut wrenching political fight – costs would once again be within the range of working a part time job, a little help from Mom and Dad, graduating within 2 years for a Community College and 4 years from a University DEBT FREE!  You cannot charge more than your customer can afford unless debt financing is used.  Offering debt financing the student that cannot file bankruptcy…THAT’S THE SCAM!

 DYI