Thursday, November 26, 2009

Education

College Cash 101 by Kim Clark

How About a Bailout for Debt-Strapped Students?

October 02, 2008 05:15 PM ET | Kim Clark | Permanent Link | Print

Reader Comments

Our best thinking (ers) got us here!

I just love people like Brandy here who is so judgemental and thinks like the rest of wall street. I once read a bumper sticker that said, "normal people scare me". This is what happened in Nazi Germany too, the normal people took over and look what happened! Go for it Brandy, one day you will grow up and realize all your efforts will not change the facts that those people in washington do not care about you and me. I feel for my fellow students who go to school, sacrifice their lives to a public job and suffer by choice, but don't worry Brandy, there is still room at the top! Maybe you are one of those "normal" people who have it all together and nothing ever happens to you! You will be alright because you make good choices! I imagine the millions of stock holders thought the same thing, what a sham!!

bailout

even today, college students do not pay much attention to the price tag, when choosing their colleges and their majors. This is ridiculous! I am able to afford a name college for my kids, but I told them flat out that they were going to the local college and would need to major in something likely to be useful, and that I'd pay full freight and let them stay in the dorm if they did, BUT if they tried to go to an expensive college, I wouldn't even fill out the paperwork required of me. They therefore have no debt. It boggles the mind that imbecile college students go to Duke or Stanford for three times the cost of local. Why should I pay for their folly?

Cats calling for aid to the mice?

University administrators face pressure to hold down tuition rates because of student debt load. Doesn't it seem odd that those same administrators argue that students ought to receive their own bailout? Wouldn't that then free them to raise tuition more than they already have -- at a rate already far outpacing inflation?

bailout students

Bail those of us who got masters degrees in computer and electrical engineering and got screwed when Bush Cheney outsourced our high tech jobs to India & China. The government screwed us out of good careers, the same government should bail us out, it is their fault.

My husband has $130K loan and he couldn't get any job in his field for almost a year now. He has to do delivery food to pay a part of his debt. I think the government should bring jobs back to the States so people can afford for their mortgages, student loans... Bring back business to America!

RE:

Ah. Kudos to you then. Heh.

a of NY

I think we agree. My comment was to Hillbilly above your comment. Yours was not yet posted when I started my reply.

A of NY

My comment was a response to Hillbilly above you. Your comment wasn't there when I started on mine. I think we agree.

I want everyone to help take care of me b/c I am a lazy moron

" It's not the governments job to cushion the blows for people who don't think or care. "

Right, because the bailout isn't doing exactly just that?

Obviously responsibility is one's on. Fine. But that's not the case here. Government is helping out these businesses that took risks and failed, now they

have no consequence. So yes, when the government feels so inclined to bailout businesses like that, I'm going to ask why tax payers can't get a similar deal.

I want everyone to help take care of me b/c I am a lazy moron

Um, That's just it. There ARE no guarantees in life. The government is supposed to be paying out Social Security which isn't going to be there for everyone too. They can't guarantee that, or health care, or education. This is LIFE people, there are risks and rewards, good decisions and bad. COnsequences for behaviors and bad choices. That is the INCENTIVE to get an education, so yoou can make intelligent decisions and work hard. It's not the governments job to cushion the blows for people who don't think or care. Somewhere idealism and realism have to meet.

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Kim Clark, senior writer for U.S. News & World Report, used loans, scholarships, grants, fellowships, savings, earnings, and generous contributions from her family (thanks, Mom, Dad, Grandpa and Grandma!) to fund study at four different universities. She even managed to graduate from two of them. She’s been researching and writing about the best ways to raise college cash for five years. If you’re panicked about paying for college, e-mail questions to collegecash@usnews.com.

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