mysteryman wrote:Cyclo,
To avoid a ridiculously long post,I am going to eliminate everything above your last post...
Quote:That's exactly what the government is currently doing, and what you cut out - encouraging and promoting college education through the underwriting of loans.
I left college with 30k in loans. The gov't paid about 1k in my interest during the whole time I was there. Now I have paid that 30k back. Overall, the bank made money and I got educated, and for a very small fee the gov't has another educated citizen who is far more likely to vote, to achieve a higher position in life, and to take an active role in their society. Hardly a bad trade.
It is not the govts responsibility or obligation to underwrite your loans.
I agree, and didn't say that it was either their responsibility or obligation to do so. I merely said that it is in their best interests to do so. It would be helpful if you would address the actual things that I've said in my responses rather than the arguments you would like to argue against.
Quote:You CHOSE to go to college,you CHOSE to accrue the 30K in loans,and you CHOSE to be responsible for them.
By making the choices you made,you accepted the responsibility.
Okay, noone is contesting that the responsibility for paying for college lies with those who go (though I would rather the gov't provided it for everyone in the fashion that other civilized countries do).
Quote:Why should the govt pay for your choices?
The gov't underwrites college loans because otherwise students simply couldn't get them. They have no collateral with which to offer the bank in return for the loan, no credit score because many of them are under 18 or simply haven't built any credit up.
Without gov't underwriting, college loans for the poor - who need them the most, mind you - simply would not exist. You should research this subject more before you decide that this is 'unneccesary.'
Quote:When I went to college,I paid my own way.
When I had the money I went,when I didnt I stopped going.
I didnt ask the govt to help me,nor did I expect them to.
I didn't ask the gov't to help either. No student does. Instead, you ask a bank to help. College loans are not given out by the gov't but by private banking institutions. These loans are then underwritten by the gov't for the reasons stated above. This is somewhat similar to the FDIC which guarantees your deposits in a bank - not really necessary, not the gov'ts obligation to do so, but in the best interests of every citizen.
Quote:BTW,you dont need a college education to be "far more likely to vote, to achieve a higher position in life, and to take an active role in their society"
You don't need a college education to do those things, but college education does make it more likely that you will do those things, especially 'achieve a higher position in life.'
Cycloptichorn
