Congress needs to fix student loan rates

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  • Strider303 Salt Lake City, UT
    July 7, 2013 6:44 p.m.

    I agree with Mike Richards, Post high school and colleges make out like a bandit on student loans.

    We need to get rid of the "everyone needs to go to college and get a 4 year degree" mentality. Community colleges and Vo-Ed can give skills for a good living and if or when the person decides that more education or training is needed they can matriculate to a college or university.

    Many, (most?) students are raised with an entitlement attitude and think nothing of encumbering their lives with student loan debt and cry when the bill comes in the mail. Students need to work and any job for at least a year to get an idea of how the world is and that their badge of "student" doesn't mean squat.

    We as a society do and can value education but we need not kowtow to the education industry complex nor their unwashed spoiled minions.

    No, I am not sympathetic to students who are dumb enough to foul up their lives by massive loan debt.

  • Mike Richards South Jordan, Utah
    July 6, 2013 11:07 a.m.

    Why would anyone "give" a student, who has never worked at a "real job", a low interest rate loan for $25,000 or more?

    That's totally stupid. The banking world doesn't work that way.

    Who benefits most from government student loan guarantees? The University benefits most. The universities are going to be paid whether the student can find a job or whether the student is even qualified for a job. If the univeristy is going to be paid by the government, make the university GUARANTEE that every student who uses government money will be placed in a well paying job, in his field, upon graduation IF the student has a passing grade. Forbid any university from accepting government payments until the student has shown that his grade-point-average would qualify him for placement after graduation.

    Not every degree leads to employment, so put the university on the "hook". Don't let them sell "hope" unless they have guarantees from businesses that the students will be hired.

  • The Real Maverick Orem, UT
    July 5, 2013 4:25 p.m.

    "Baloney....Congress riding to the rescue will further increase dependence on the feds and further erode personal accountability."

    Why doesn't this mentality ever prevail for the banking industry, farming, defense contractors, and oil industry? Why does it always apply to poor people, minorities, students, and women? I don't get why there's such a double standard. What's good for the goose is good for the gander.

    Force students to be more accountable? Sure! Fine with me as long as we force EVERYONE to become more accountable. Especially those hooked on the government's meth, like bankers, Wall Street crooks, oil dudes, farming repubs, and shock and awe specialists who demand money for tanks and planes that we don't want nor need.

  • Informed Voter South Jordan, UT
    July 5, 2013 3:26 p.m.

    Baloney....Congress riding to the rescue will further increase dependence on the feds and further erode personal accountability.

  • red state pride Cottonwood Heights, UT
    July 5, 2013 8:08 a.m.

    It's odd that we just celebrated "independence day" and the next day we read an editorial calling for more dependence - in this case subsidized student loans. Not to debate the merits of subsidized student loans but let's all admit that we're living in a house of cards built on dependence. We're all dependent on our pet subsidies whether it's agricultural subsidies, mortgage interest deductions, SCHIP, Medicare Part D, student loan subsidies, cheap money from the Fed and on and on. Maybe we should start calling July 4 "dependence day" although I don't think that's anything worth celebrating.