John Hoffmire: High levels of student debt affect many parts of economy

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  • freedomingood provo, Utah
    July 29, 2014 8:02 a.m.

    We would do better to let people test out of college entirely. I CLEP and DANTES tested out of about 30 credit hours, yet only about 6 credits transferred to my degree. My college likes to specify EXACTLY what a class must have in it before giving credit for the subject.

    Too bad most of us get a job after college to find out the real skills we needed were not taught in college at all.

  • ordinaryfolks seattle, WA
    July 29, 2014 6:32 a.m.

    Jay Tee in Sandy

    Methinks thou hast reduced the argument down to its most cynical reduction. Just where do you get your facts to back this up? Your experience aside, this alone does not make a fact.

    Research universities do eat up a great deal of resources. However, our other fine institutions of higher learning do care about students and not all of these are owned by corporate American. Most universities of any standing are vessels of the state, and Utah or any state can make rules or laws that change said behaviors.

    Would not it be better if you worked in Utah to make its institutions of higher learning more student friendly and perhaps a little cheaper? Or would that be a cop-out to the "socialist" song?

  • JayTee Sandy, UT
    July 28, 2014 10:15 p.m.

    So now we see all the proposals for more tax dollars and public debt to be exchanged for more votes--and that's the long and the short of it. I've graduated from three universities and taught at four colleges, and have a been an observer of the whole situation. The way I see it, more and more the "colleges" are designed for the benefit of the "educators," not the students. In fact, in many schools (which are virtually unmonitored), the student serves primarily as just a conduit to funnel Federal financial aid into the pockets of the owners. There's nothing to control any of this in today's world, and the only cry you'll hear is "More! We want MORE from the taxpayer!" That's basically it. Same old socialist song.

  • Howard Beal Provo, UT
    July 28, 2014 9:32 p.m.

    Many European countries expand free education into the university years. I think it might be time to consider this or something moving toward this direction. Student debt, as the article says, has impacts on the economy that aren't so obvious. When the bubble bursts, and I believe this will be soon, it could cause another 2008.

  • 2 bits Cottonwood Heights, UT
    July 28, 2014 2:12 p.m.

    IMO it's not just "STUDENT debt". It's ALL Debt that will eventually bring many in our society into bondage.

    Debt is something to be avoided. Some seem to think it's a GOOD thing. It's not. Not for Students... not for anybody.


    Living within your means... is a good lesson to learn early (maybe even when you are in college).

    You may have to borrow money for your first house, but it should be the smallest most inexpensive house you can live in. And their's nothing wrong with renting something cheep while you save to be able to afford your own house. And those who keep trading up their house for a bigger one, with a bigger mortgage every year or two... deserve what they will get in the end... ready to retire, but they still owe huge payments on their house so they can't.

    I know many sixty-somethings who have only payed the interest on their mortgage thinking it would be easier to pay it off later (but find out retirement income is not enough so they are forced to keep working). Dept is a terrible master that only gets worse with age...

  • Hutterite American Fork, UT
    July 28, 2014 1:11 p.m.

    I'm not sure why this is always a concern. It's a supply and demand, free market system. A beautiful thing, we're told. The only real method to control it would involve government intervention and subsidy. Socialism, in other words.

  • The Real Maverick Orem, UT
    July 28, 2014 10:30 a.m.

    What would be bad if we strongly regulated colleges like we used to strongly regulate the banks?

    I see no reason why colleges can raise tuition exponentially and without reason.

    Why not regulate them and prosecute those who are gouging students?

    Besides, if we have $2 trillion to throw away in Iraq then how can we rationalize not assisting our own students? We enrich Middle East terrorists, rebuild countries, and empower jokes like Karzai but don't assist our own students?

    How does this make any sense?

    It's like us enriching and empowering Japan, the Soviets, and Red China in the 1950s, while refusing to pass the GI Bill at home.

  • ordinaryfolks seattle, WA
    July 28, 2014 9:48 a.m.

    I venture into a veritable forest of contempt from our right wing friends to point this out, but...

    The President and his wife, both of whom did not have the good fortune to come from wealthy families, did not pay off their student loans until the mid 2000's. Now, if the current President had problems paying off his legal education bills, I can not imagine what an average student will have to do to pay off his/hers.

    It is not so easy to say, well just go to a cheaper university, since even the "cheaper" places cost a bundle. And the predatory for-profit universities are an even bigger rip-off.

    I don't know how we can fix the system, but I can tell you it is broken. I can not see how anyone can argue that bankrupting their children or grandchildren at an early age because of student loans is a good idea for anyone's future.

  • Esquire Springville, UT
    July 28, 2014 9:15 a.m.

    I read somewhere that the amount of money we have been spending in Iraq and Afghanistan would easily pay the tuition of every college student in America. I don't know, necessarily, if I'm advocating that, but I think it should be a catalyst for examining our spending priorities and making college more affordable and not burdening students with such enormous debt.