Government to Cut College Loans

I was reading through the top news articles on Yahoo! News earlier and came across something that reall bothered me...

Have you guys heard about what the government is doing with college loans?

From Yahoo News...

College tuition costs have been rising faster than inflation for decades, but budget cutters in Congress added a little extra pain for parents and students this year. As part of a $40 billion budget-reduction package expected to be signed into law soon by President George W. Bush, lawmakers cut $13 billion from the student loan program.

That really makes me mad. The cost of a college education is becoming almost impossible for many, many potential students. Cutting loan payments is sure to only make the economy worse.

You can read the full article here:

Student Loans: Outflank The Hikes Ahead

Posted in Kryptonite11's blog | delicious | digg | reddit | 505 reads

Submitted by Kryptonite11 on January 28, 2006 - 1:58pm.

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Crono_101 | January 28, 2006 - 1:59pm

Come to Canada, it's just as expensive, and the gov't cares just as little.

But there is no Bush admin.

Plus the people here are sexy. Tis true.

o ceallaigh | January 28, 2006 - 3:01pm

I was white trash.

I worked my butt off, and I got lucky in lots of ways. Public education was not yet an oxymoron. And there was still, shock horror, the phenomenon of the "academic scholarship". I am now a scientist of reasonable standing. I should be doing better still, professionally and financially, but I have been stupid. I am nonetheless still lucky. Too damned many of my near relations count themselves fortunate to be working at near-minimum wage, no bennies, and no prospects.

We forget that, before the mid-19th century, only the rich and powerful had access to education, and before the mid-20th century, the best was still accessible only to these people. Many of the rich and powerful wish that had never changed.

We forget that it was illegal in this country to teach a slave to read and write, because then the slaveowner could no longer dictate the scope of the slave's world.

We forget that the New Deal of Franklin Roosevelt, the foundation of the civil rights and other (I guess temporary) movements to empower all classes of Americans, was forged over the dead bodies of the oil and transportation billionaires. (Oh - did you notice? Chevron posted record profits today.)

We have allowed our public schools to deteriorate to the point that the moneyed feel justified in abandoning them, and the colleges and universities smell expansion and profit in selling to twentysomethings the courses they didn't pass, or didn't have available to them, in their teens.

We mortgage our great-grandchildren so that our college students can acquire the basic skills our grandparents expected of the average twelve-year-old.

We make bona fide scholarships available only to the mercenaries who are hired into the university's advertising department, sponsored and funded by the National Collegiate Athletic Association.

We sacrifice our republican liberties and our leadership in science and technology to the Captains of Industry and their tools, the thought police whose symbol is a cross, who hate the very idea that some one might escape from their poverty of body and spirit.

And we distract ourselves with Super Bowls and Skating with the Stars, thoughtfully provided by Our Corporate Masters to keep us anaesthetized.

WHEN THE FUCK ARE WE GOING TO WAKE UP??!?


missmaster | January 28, 2006 - 4:27pm

.. in a previous blog entry, college and university teaches nothing about real life. Plus they don't give you the best of starts in life even if you do come out as a qualified doctor or whatever: debt up to your eyeballs. I agree that the education level in academic institutions has fallen dramatically. And, somewhat unsurprisingly, the cost of them seems to have risen and the financial aid most need has decreased. MMM That makes a whole lot of sense. Not. I don't see these places as being as beneficial to career seekers as they used to be. I did much better for myself by actually leaving university after 3 years of a 4 year course! Way better. Figure that one out then!


o ceallaigh | January 28, 2006 - 5:08pm

the cost of them seems to have risen and the financial aid most need has decreased. MMM That makes a whole lot of sense. Not.

Would you believe, the large spikes in the cost of college tuition that began in the 1980s started off as a marketing tool? You heard me. Parents, flush with cash from the Reagan economic boom, would look at a college that charged too little, say "What's wrong with it?", and send their C-student Bush clones to the more expensive ones. This started a race.

Faculty were pleased, 'cause it meant that, for a brief while, their salaries rose slightly above those of dustmen, and their buildings rose slightly above the levels of elegantly facaded tarpaper shacks.

Managers were pleased, because it allowed their salaries to reach to a tenth of one percent of those of their counterparts in industry (which seemed a fortune) and expand their patronage (sorry, their staffs), all while making significant contributions to the instutional endowments.

Students were pleased, because in the rush to make the richest ones happy the colleges erected new luxury hotels (sorry, dormitories), and their educational standards declined to keep the kiddies in school (and paying, of course). The decline in standards, of course, depressed the faculty, who (especially in the sciences) were simultaneously being told to earn as much of their salaries as possible some other way (for instance, through research grants and contracts). So teaching responsibilities devolved to the lowest possible level. Chinese-speaking first-year graduate students. At least that's what it seemed like to those being taught - real Chinese graduate students usually spoke English better than the natives.

Besides which, university teaching is best suited to produce - university teachers. This works in the sciences, where teaching and research go (uneasily) hand in hand, and there's market for the science elsewhere only in specialized domains - you need the twenty-year social investment in a discipline, through university research, before some wonk can run off and make an "instant" fortune with it in a business. Doesn't work very well anywhere else. Does it?

I tell any junior high schooler or early high schooler who asks the same thing. Figure out what you wish to do with yourself. Be honest about your abilities and willingness to work - if you're not, stop. Work that out for yourself before you start again. Once you've set goals, ask whether you need college to meet them. If you do, do what you need to to get into college, and the one that will get you what you need at the least possible cost. Not the one with the cutest cheerleaders or the best record in football. If you don't, don't go. Work out instead what you need to do to succeed, and do that.

I think I'm finally beginning to run down on this topic ... :)


missmaster | January 29, 2006 - 3:37pm

.. though, that most kids don't know what they wanna be when they 'grow up'. I think most think that it's the 'proper thing to do', if their parents can afford it, so they pick a subject and go to College/Uni. Then they actually mature and find out that they picked the wrong course for all the wrong reasons. And the government has the cheek to charge people ridiculous amounts of money for this?? Unbelievable.


o ceallaigh | January 29, 2006 - 6:18pm

...that most kids don't know what they wanna be when they 'grow up'.

Yeah, and I confess I relate to this less well than others. I pretty much knew what I was after by the age of 14, and was fortunate enough to get to do it. I know that's rare.

I had one kid that "knew", and one kid that didn't. To the one I said "go for it". To the other I said "close no doors". I would say the same thing I said to my "other kid" to children who are still looking: don't do anything (e.g. underperform in secondary school, go to college before you're ready and get trash grades that will make reentry that much harder) that will close a door before you're ready to close it yourself.

(Unfortunately people I trusted were telling my kids other things, often without my knowledge. The kids suffered, they're still working life out as young adults, and I'm no longer with the people I once trusted. Sigh.)


missmaster | January 30, 2006 - 2:42pm

.. is an age limit, ie you have to be, say, 21 before you can be accepted to college or university. That gives the kids a little time to think about what they might want to do with their life, plus earn some money to give them a head start.

As for your last comment, kids are extremely influential and impressionable, so don't blame yourself.


o ceallaigh | January 30, 2006 - 3:28pm

is an age limit

Would you believe, once upon a time we had one of those, at least for impecunious males. In Europe, it was called "compulsory military service"; in America, the draft. We know what has happened to those.

I think limits are, well, limiting. There are 15-year-olds I'd trust with my life, and 50-year-olds I wouldn't trust with a toilet flush. A person should be able, ideally, to pursue whatever talents and drives that person is granted, at that person's good time, assuming always the Hippocratic Oath of Career Choice - yes, "do no harm". But The Machine doesn't like to have to think about what it does to people.


missmaster | January 31, 2006 - 10:08am

.. I must agree. Kids mature at different ages and I guess you do get some who know from the moment they can talk what they will do with their lives. There must be a way the government can make these things a little easier for the kids AND the parents who usually end up footing the bill for this stuff!


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