Tag: Student financial aid

An idea I am behind..

The next big bubble that will burst, if the wholehousing market or government money printing & incessant borrowing leftist agenda, and forced anti-savings money policies, which the Europeans have adopted, doesn’t blow up on us yet again, will be the student loan bubble. There is another $1.2 trillion of tax payer liability, waiting to blow up as the economic policies of the nanny staters create even more unemployment for the people leaving college with massive debts. And when it goes, you can bet that it will be those of us that bailed the government, their friends and donors in the “Too big to fail” industries, and are now paying for the democrats to buy enough votes to give them more than even odds at retaining power and causing more misery for us all, that will foot the bill for that too.

So you can see why I live the idea of having colleges be partially responsible for giving out student loans. It would both act as a deterrent on the faster-than-inflation rise in higher education costs, and the idiotic admission policies that have turned everything but the hard science and engineering schools of practically all universities and colleges into indoctrination camps for the lefts idiotic ideas. That’s probably why nobody on the left would ever want to put a policy like this in place either, but it would definitely address the problems affecting the higher education establishment, and our country as a whole, all at once.

If a college or university lets an under qualified high risk of failure applicant in, usually over better qualified ones, and they fail, then having to pony up lets say 60% of what that student owes will act as the best deterrent against these stupid policies. Similarly, letting students attend college for a fortune to learn skills that will not qualify them to do anything but flip burgers, will wipe out all these fringe and useless degrees people pay an arm and a leg for, usually so they can party hard for however many years it takes to get a degree these years. I am sure the fluff schools, where most of the leftist indoctrination and monolithic thinking goes on these days, wouldn’t want something like this, ever. It would be the end of their goose that laid the golden egg era.

So, yeah none of the academic institutions now profiting of the incestuous relationships between the government mandated loans and their institutions, and even the leftists in government, would suffer from such a move, but the students and the tax payers that foot the bills when the students default, currently screwed over by these institutions and their buddies in government that like the deal because they get a lot of leftist indoctrinated drones that will vote for them, sure would.

Maybe that’s precisely why we will not get it ever. Right now the progtards are getting the best of all worlds in this exchange. The left has too much to lose, and they love doing things that make them rich and powerful, as long as they don’t have to foot the bill themselves.

Thanks for the votes…

Now bend over and take it real good:

Sorry, college students. President Obama has cut your access to Pell Grants by 33%; he just forgot to mention it before Election Day.

During the recent campaign, President Obama claimed credit for increasing funding to the Pell Grant program, which provides college funds, free from repayment, to millions of students. However, an email sent out Tuesday to some Dallas college students is revealing a detail the President forgot to mention: the time a student can receive a Pell Grant has been cut, by as much as three years. With Pell Grants for the fall semester now dispersed, colleges are informing students of their options, bringing the cuts to light.

The email, sent out by the Dallas County Community College District, informed students of the changes to the Pell Grant program. It revealed that the number of semesters a student could receive a Pell Grant had been cut from 18 semesters down to 12. It is a detail likely unknown to most students; in fact, the cut in grants has gone largely unreported by the media.

SAY IT AIN’T SO!

Not only did Obama not point out this was going to happen while lying about raising Pell grants; the LSM kept mum about it! Not true you say?

This cut in eligibility was never mentioned by President Obama during the campaign, and when he boasted about increasing funding to the Pell Grant program, CNN fact-checked his claim as true. While the amount of government funding to the program is going up in future years, CNN failed miserably by not pointing out the cuts in eligibility to students. The cuts could be a rude awakening to students who thought President Obama was expanding their educational opportunities.

It is almost as if the LSM was in on the fix for this guy……

But hey, there is no bias in the media. If the LSM did their job demcorats would automatically lose between 5 and 25% of their usual votes depending on location, and never again win any serious elections other than in the usual urban cesspools that all are doing so well because of decades of undesputed total democrat control.

Karma baby! Like I pointed out, the people hardest hit by the stupid from the left are those that were most eager to vote for these crooks. It’s a pitty those of us that knew better also have to suffer along with these morons.