Private College Student Loan

Can America afford an Education Crisis ?

A byproduct of the credit Crunch has been a substantial cutback in student lending from Private banks and Credit Unions. Further complicating the issue is a restructured federal loan program that has narrowed it's opportunity's and in some cases cut others outright. The congress and the Fed were very active in the media reassuring American students, what they left out was the gauntlet now facing Middle class families. Now today here on yahoo we've got a 123 punch revolving around public schools going through various stages of ..? one about a 4 day school week http://news.yahoo.com/s/ap/20080818/ap_on_re_us/schools_hard_times One about teachers being allowed to carry guns into their class rooms http://news.yahoo.com/s/nm/20080815/us_nm/texas_guns_dc And yet another where the poor part of town is going to Skip the first day of school in protest of inequities in spending... http://news.yahoo.com/s/ap/20080729/ap_on_re_us/school_funding_protest http://www.insidehighered.com/news/2008/04/10/loans who loses when we let our schools go? when higher education becomes something only a certain sector of the population gets to experience? Is the education situation yet another example of the Class war ? Check out "Drew Blood" .. wow that was a pearl of wisdom...from somewhere ?

Public Comments

1. That crisis is already here and only getting worse thanks to the democrats
2. No we can't but this year my daughter's student loan offer was significantly higher that previous years so I don't see a problem..
3. The education "crises" can be laid squarely at the foot of the higher education system who is in cahoots with both lending agencies, FAFSA, and of course the scholarly book manufacturers, who have to publish new books every year. We also have to lay the blame at the people who take on so much debt for college, you cannot expect the government or others to pick up the tab because you desire an Ivy League education.
4. First of all, student loans are a complete rip off. They are little more than a legalized scam. College keeps getting more expensive because colleges refuse to cut expenses and reign in costs. Public school have been getting short changed for years. In the end, we all lose.
5. Whether we can afford it or not it's here. And needs to be dealt with. It is so easy for some to blame the Democrats. This problem is across the board. As has been said. The student loan program is a sham. Public schools have been getting kicked around for awhile. NCLB tried to ruin the poorer districts instead of boosting them up. Parents and citizens once again need to demand better. Oh and I bet some will complain of the teachers union. When they don't have a clue.
6. Sorry, the education crisis began long long before the credit crunch.
7. they want you poor and stupid so the only option you have is the military. It's been done before.
8. I honestly don't understand why people actually believe that EVERYBODY is ENTITLED to a college education? Call me old fashioned, but in my day (just 15 years ago) if you didn't get good grades or get a scholarship, then you didn't go on to college. Your only other option after that was to get a part time job, go to a junior college, and hopefully in 2 years you could transfer to a 4-year school as a sophmore. Or you could drown yourself in student loans and graduate in 4-years with $100k in debt (assuming your parents were willing to co-sign or put their mortgage up as collateral). But the idea that EVERYBODY is ENTITLED to higher education is nonsense. I just answered a question with a similar answer that our children need to be brought up to believe that if they want something they have to EARN it. They have to WORK for it. They have to make SACRAFICES for it. Gold Medals, making the team, and a trip to college are the rewards of hard work and discipline. Not entitlement. So if you're 18 and graduated high school with a 2.5 GPA and your parents make less than $50,000 a year, then unless you're willing to work TEN TIMES harder than you've ever worked before to get there, then college probably isn't in your future. And maybe you need to learn to accept it.
9. Almost every public school in every big city has been under the control of Democrats for more that 50 years. Chicago is a great example; a total cesspool. The democrats just keep dumping cash into the pool with no results.
10. "Is the education situation yet another example of the Class war ?" No, it's another example of a large number of people's war against reality. The Constitution says nothing about Education. The reason is that it was obvious to the founders that education is a family responsibility, and the closer the matter is to the family when addressed, the better the result will be. Yet, here you are, apparently unhappy with the predictable result of the federalization of your responsibility to educate your children, and you use that result as further justification to give them greater power to screw it up even more. Here's an idea, how about we do something different, such as go back to a time when it all actually worked, meaning get the federal government out of it entirely?
11. There was a time, not so long ago when a 6th to 8th grade education was all that was needed.High school was thought to be a waste of time for a farm kid, or inner city worker. WW2 changed this.If parents would back the schools, allow corporal punishment, and insist that kids be obedient to family values, then it would be worth pressing a better school benefit. As it is, there are no real opportunity for many of our kids who graduate high school but can't read well, or spell, and have no concept of how life works.Let those who can do, the rest, there is always the democratic welfare system.
12. Ignorant people tend to be swayed by propaganda. We can't afford another conservative, and we can't afford substandard or inaccessible education. Get rid of the cause, fix the problem, and never fall for this stupidity again, no matter how popular a grade B actor tries to sell you a bill of goods.
13. Yes We need to start with the parents that took those credit applications and thought they could. We also need to look at past students that have defaulted on their student loans, off particular - professionals that have not paid back government loans. Finding the root cause is essential to reign in Higher Education prices. Enforcing Education Laws and demanding Congressional Audits of School Finance Records, even what ever subsides each school gets from government to ensure there is no conflict of interest. I do not feel sorrow nor pain for those students that think they deserve an education when they can barely read or apply simple math. I find it amusing when I hear co-workers demanding a 'right' for their kids higher education when they them selves frown on goverment and do nothing or when they them selves cannot put in a cents worth on knowledge of advise for financial planning for their kids.