First of all, student loans tend to be much larger than other loans, so it's different from a situation where a person takes out a little credit and then it slowly accumulates over time without any one point where the person says, "Give me $250,000 - I can pay it off with my part-time job at Radio Shack".
Second, banks factor risk of default into their cost of borrowing (or at least they should - let's not get started on a subprime discussion here). However, because the Federal government is involved in the student loan process they don't really have the same latitude to do that with student loans.
Third, as Praziquantel pointed out below, the very subsidizing of education has led to soaring costs and outright fraud (I think it's the University of Phoenix Online, American InterContinental, Ashford, and a whole host of other colleges that are milking the system in very unscrupulous ways).
Second, banks factor risk of default into their cost of borrowing (or at least they should - let's not get started on a subprime discussion here). However, because the Federal government is involved in the student loan process they don't really have the same latitude to do that with student loans.
Third, as Praziquantel pointed out below, the very subsidizing of education has led to soaring costs and outright fraud (I think it's the University of Phoenix Online, American InterContinental, Ashford, and a whole host of other colleges that are milking the system in very unscrupulous ways).
Political correctness is the pettiest form of casuistry.
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
An Open Letter to All People with Nothing Better To Do
20/11/2011 10:49:21 AM
- 1748 Views
Huzah! A man chooses and a slave obeys! *NM*
20/11/2011 10:56:42 AM
- 530 Views
Yeah, 'cos YTs comments are all about disobedience, and the OWSers are all about submission.
20/11/2011 12:24:36 PM
- 856 Views
Actually, my comment are about taking responsibility for yourself. *NM*
20/11/2011 05:48:33 PM
- 538 Views
As usual you miss the point completely. *NM*
20/11/2011 08:27:02 PM
- 531 Views
You want people vocally refusing slavery to return to slavery; I got the point.
21/11/2011 11:24:21 PM
- 953 Views
If what I was saying amounted to that than what your arguing for would to...
22/11/2011 06:32:04 AM
- 829 Views
This is also not about you; the response to which you replied here has been edited accordingly.
22/11/2011 08:10:21 AM
- 895 Views
How much violence has there actually been?
20/11/2011 12:35:54 PM
- 885 Views
Re: How much violence has there actually been?
20/11/2011 12:44:00 PM
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Because it's easy.
20/11/2011 12:49:02 PM
- 849 Views
I think it's great that student loans can't be discharged in bankruptcy.
20/11/2011 06:27:27 PM
- 765 Views
Asian parents have the right idea
20/11/2011 08:49:39 PM
- 893 Views
because that's not a huge generalization of an entire race...
20/11/2011 09:05:26 PM
- 837 Views
every pakistani, indian, viet, chinese, cambodian person I know (and thats a lot) ....
20/11/2011 09:27:34 PM
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I had a lot of asian peers in class growing up with parents who were not like that
20/11/2011 10:35:45 PM
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I understand that, and agree to a certain extent.
20/11/2011 11:53:30 PM
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Well...
21/11/2011 05:39:09 AM
- 795 Views
To take it a step further
21/11/2011 02:36:49 AM
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Fees are mostly increasing because of tuition increase caps paired with state funding cuts
21/11/2011 01:50:02 PM
- 726 Views
Ultimately, there is only black and white, but they mix freely and liberally in the real world.
21/11/2011 11:38:34 PM
- 752 Views
HUZZAH! Very well said.
20/11/2011 01:20:48 PM
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Our leaders should be held accountable for refusing to lead, and we for accepting that.
22/11/2011 12:09:51 AM
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I think people were jeering OWS for not being "focused" because there are so many damn problems
20/11/2011 04:54:24 PM
- 881 Views
Largely true, in many respects; again, the Tea Party had much the same problem for the same reasons.
22/11/2011 12:26:29 AM
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It is WEIRD when Ron Paul consistently comes off as the least insane GOP candidate
22/11/2011 02:56:33 AM
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Yeah, I recall that link, and still do not entirely agree with it.
22/11/2011 04:16:13 AM
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"There are plenty of jobs and pay"... Do you read the news? *NM*
20/11/2011 12:42:30 PM
- 498 Views
Yep, there are lots of jobs...
20/11/2011 05:49:58 PM
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Re: Yep, there are lots of jobs...
22/11/2011 04:01:35 AM
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I know about a dozen Philosophy Majors off the top of my head, all of whom are gainfully employed.
22/11/2011 11:36:47 AM
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Re:I know about a dozen Philosophy Majors off the top of my head,all of whom are gainfully employed.
24/11/2011 04:30:00 AM
- 976 Views
Excercise in creative thinking...
20/11/2011 06:45:49 PM
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So you think there's no real unemployment problem aside from people being lazy and entitled? *NM*
21/11/2011 03:32:16 AM
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I'm sorry dude, but there ARE jobs.
20/11/2011 07:21:21 PM
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but what kind of jobs?
20/11/2011 08:08:58 PM
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"My plastic surgeon" WTF Aisha
20/11/2011 08:36:13 PM
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Im a nurse
20/11/2011 09:24:14 PM
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You had me worried about the young girl I used to know for a moment. *NM*
21/11/2011 01:01:04 AM
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I actually have a lot of respect for plastic surgeons outside pure cosmetics
21/11/2011 01:02:59 AM
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job that pay money
20/11/2011 08:57:55 PM
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lets face it. all the jobs you just mentioned are jobs illegals take
20/11/2011 09:35:07 PM
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Re: lets face it. all the jobs you just mentioned are jobs illegals take
20/11/2011 10:29:16 PM
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Re: lets face it. all the jobs you just mentioned are jobs illegals take
21/11/2011 12:19:52 AM
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That's a shitty situation
21/11/2011 12:24:20 AM
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First of all, I worked at a dairy and have a friend who busses tables.
20/11/2011 10:32:39 PM
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Actually it is the case in some parts of America. Just not the parts that get mentioned.
22/11/2011 04:05:44 AM
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Doesn't matter when people aren't there, or people don't have the required skills.
20/11/2011 11:51:53 PM
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If you can drive a truck I can get you a job tommorw hauling sand for fracing *NM*
02/09/2012 09:32:39 PM
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...I feel like you've been getting all of your information from TV News. This isn't about bills.
20/11/2011 04:35:13 PM
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Wait...you think there is a problem with courts treating corporations as persons?
20/11/2011 08:33:43 PM
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You know what he meant.
20/11/2011 09:32:59 PM
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You're talking about the Supreme Court case Citizens United v. Federal Elections Commission.
20/11/2011 10:38:43 PM
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Pretty sure the inception of corporations was not 1886.
22/11/2011 05:45:31 AM
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You do realize...
22/11/2011 06:01:47 AM
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Almost anything CAN happen.
22/11/2011 07:43:31 AM
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Actually I think we should be prosecuting these people
22/11/2011 07:46:56 AM
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Well, this is a red letter day; I agree with nearly, perhaps ENTIRELY, all of what you said here.
22/11/2011 07:59:42 AM
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You're right. I will hand you your ass on this one. If you give me gloves before touching it.
23/11/2011 02:26:35 PM
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Funny how once we as a society used protesting for non personal gain ...
20/11/2011 08:49:37 PM
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Good post
20/11/2011 09:13:12 PM
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The UN is clearly out of touch with reality.
20/11/2011 10:44:44 PM
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"There is no right to work"?
22/11/2011 05:50:30 AM
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That would be a legal right relating to unions not a basic human right. *NM*
22/11/2011 05:57:34 AM
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Right; there is a right to work when it suits you, and not when it does not.
22/11/2011 07:16:40 AM
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...do you know what "right-to-work" in those states entails?
22/11/2011 07:55:02 AM
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I would not pretend to be an authority on it, no, but broadly speaking, yes.
22/11/2011 08:12:50 AM
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Also, do you even have a job yet? *NM*
22/11/2011 06:02:11 AM
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Ikke ennå.
22/11/2011 07:28:27 AM
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So do you think there is no cause whatsoever for protest?
21/11/2011 03:31:04 AM
- 821 Views
I don't think the protest is about being people feeling entitled
22/11/2011 07:45:50 AM
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Re: I don't think the protest is about being people feeling entitled
24/11/2011 03:07:09 AM
- 750 Views