We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.
Sentiment: NEGATIVE
That just doesn't make sense, that government should be making money off students.
For too many years, politicians in Washington have been eager to pledge more hard-earned taxpayer dollars to help deal with the student debt load. But this doesn't sit right with the many Americans who take pride in making fiscally responsible choices and paying off their loans on time.
You might say those who can't repay their student debts shouldn't have borrowed in the first place. But they had no way of knowing just how bad the jobs market would become.
For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.
The middle and working classes are paying the debt that the financial markets created.
Every dollar spent on education should go toward helping our teachers teach and our students learn.
We should make sure that unscrupulous schools do not prey on uninformed students, leaving them with high debt and useless degrees.
There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks.
As a society we should be encouraging people out of the debt-culture mindset, not promoting it.
Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?
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