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Ron Paul Wants To End the Federal Student Loan Program
On the heels of declaring his intent to axe a few departments from the federal government, Ron Paul has revealed more plans should he become President. The_THOMAS writes "Ron Paul wants to end Federal student loans stating that the Government involvement artificially inflates the cost of a college education and that once the government is out of the situation, students will be able to work their way to a college degree. What do you think?"
In California, since the 1970's, the state has subsidized less and less of the tuition for students, while student loan amounts have not been increased substantially, and yet the state universities have not gotten less expensive in the process.
Sometimes Ron Paul says things that are correct, but silly (like how we could lower health care costs by removing the requirement medical providers be licensed. Probably true, but....) Mostly though, he just says things that are incorrect and silly. His supporters piece together some sort of reality from this that makes sense to them, I guess.
And what of the flip side? The people who really achieve in the field they studies at University, but wouldn't have been able to go were it not for student loans. Are they a price worth paying for libertarian ideology?
Can America afford to be less educated?
A loan isn't a subsidy. But if student loans were indeed the cause of the high price of college, what makes you think stopping them would make the price go down?
I went to school on the GI bill, and the state of Illinois paid my tuition. That's s subsidy. But I still had to work and was still dirt poor. That was in 1975; when did the school cost inflation begin?
Without student loans, only children of the wealthy will be able to go to college. The price keeps it out of reach of the working class, and always has. Education never was inexpensive.
Free Martian Whores!