Sunday, March 29, 2009

But what they still don't get is...

The Obama Administration certainly seems to have good intentions as it meets Tuesday to discuss reforming student loans. But as there seems to be a disconnect between the idea of clearing bad debt from off the balance sheets of the banks and long term inflation-adjusted stagnant wages, there's also a disconnect between giving student loans and then expecting students to find the jobs they need to pay for the loans.

Shall we now begin to only give loans to students who major in a "marketable" field? How discriminatory would that be? That would mean less funding for students who major in the Arts and Humanities, for instance. This would result in a warped society. Surely, the Obama Administration expects these students to have JOBS when they get out of college to pay these loans?

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