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Reply to "WTF? Govt rewarding bad behavior Part II"
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[quote=TheManWithAUsername][quote=Anonymous]Under the new version of Pay As You Earn, borrowers would pay 10 percent of “discretionary income,” defined as total income above 150% of the federal poverty level (about $16,000 for an individual). After 20 years, the loan is forgiven. *** This allows current politicians to claim to be helping students, while forcing future politicians to figure out how to pay for it. Needless to say, that is not a healthy way to make policy. If current politicians want to help borrowers, they should be the ones sacrificing other priorities to do so.[/quote] These look like very good points. Anyone have a good counter? I like that Harkin quote. We have to break out of this ridiculous liberal arts BA system. You pay $700 a month for 20 years for the certification your ability to sit in a chair for several hours a day and to write a handful of essays per year. Students get few practical skills, employers get little useful information, and in exchange colleges get lots of money. I look at the signs of those 99%ers writing about their loans and their ridiculous degrees and I waver between contempt and deep sympathy.[/quote]
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