One of the ways in which our aristocracy insures that our children will be their slaves forever is via student loans. By requiring students to take out loans that are unpayable within their lifetimes, the aristocracy then uses legal bondage enforced at government gunpoint (the loans are non-dischargable) to forever drain young people of every bit of income that they ever make in their entire lives beyond that necessary for basic subsistence.
Defenders of the current student loan system state two things:
1) That it’s impossible to provide free public college education to every public university student, despite the fact that until forty years ago that was the norm, and
2) It’s only fair that the people who benefit from a college education are the ones who pay for it.
Let’s address #1 first. Is it true that it’s financially impossible to provide a free public college education to every public university student? In fact, the math has been done on that. The amount of money needed to do that is almost identical to what the Federal government *alone* spends on Pell Grants and student loan subsidies. And that’s not even counting the money that states throw into state scholarship pots. In short, by eliminating the whole student aid farce and simply providing the money directly to public colleges and universities on a per-student-hour basis, the cost savings from eliminating that whole bureaucracy-laden process of providing individual student assistance — processing millions of student loan applications per year, disbursing millions of student loan checks per year — would more than make up for the cost of subsidizing those students who aren’t already receiving student assistance. So clearly inability to pay for a free college education for every public university student isn’t the reason why public universities are becoming increasingly expensive — it’s because hiking the prices then forcing students to take out student loans to pay them allows the aristocracy to create a generation of serfs.
So let’s look at #2, the notion that the people who benefit from a college education should pay for it. I’m not going to get a college education anytime soon — been there, done that, half a century ago — so why should I pay for some young sprout’s college education via my taxes? Well, my business needs to hire people to do a lot of different things. If I can’t find educated people to hire, how am I going to succeed? I’m benefiting from the education of the college grads I hire too, why should I get a free ride and require them to pay full price for something that I, a businessman, am benefiting from too?
In short, more than the person receiving the college education benefits from that education. His future employers benefit from that education too. Society as a whole benefits, for that matter. If someone gets a med school degree, we have more health care in our society, for example. Why should that person bear the whole cost of achieving that degree, when society as a whole benefits from him having that education?
In short, a) we could have the U.S. people as a whole pay for free college education for every current public university student without spending a dime more on college tuition assistance, and b) it’s the only fair thing to do, since employers and society as a whole benefit from having more skilled educated people in the workforce. But it won’t happen, because c) it would interfere with the aristocracy’s plan to force young people into debt serfdom for the rest of their lives.
Which is why the USA is becoming a big-ass banana republic. Just sayin’.
- Badtux the Serfin’ USA Penguin