This page has been archived and commenting is disabled.
Degrees For Dollars: Students Petition Uncle Sam To Refund Student Loans For Worthless Diplomas
Student debt has seemingly been the transmission channel of choice for pumping credit into the US economy for the last few years as the government addition of $1 trillion has done nothing but leave those under-55 with fewer and fewer jobs (especially above-minimum-wage jobs) while saddled with non-extinguishable debt. Of course, this 'pump' of credit has had the usual unintended 'inflationary' consequence of raising tuition prices (which as we noted this morning was the main driver of inflation in the UK overnight). So what would be fair? Cue: A Petition to "Provide University graduates the ability to trade their Diplomas back for 100% tuition refunds" The hope-driven (or hopelessness) push into higher education (and implicitly higher debt), in a nation where the marginal benefit of Calculus 101 over a strong right 'burger-flipping / coffee-machine-pressing' wrist is falling by the day, seems to warrant further societal protection. All that's needed is 25,000 signatures to move this forward.
We petition the obama administration to:
Provide University graduates ability to trade their diplomas back for 100% tuition refunds.
Because of the inability of recent college graduates to find gainful employment in order to repay their college debt, and since this college debt cannot be eliminated in bankruptcy, and most of the recent additions to the job market have been in service related industries, the Obama administration should take up the cause of reducing college debt and hold those accountable responsible.
In the name of Consumer Protection, recent college graduates should have the ability to return the diploma and not make any reference to receiving education from the college in exchange for a 100% refund of college tuition. This may be extended with a graduated (ha, get it?) reduction for the last four years, with a red line at January 20, 2008.
Click image for a link to the White House petition site...
»
- 24496 reads
- Printer-friendly version
- Send to friend
- advertisements -
HI EVERYBODY, I'm Dr. Nick!
http://en.wikipedia.org/wiki/Dr._Nick_%28The_Simpsons%29
<-- Graduate degree here, so full disclosure is warranted, and I'm not bragging (what's there to brag about, at any rate?).
The "higher" educational system, which now includes such vaunted institutions of learning as study-in-your-pajamas.com and Everest University, is a huge racket that uses taxpayer guaranteed "student loans" (good luck getting water from the rocks that are debt-enslaved students, whether pre or post-bankruptcy), is a massive scam designed around job security and wage security for literally tens of thousands of "professors" (tenured or otherwise) and "deans."
In many respects, the higher education system mirrors the for-profit prison system in the U.S., where the average cost of a year of attendance at either institution is rising towards parity, and the U.S. taxpayer is ultimately on the hook for the costs of incarcerating or "educating" either the prisoner or student.
The prison and "college" subsidization needs to end. It's total, unmitigated bullshit.
Taxpayers should not be shelling out 40k per year to house prisoners who were sentenced to 3 years because some 19 year old had a dime bag of pot, and they certainly shouldn't be shelling out 50k to 200k so students can obtain a fine arts degree from the University of Pennsylvania or a vacuum tube repairman certificate from ITT Technical Institute.
I realize that taking many of the non-violent pot smokers out of prison and rejecting 50k taxpayer loans to students of educationconnection.com will adversely impact the for-profit Prison & Education scams (where wardens & deans get compensated based on headcount), but the shit has got to stop. Subsidization of banks, Wall Street, the defense contractors, the prison racketeering operation and the education scammers is out of fucking control.
Solid post.
The prision system is like a giant ponzi scheme. Transfering a bunch of frn all around and needs a constant stream of new blood to stay afloat. Free medical/dental/food and housing. Not much different than other forms of social welfare in which many profit on the demise of others.
Just like for profit education. Give me paper, I'll give you a paper, that maybe you can turn into more paper, so you can pay back the paper borrowed from a paper producer.
Fund accounting 101, spend it all this year or you won't get as much next year and increase your budget every year, so you get a bigger slice of the pie.
Year 1: university demands $200 receives $100>spends $100 on faculty salaries, $20 on retirement promises, and $50 on unnecessary infrastructure development
Year 2: university demands $300 receives $150>spends $125 on faculty salaries, $25 on retirement promises, $50 on debt service for previous unnecessary infrastructure development and $25 for additional unnecessary infrastructure development.
Years 3-Year X: continues on same path until eventually meeting resource constraints and the end to the greater fool theory in Year X.
Agreed. Another case of similarity between Education and Prisons is exposed in a documentary called "War on Kids". As a related anecdote, a friend of mine returned to a his texas hometown last year after several years away and found his high school surrounded by barbwire fences with gaurds at the gates and hyped up security throughout the building.
In order to make the seperation you propose, we first need to get rid of our fascist government. Unfortunately, it will likely blow itself up first, before the people have heart to move against it. Kind of similar to how the germans sat by and watched people be carted off to death camps and watched their government wage wars of agression. Probably the best advice is just to GTFO, go live somewhere where the government can't collect on your "debts". A mass exodus should be sufficient to cripple the federal snake coiled around heart of the US, without the need for violence.
Or civil war, whatever.
Make it so you can just flip your degree to the Fed. They're used to paying top dollar for worthless paper.
Edit: They're used to swapping worthless paper for worthless paper.
Maybe swap the College degree for MBS securities held in the Fed "portfolio"
At least the kids will get a house.
It's all Monopoly money anyway.
(I'm waiting for the Milton-Bradley logo to show up on Federal Reserve Notes any day...)
Well, FRNs are color-coordinated to Monopoly Money...
Have to always remember this particular businessman.
Debt should be growing, no matter what. Meet Uncle "No Refunds" Sam!
Good 'american' humour. Very typical. The founding father syndrom, thinking of himself a great thinker of his times...
This said, well, why not allow that kind of prank effort?
It allows people to vent their frustration in a conformist, unsubversive way and will get people laugh at a problem while being impotent to solve it.
Better to let any joker be able to perform such acts.
'American' freedom of speech.
Has only collected 56 signatures or so... 'Americans' see it for what it is, another show in the 'american' circus they call freedom of speech as perceived by 'americans'.
Chinese fortune cookie say china steal oil and gold from African continent. china makee biig cities with no won live in them. You too will remain subservient to your master. Now, shut up and get me an egg roll!
Sure are a lot of these 25,000 signature Petitions to the POTUS showing up, just since the erection, this one, and now there is one who want the POTUS to revoke citizenship, and Deport ALL who sign the Secession from the Union petitions.That will be a Dooozy.
Seems the WELFARE recips do not want to lose PRODUCING states revenue.
And "We the People - Your Voice in Government" site going dark in 3...2...1...
OT: gee Ty', how 'bout that NFLX.
gemme da CASHHHHHHH!!!!
Can I petition Uncle Sam to refund my share of the $3 trillion that they have wasted on worthless wars in Iraq and Afghanistan? That will be about $10,000 a person.
Fraud destroys the validity of everything into which it enters. Nudd v. Burrows, 91 U.S. 426.
McNally v. U.S., 483 U.S. 350, 371-372, Quoting U.S. v Holzer, 816 F.2d. 304, 307. Fraud in its elementary common law sense of deceit includes the deliberate concealment of material information in a setting of fiduciary obligation. A public official is a fiduciary toward the public, and if he deliberately conceals material information from them he is guilty of fraud.”
Fraud. An intentional perversion of truth for the purpose of inducing another in reliance upon it to part with some valuable thing belonging to him or to surrender a legal right. A false representation of a matter of fact… which deceives and is intended to deceive another so that he shall act upon it to his legal injury. … It consists of some deceitful practice or willful device, resorted to with intent to deprive another of his right, or in some manner to do him injury… (Emphasis added) -Black’s Law Dictionary Fifth Edition, page 594.
FRAUD
Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”.
Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.
Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:
• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.
• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.
Step 3: Theft by Deception and Fraudulent Conveyance:
THEFT BY DECEPTION:
• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.
• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.
• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.
Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.
FRAUDULENT CONVEYANCE:
• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.
• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.
Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.
Don't think hiring a Bar card esquire is going to help you. They almost always throw you under bus
More here:
https://keystoliberty2.wordpress.com/2012/10/17/statute-fraud-in-the-ind...
Law dictionary and precedent meet John Roberts.
Ok, and who does the healthcare act apply to?
Swap worthless paper for worthless paper.
I'll turn in my diploma for a refund but lie on my resumee about the degree I earned. Yeah, that's the ticket. Epic Fail.
mistake post, sorry
Perhaps if many of them chose to get degrees which are useful, as opposed to liberal arts, women's studies or ancient african art.
The world needs more engineers, geologists, programmers and all sorts of other professions. Get useful education and then you will have your job.
The world needs more small businessmen and inventors. It doesn't need more engineers working for Uncle Scam, because he's about the only one hiring entry level engineers.
The Government won't allow for innovation, it creates too many rich people.
I'd still pick any of those items above that I listed over people with those useless degrees.
it may need them but it damn sure isn't willing to pay for them.
Market prices are market prices. Don't blame the Businesses for the current status of the supply/demand curve.
Let's say somehow the economy gets rolling again and there's suddenly a great demand for those who've stuck the taxpayers with the cost of their party, would it be illegal to hire someone for work related to a degree they've bailed on?
@IowaHawkBlog
Hum. I suspose this guy has gone to the University of Iowa. UofI is well known as a collection of liberal malcontents who preach, not teach, and he thought they would be able to provide him with a useful skills based education enabling him to get a job??? WTF? Maybe I am confused.
College can help many to get the useful skills for a job. The market is still booming in IT positions. Not to mention the massive shortgage of geologists.
In general schooling can, I agree. However you know as well as I that most college programs today are filled with non-skills based courses. My wife is taking a required class right now called "The Community and Me". You can imagine its value. That was my point.
Funny you mention IT. I have been in the industry for over a decade and I would NOT recommend it to anyone. If you're thinking about going to school for IT (or know someone that does), you might want to keep reading. Back around 2000 prospects for good money and career growth was sound. Not so much today. Based on my experience, H1-B visa holders and offshoring has KILLED good job availability and salaries. Why pay an American $35+/hr plus benefits when two Indians go for $30/hr without any benefits? Every company I have worked for has either outsourced their entire Development area or have done so partially. Again from my personal experience, most available IT jobs today are lowly network admin jobs at small companies that don't pay very well, Help Desk support jobs at large corporations that again don't pay very well or upper eschelon positions protected by political connections that usually go to incompetents (you can't get those).
If the choice was between IT and rocks. I say study rocks. :-)
Danny Noonan: I gotta go to college.
Ty Webb: You don't have to go to college. This isn't Russia. Is this Russia? This isn't Russia.
I'm sorry but anyone who majors in African women gay inter tribal studies in sub saharan climates should be guaranteed a fucking job! Damn it!
They are. See Michelle Obama $380,000 a year.
It's the engineering and science degrees that are worthless these days.
Fuck 'em.
That's my kind of savings plan.
But just try to take a pre-requisite course that includes a lab these days. First you go to the waiting list. Then you have to transfer the notice that an available seat has opened from an email to an instant message. Then you have stop driving or whatever you are doing to move as fast as you can to open the college webpage and click the right series of links to let them know that you want the available class and by then someone else has already filled it. You do this about 100 times each semester only to find that you can't get the class. Then you find out that other students have signed up at 3 different colleges to try to have a better chance at getting that one pre-requisite class.
It is tough out there.
I didn't have that problem taking A/p 1/2, uni chem, and micro back in 05. I took them all in the summer.
Can I get a refund on my taxes for the worthless government we have?
I've wanted a lawyer to pursue this for years. The Constitution states that you cannot have property taken without just compensation.
So if your assets are property, and the government confiscates them as taxes, and you are not getting anything in return, where is the just compensation?
Hi ejmoosa - good point there. I've been waiting for years to see some bright young lawyer really read college promotional literature carefully, documenting all the false promises, and then file a class action suit on behalf of all those who were defrauded by those explicit and implied promises. Read any college or university's promotional crap and it is obvious that is a manufacturer made those kinds of claims they would be in jail toot sweet.
There are a LOT of these lawsuits out there... among other classes, graduating law students have been cum blasted by this job market and have more loan debt than most... I think they lost the last suit on summary judgment or maybe even outright dismissal. Best of luck on a lawsuit.
Chasing this line of reasoning is a fool's errand.
First, income taxes are now part of the Constitution. See the 16th Amendment.
Second, the Constitution is irrelevant. It is routinely violated by all three branches of our government. I wish I was joking or exaggerating.
Here's just one obvious example: http://www.youtube.com/watch?v=wxXy-r7aatA
Sure, we can forgive the debt. We will just add it to the taxes we will need from you in the future. But you won't notice a thing.
As Bluto(john blushi) said in Animal House to Flounder after they wrecked his brother's car.
"It's your own fault Flounder, Ya shouldn't have trusted us..."
That's what happens when you chase pussy in college instead of taking the training process seriously.
I was reading that the escalation of student loans began with President Clinton encouraging Americans to go to college. Clinton was trying to find ways for Wall Street to like him, and Larry Summers suggested getting rid of The Glass Steagal Act of 1933. It was also suggested to Clinton to start promoting student loans. Clinton obeyed. Single mothers got off welfare and took on student loans and poor kids all across America who had no business going to college jumped in with both feet; accumulating loans that would choke a horse, and ending up with useless degrees. Also, Clinton was pushing for middle aged Americans to either start going to school, or go back to school. This created even more student loans. Interest rates at one time were at 13% on student loans, but now they are at 6.8%. In the meantime, Bernanke continues to give his banker buddies reserves at 0% interest.
"Mr. Casino Boss I didn't mean to play Craps, can I have my money back?"
"Fuck off kid, better luck next time!"
yawn
They would still retain all the valuable group think knowledge bestowed upon them and the hoop jumping experience...They would just give up the valuable proof of this?...I guess it comes out in a wash since they were not earning money at McDonald's for the time they frittered away in our College Ponzi Bubble. Fair enough.
Here is a petition worthy of your signature:
https://petitions.whitehouse.gov/petition/require-any-members-congress-having-dual-citizenship-publicly-disclose-such-dual-citizenship/1xPgx855
Require any members of Congress having dual citizenship to publicly disclose such dual citizenship.Require members of Congress, Secretaries in Federal Cabinet positions, member’s of the Federal Reserve Banking Corporation and other high offices in the Federal Government and military to disclose citizenship of any nation other than the United States of America.
Prohibit members of Congress, Secretaries in Federal Cabinet positions, members of the Federal Reserve Banking Corporation and other high offices in the Federal Government and United States Military to renounce citizenship of any nation other than the United States of America and surrender passport(s) issued by any nation other than the United States of America.
I thought there was already a law prohibiting any public servant from swearing allegiance to a foreign power?
Not from holding an Israeli passport or serving in the IDF.
Ask Rahm!
I would preferr a dual citizenship held by a member of congress to be a felony.
Have some empathy. These kids are victims of the same MO that was used to inflate the housing bubble, namely take a traditionally valuable institution (homeownership) and pump the shit out of it using every fraudulent trick in the book. In this case it's just another traditionally valuable institution, higher education. Only difference is that it's unextinguishable and you can't live in it mortage free for years.
Is that empathy in a vacuum or does it still exist while I'm being turned upside down and shaken to pay for their mistakes?
I think we can agree at least that the situation shouldn't exist. And yes we who are doing the paying are victims as well and we share that status with the students. So if both parties are victims who is responsible? That's pretty easy to see, it's the Wall St. oligarchs and their puppets in Washington in yet another scam to profit from other peoples money(debt).
This is some of the most convoluted logic I've seen on this blog. Apples and organges, at best. Please tell me the benefit that I received from a bunch of idiots going to college that had no reason to be there and borrowing all they could for the vacation? Now, did the students receive any benefits? (there is a reason every working adult wishes they were back in the fantasy land that is college). At worst, the students are mixed beneficiaries and victims...
and I refuse to accept that students are victims when they're legally recognized as adults and make decisions that go south. It's the same issue with housing prices. Look at it this way, if everything went as drawn on paper and every student goes to school and then gets a cushy job doing nothing all day and makes enough money to live the lifestyle desired and to repay student loans, then would anyone have complained that it was a bubble? That it was predicated upon a free lunch? Nope... didn't hear any of it... same thing when housing prices are going up... let's use it like an ATM! Then when reality hits... I'M A VICTIM! This is merely an argument of convenience... it's called denial... and it's stronger than any drug.
The good looking shiksas will find a way to extinguish their college debts.
Americana may look strange....having a strip club in many neighborhoods
....but it may "boost" morale
Sign your full name to this petition so we can have a record of who is completely retarded and unhireable.
Hey, those institutions of Higher Affirmation made those kids feel smart.
Surely, there is a role in a movie somewhere with a girl, a dog, a cowardly lion, and a tin-man.
In the name of Consumer Protection, end the Fed.
I plan on signing this. I never used my finance degree from the 80s. I never thought I would ever get my moneys worth. Do I get inflation. /sarc.
With what students paid they could have owned a dunkin donuts franchise instead of working for one
That's it right there in a nutshell.
Is there Android app for this program?
Here's some college degree dilution:
http://research.stlouisfed.org/fred2/series/LNS11327662
75% participation implies 25% unemployemnt of those with Bachelors or higher?
Sounds about right.
I thought the unemployment rate for the most educated was 8%?
The FRBSL suggest a 25% unemployment rate?
The unemployment rate is 8%, participation is 75%. That means 17% are not participating and are not looking for work.
Or 17% can't find work in their field and are flipping burgers because they had to get a job when their unemployment bennies ran out.
I'm pretty sure labor force participation includes everyone who has a bachelor's degree or higher, regardless of what requirements their current job has.
*****I'm pretty sure****
Your pretty sure those people that borrowed 50k and expected to be managing people; said "forget about being a manager........I want to work flipping buirgers now".............MATT!!!!!!
You are suggesting a manager wants to become a burger flipper?
I say YOU ARE FULL OF SHIT!
"Duhhhh..... I want to take a minimum wage job making one-half of my student loan payment" ????????
DO YOU REALIZE HOW STUPID, RIDICULOUS YOU WRITE?
-10
Who cares what people want? we were discussing labor force participation. And holy crap, we were both wrong:
Labor Force Participation is all people of working age who are either working or who are unemployed and looking for a job.
So 75% participation, minus 8 percent unemployment means only 67% with bachelors degree or higher are employed. 25% do not have jobs, and are not looking for jobs (i.e. they do not count as unemployed).
this morning a co-worker told me about a pre-school public program which was teaching kids math skills, guess one kid made the mistake of being able to multiply small numbers 3x3 etc..
WhenTPTB found out, they immediately stopped funding the program, said it was 'Age Inappropriate', once again Rockefeller foundation to the rescue.
UnAssociatedAndNotWithThePress Release:
NotTheWhiteHouse statement on the "New GI Plan"
The NotTheAdminstration issued a statement announcing that the new program, critics have dubbed the "New GI program", where students and recent graduates can have their student debt loans paid off by the DoD with enlistment into the armed services is going to be put into effect immediately. The program offers debt relief to individuals who meet the basic enlistment requirements of the armed services and honorably complete their tours of duty. The length of service is dependent upon the size of the debt and at a minimum requires 2 years of service.
A prominent critic of NotTheAdministration characterized the "New GI plan" as an attempt to have the vital youth of America take a chance on losing their debt in exchange for losing some of their upper GI's in the NotTheAdministraitons continuing failure to mitigate the scourge of IED's in the numerous conflicts it has interposed itself into.
DoD statements has stress-fully insisted that this was not an attempt on their part to improve the enlistment situation. This solution was in whole part on NotTheAdminstration to find relief for the students and unemployable graduates. "The President is just trying to kill two birds with one stone since we have run out of Mavericks to drop from the drones." was the response of a senior aide to the Chiefs of Staff who requested not to be identified gave to this reporter when asked if NotThePotus was trying to solve all of the problems he is having with the CONgress, the wars and the economy, with an easy way out.
By NotAReporter, "K" Street, D.C.
I paid $40,000 for a new car 15 years ago and now it's only worth $2000. I want Obama to give me my money back.
Is it possible for people to be this stupid? Even with a 21st century college education? And then got wise to the fact that they were sucked in? And are still stupid enough to think Obama is going to give them their money back? Are they completely incapable of rational thought?
So, you are betting no Obama bailouts for student loans? I guess we'll see who is stupid over the next 4 years.
BTW, the government did give you a bailout option, called Cash for Clunkers. You don't get money back, but you get a sweet deal on a new ride.
These would not be the same students that voted in droves for the current EL Presidente would they be?
Well suck it up students, the Kenyan don't need your votes anymore and thus will do nothing for you.
best of luck.
Last night I ate a so-so meal at a 5 star restaurant, paid with my VISA card. I am going to petition Barack to have VISA forgive my debt after I return the receipt to the restaurant.
Where do I throw mine back in? $150k. Yeah baby. I only got the fucking thing to fool an employer in believing that I'm at least as competent as everyone else that has one. Had to take the Game Theory economics class to figure that out. Asymmetrical information: only the job applicant knows how competent they are. The degree reveals little to nothing. So once you get that job and demonstrate you're competent, the degree is worthless. You get a degree for the first job only. It's a leveraged bet that you'll get a job.
Petition to the Obama Administration to:
Make me whole on my craps table losses from this past weekend.
Personally I think College is a shared delusion that holds itself above knowledge derived by other means such as the Internet, books or experience. The government subsidizes and enforces the institutional delusion to further their social agenda. A skill is a skill no matter if it was learned by an individual on his/her own or if from an approved College brand institution. The costs of the College brand learning are becoming much too high and the delusion may be breaking down.
A student loan to party for several years to get a degree that is worthless.
Debt forgiveness for a vote.
Sounds like a good derivative swap.
You know the end game is here now , when 20yo are waking up to the fact they were duped. That used to not happen until you reached your 50s.
Repudiation bitchez!
Repudiation bitchez!
the marginal benefit of Calculus 101 over a strong right 'burger-flipping / coffee-machine-pressing' wrist is falling by the day, seems to warrant further societal protection.
I'll bet their Molotov Arms are in fine shape yet.
It makes sense -
If we can have Bailouts for Billionaires and Cash for Clunkers (not to mention Petraeus for Pussies) then shirley we can have Dollars for Diplomas ?
How about holding yourselves accountable for a change, dumb kids. You're decision to enroll, your debt. (sunglasses) Deal with it.
So hundreds of billions of government backed debt spent on worthless pieces of paper?
Geez, you'd think we should create a special tax on the people who benefited from exploiting the hopes and credit of people who didn't really have a hope of paying it back, or who were investing it in an asset that was really just a bubble.
Profes-ster tax!
Students that volunteer with America's brown-shirts AKA DHS Americorps can already get a stipend and awards for paying back college loans so this isn't too far off.
"...All that's needed is 25,000 signatures to move this forward." Sorry, but not really. All this does is get you onto the DNC (party of losers, whiners and parasites) mailing list.
The frontal coretex doesn't develop until at least age 18... and more like early to mid 20s in the real world. Signing up mentally undeveloped people for crushing loans is fraud.
I got my first job by paying a hooker to pick up my (soon to be) boss in his favorite watering hole and took pictures. Salary negotiations were a breeze.
Too bad kids aren't as smart these days.
Based on the trending of these comments, I think it's fair to say that the petition ain't gonna get very many ZeroHedge endorsements.
Mccain is a traitor. Pretreaus is a traitor. General Allen is a traitor for chossing to disregard his oath to defend the Constituition
These , GENRALS, sound the united states out and are traitors.
Rat bastard traitors who must be hung by the nesk until death.
feed them Viagra before we hang them.
They can die with their hard cock.
We have a chance to hang, by the neck until thy are dead to defend our republic.
We should.
To hell with Pateraus and Allen.
Execute them.
I think the question here is not whether you should get a student loan or not to get an education, but rather a question of expectations of what kind of education you're going to get and how you want it to 'pay-off.' Let's face it, not all degrees are equal in the job market and some may not require large installment online loans. I think it's up to each student to do some research before deciding to declare that degree in Humanities or Economics.