Is Ron Paul Right About Federal Student Loan Programs’ Failure?

Written on by V2A, Filed under
Education
 49


As the cost of a college education continues to climb as high as a typical home mortgage, options for paying for it seem to be diminishing.

When I first attended the local junior college in 1969, tuition cost me $45 for a full semester.  Two years later I attended the state’s largest university and tuition cost me $190 for 12 or more semester hours of credit.  By the time I graduated, tuition had risen to $245 for 12 or more hours.  Today, that won’t even pay the tuition for a 3 hour course.

I didn’t have a scholarship and my parents were not wealthy.  I had to pay my own way through school.  I worked and went to school full time.  I got married while in college and as much as I wanted to pursue a master’s degree, I could not afford it and take care of my family at the same time, so upon graduating, I was forced to give up my educational dreams at that time.

The skyrocketing costs of tuition have made it more and more difficult for students to work and pay their own way through college.  If their parents are not rich enough to pay for their schooling, they are left with no other choice than to take out a student loan.

And according to Republican presidential candidate Ron Paul, this is part of the problem with the system.  He feels that the federal student loan programs have been partially responsible for the higher cost of a college education.

Paul appeared on NBC’s Meet the Press where he talked about the federal student loan programs and how it is a failure.  He went on to say that when he becomes president, he intends to eliminate the federal student loan programs.  He believes that will help to decrease the amount of personal debt and hopefully increase the quality of education available.

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  • Berlin Veteran

    Man where are all you people at? This is a breathe of fresh air to see so many supporting Ron Paul.

  • john paul jones

    Most colleges & universities today are nothing more than anti American anti christian dungeons of liberal thought. We live in an age of education hysteria. All of this college craziness began in earnest back in 1957 after the Russians launched sputnik. It has pretty much destroyed entrepreneurship in this country with the help of the government.
    The mentality for the last 50 years is that everybody has to go to college—which is unrealistic.
    Basicly, all it takes to govern is common sense—–go Ron Paul & remember sputnik.

  • Joyceann

    I WONT VOTE FOR RON PAUL. He may have some good ideas but he refuses to admit he has a health problem and his age is a detriment. He talks like he is the only man who feels like he does, but it's not true. We need a man with Leadership capabilities, who can cause people to follow him and do the right thing, working in Congress. He believes in less government and more freedom by the people. His tax plan will open jobs and get the movers moving. He knows what the constiution allows and what it doesn't. Abortion will be condoned if it's a private matter, but America won't pay for it. It won't be considered the right thing to do. The unity of Marriage will be held to be the right way, what two people do on their own is their business, but America won't condone or pay for it. The capital system will be unleashed and job will throw the strings of restrictions and boom. Goverment is get out of housing, business, and private property. CAINS THE MAN – he can triped talking to leftist media, but we know where he stands. GET ON THE CAIN TRAIN AND FOLLOW IT TO PRESIDENT OF THESE UNITED STATES OF AMERICA-

  • Patriot 101

    The (federal) Student loan program is nothing more than an indirect "slush fund" to academia! How else could liberal professors get paid (too much) to indoctrinate our kids?
    This is a "Bubble" just like the housing bubble. It will burst when graduates "just don't pay" their loans back. This administration is just waiting for the "Crisis" that they have created. It will be another taxpayer "Bailout". Which is nothing more than Wealth redistribution, The "Evil Rich" Should pay for the mush heads education, Right?
    Federal (taxpayer) indirect financing of college education has ruined the chances for anyone but the very rich to come out of college without a millstone of debt around their neck! Get rid of Federal student loans and College will become competitive again, (tuition) prices will fall!

  • Libertarian58

    "Higher Education" is quickly becomming one of the biggest scams in America. Our children are being needlessly pushed toward college whether it will actually benefit them or not so they can take out huge loans and unpayable debt. They are told they can't get a job without a "degree" and in fact most cannot find a job even WITH a degree. When their loan "defaults", the bank takes great delight in jacking the interests and penalties to stratospheric levels that can never be repaid. School loans are "conveniently" exempted from bankruptcy protections. Fields that never needed a degree before, now need one. Business plays along by requiring "degrees" for average tasks. Pretty soon, you will need a "Sanitary Engineering Degree" to clean toilets. It's all about the money, not actually learning anything. See 'studentloanjustice.org' for more.

  • Gringo Infidel

    Yes, they are a failure. Our society has become over educated and under skilled.

  • john paul jones

    With the demanding pace Dr. Paul has undertaken in this primary race, I would'nt think he would have any serious health problems. Why, he gets around better than a teenager. I myself have wondered how he actually does it.
    Reagan was no spring chicken when he was elected prez. Some people are always trying to start rumors.

  • Adam F. Kohler

    I agree. Ron Paul 2012

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