College students and graduates owe more than $1 trillion. What can be done to make college more affordable? Comments from Facebook are edited for clarity and grammar:
More subsidies for the higher education industry are the last things we should do to address college unaffordability. That’s why we’re in this mess in the first place. The more tax dollars we throw at colleges, the less incentive they have to reform and cut costs.
The government needs to get out of the student loan business altogether. Once the spigot of federally backed student loans is turned off, you’ll see colleges slashing tuition. Keep the money flowing their way, and they’ll never change.
The president’s solution allowing loan relief is akin to throwing gasoline on a fire.
— Eric Anderson
The government can’t get out of the student loan business. If it did, many students would never be able to go to college because they cannot get private loans.
If I didn’t have a government loan, I would not be in school now. Some good suggestions have never taken root, like not requiring students to take unnecessary classes. A good portion of classes people take have no bearing on their degree or desired career.
— Craig Knox
As a student counselor, I have watched with dismay as college tuition spiraled out of control. There is an unholy alliance between big government and big education.
How it usually works is that as the cost of attending college increases, the government increases the amount students can borrow.
So each generation of college students goes further into debt than the generation before. And the cycle continues.
— David Nelson
Student loan amounts should be tied to average expected earnings of a degree.
For example, you shouldn’t be able to rack up $100,000 in student loans for a social studies degree.
— Mathew Andresen
Do not forgive any student loans. Instead, work out a reasonable interest rate — even no interest rate — and a workable payback schedule.
The people who borrowed money to get an education knew what they were doing, and I have no intention of paying off their debt!
— Alan Mawhinney
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