Sheila Bair, former chair of the FDIC, wants to fix the student debt crisis — and she thinks Democratic presidential hopeful Elizabeth Warren has some"bold" ideas that may work.
"I have some different ideas on this but … she's got something bold, dramatic, she pays for it and she's tackling a core problem," Bair said Wednesday on"The Exchange."Americans owe $1.57 trillion in student debt. Warren claims her plan will cancel at least some of the debt held by 95% of the Americans carrying it.
acorns I paid mine and so did my wife, giving anything free to anybody does not solve the issue, what happens with the next wave of college students? who takes on that expense? Even social oriented economies like Canada and Japan while it's 30% cheaper you still pay for a college degree
acorns This loan program is tribal altruism applied to a complex social order. The lender had no incentive to make loans to just credit worthy applicants. These loans were gifts to particular “students” to be bought by a large, widely dispersed group of taxpayers. We B Fleeced by SJWs.
acorns How about the students that paid it Will they get reimbursed My son had it, he set a goal to pay it off, disciplined himself, sacrificed and worked two jobs!!
acorns There will be more solutions in these stupid replies than she presented in this hit.
acorns Yeah! Warren is the one everyone should take seriously!
acorns Couldn’t agree more. Maybe get a f’n job and pay it back?🙄🙄🙄
acorns Maybe ask why tuition increases outpace everything else, and no one asks why.
acorns If you are bleeding, a bandaid stops the bleeding, but it doesn’t solve the core problem of you juggling with knives. Fix the core problem - skyrocketing admin costs without any improvement in student success.
acorns Ted Kennedy already did something about student debt. He made it much worse.
acorns Only loan money based on what the degree being pursued is worth in the marketplace.
acorns Stop giving loans for worthless degrees. Only help engineering, computer science and healthcare.
acorns Let borrowers pay it back pre-tax, let employers match like 401 k
acorns Why?
acorns Like getting the government out of the student loan business
acorns Then stop giving out loans for worthless degrees!! This is a scam that is causing tuition prices to skyrocket. Stop bailing out universities.
acorns The first step would be not letting college Presidents set policies to enrich colleges...the second would be to remove all tax payer funding of anything other than community colleges.
acorns How about stop borrowing money you can't afford to pay back. It's like going after ice cream makers because you sit at home all day and eat ice cream and gain 200 lbs
acorns Yeah, make the Colleges and Universities cut their tuition and fees by 75% or NO Federal funding. PERIOD!
acorns Yes... We need to tell the entitled little brats they're not getting out of paying it!
acorns Eliminate the UNNECESSARY classes that have no real bearing on one's major; eliminate some of the endless costly, printed materials mailed to prospective students, most of which is trashed, end overcharging on dorm & meal plans, & give bigger tax break for those paying their way!
acorns No on both counts. Try again.
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