Comments on: Peter Schiff on Student Loans Crisis 2008-04-17 Bloomberg

By: Gwenlj

Gwenlj — Sun, 01 Mar 2009 04:33:02 +0000

Sallie mae is …
Sallie mae is corrupt!!!!!!!!!!!!!

By: Kingsun44

Kingsun44 — Sun, 01 Mar 2009 04:33:02 +0000

Its not going to be …
Its not going to be easy for the universities to downsize, since half the faculty are already contingent, part-time, adjunct faculty that get paid peanuts. Its hard to imagine what quality of education students will get if universities are forced to “downsize.” What we need is more direct investment in academic programs and stop shifting the burden of paying for higher education to students through federal and private non-dischargeable in bankruptcy student loans.

By: YaneViborita

YaneViborita — Sun, 01 Mar 2009 04:33:02 +0000

Wow! This is coming …
Wow! This is coming from an economist’s mouth! Peter Schiff is absolutely correct; “market discipline” for the cost of higher ed is needed. Badly. I would add that a substantial increase in grants and fellowships (NOT loans) for graduate studies especially, is highly overdue as well. Re: student loans, BASIC consumer protections need to be reinstated. As it stands today, students with fed and private stu loans are prisoners in a virtual debtors prison, without legal recourse AT ALL.

By: gunderbanger00

gunderbanger00 — Sun, 01 Mar 2009 04:33:02 +0000

good video
good video