The Debate: College Funding

It should come as not surprise here, the federal government is trying to force private lenders out of the loan business for college funding. Another example of BIG government, and something we as citizens should try to avoid at all cost. Never do you want the government to have a monopoly over any entity, especially not out institutions of higher education.

For more information click here, here, and here.

If you didn’t catch what I said the first time, this would make the federal government the sole provider of college loans in the US. This wipes out students and their parents right to choose lenders and options for financial assistance. FASFA, and the LONG time it takes to get that process is an indicator if there ever were one of how this process would go. There are many students not eligible for FASFA (Pell Grants) and some student whom only need a small loan and understand the rules of obtaining one. Yet, here the federal government is trying to step in and basically put in place an unfair governing of available funds.

And I say all of this as a former undergraduate still paying off loans, and also getting ready to start graduate school and acquire more loans. It literally is the price you pay for what you want. College is not mandatory. It is not accessible by any and everyone. There is a high cost to college. And yes I do agree that college does cost too much. I mean some of the things you pay for are too high and make no sense, but I don’t think overhauling the private loan system is the answer to making it possible for everyone to go to college.

More than anything I hate to see the government getting larger and larger and intruding on our rights to have options. Why does one have to obtain loans from the government, the IRS should be an example of how you don’t want to owe the government. Private lenders won’t put you in jail, they may sue, but never have I heard of one going to jail. But leave it to the government, which is our justice system as well, if your delinquent for too long, please pick out your orange jumpsuit size.

I’m just saying…

EDIT: I’m guessing this is the bill since no sites are mentioning it by it’s formal name click here.

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~ by Latisha on September 19, 2009.