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You have to be pretty low income to qualify for grants. School loans are a rip off usually. 7.5% interest. They tried to pass a bill that would allow the govt to loan the money directly to students. I think it got a resounding NO from the party of NO. It eliminated the middle man enabling people to get loans at a lower interest rate. Good for the people, not good for the middleman. They like that 6.5% interest that they get for no risk at all. They get the money from Uncle Sam at 1% then loan it at 7.5% and it is fully guaranteed by Uncle Sam. Don't want to take that free money at our expense from the money changers.
So it's not welfare. Believe it or not your income taxes go to pay for a lot of social safety nets. They are there for you to use if you absolutely need them. Not just people that don't deserve the benefits.
People that take an opportunity to go in to a new field at this point are just showing good sense. Unfortunately there are a lot of unscrupulous trade schools out there just waiting to take your money. You really have to watch it and check to see what their actual placement rates are. Not that you need them to place you in a job. It helps to see how much employers value the degrees they offer and if the field is even hiring.
I heard a report on NPR a few weeks ago about the fact that some schools get financing backed by the government for your entire degree, instead of just 1 semester at a time. Then if you have to stop for some reason, they collect the entire amount from you. School loans can't be blown off. They will garnish your wages and they can't be cleared by doing a chapter 13.
Retraining people for jobs they can make a living at is just good ole common sense. The people earn money and the taxpayers get their investment back. Just like bailing out GM was a good idea. They kept millions employed and GM is close to paying them back. Sometimes common sense just has to be put into action. An uneducated public is one of the many reasons we are in the ditch and still struggling to get out. All the other civilized countries have much better programs for educating and training their work force. Won't ever happen here. They might have to raise our taxes a few cents to keep our country from going goodbye. A lot of Americans enjoy cutting off their noses to spite their face. It's too bad.
The last 50 years or so have been pretty good except for Nam. For the first time since the 40's the general feeling amongst parents is that their children will not have as good a life as they did. That shows that people feel the future is bleak.
You have to be pretty low income to qualify for grants. School loans are a rip off usually. 7.5% interest. They tried to pass a bill that would allow the govt to loan the money directly to students. I think it got a resounding NO from the party of NO. It eliminated the middle man enabling people to get loans at a lower interest rate. Good for the people, not good for the middleman. They like that 6.5% interest that they get for no risk at all. They get the money from Uncle Sam at 1% then loan it at 7.5% and it is fully guaranteed by Uncle Sam. Don't want to take that free money at our expense from the money changers.
So it's not welfare. Believe it or not your income taxes go to pay for a lot of social safety nets. They are there for you to use if you absolutely need them. Not just people that don't deserve the benefits.
People that take an opportunity to go in to a new field at this point are just showing good sense. Unfortunately there are a lot of unscrupulous trade schools out there just waiting to take your money. You really have to watch it and check to see what their actual placement rates are. Not that you need them to place you in a job. It helps to see how much employers value the degrees they offer and if the field is even hiring.
I heard a report on NPR a few weeks ago about the fact that some schools get financing backed by the government for your entire degree, instead of just 1 semester at a time. Then if you have to stop for some reason, they collect the entire amount from you. School loans can't be blown off. They will garnish your wages and they can't be cleared by doing a chapter 13.
Retraining people for jobs they can make a living at is just good ole common sense. The people earn money and the taxpayers get their investment back. Just like bailing out GM was a good idea. They kept millions employed and GM is close to paying them back. Sometimes common sense just has to be put into action. An uneducated public is one of the many reasons we are in the ditch and still struggling to get out. All the other civilized countries have much better programs for educating and training their work force. Won't ever happen here. They might have to raise our taxes a few cents to keep our country from going goodbye. A lot of Americans enjoy cutting off their noses to spite their face. It's too bad.
The last 50 years or so have been pretty good except for Nam. For the first time since the 40's the general feeling amongst parents is that their children will not have as good a life as they did. That shows that people feel the future is bleak.
