Korean Job Discussion Forums

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

Any of you other Americans see the report yesterday saying funding for college loans will be trimmed? It was in a story about the budget.

This is the first result of Bush's tax cut that I have found to be positive. I believe in individual responsibility and kids should get the bucks from their parents or get a loan from a bank, or god forbid, get a job and save the money. Giving loans to lower middle class kids and working class kids leads to clogging up the white collar job market. Higher education is a privilege, not a right.

hypnotist · Joined: 04 Dec 2004 Location: I wish I were a sock

What should the kids do if the parents can't afford to give them money?

What right-minded bank would lend a lot of money to a poor student with no security?

How many years of flipping burgers would it take to pay for a college education?

Why should Higher Education be a privilege only the richer in society enjoy?

I personally like the idea of a graduate tax, though there'd be loopholes aplenty. But I don't understand what rich nations think they're going to do with the undereducated whilst the richer developing nations are churning out graduates at an alarming rate. There are only so many burgers to be flipped (someone else can insert the standard ESL joke here). Jobs aren't going to stop fleeing overseas.

VanIslander · Posted: Wed Dec 28, 2005 5:26 am Post subject: Re: College Loan Program Trimmed

Uh, from my university experience, the real waste was by the rich kids not those on student loans. Cutting back assistance - especially asssitance that has to be paid back: loans - is misdirected without an underlying vision of social engineering that's more aristocratic than democratic.

cypher · Joined: 08 Nov 2003

When any half way decent job nowadays requires a post-secondary degree, it ought to be a right, not a privilege.

I definitely couldn't have gone to university without student loans, which are all paid back, responsible gal that I am, though if I had taken out a bank loan I would still be paying mostly interest. My parents contributed to my education the only way they could, providing me with room and board and the occasional loan, when they were able, to cover the shortfall from my loan and my job.

Besides, if there were no student loans and no middle-lower class adults paying them off, where would Korea turn for English teachers? Wink