We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Who is "we", Kemosabe? Oh, it's me. I have no problem with loans for cars, houses, boats, school, or anything else. Government-subsidized loans? No. Not necessary and distorts the price structure the same way mortgage interest deductions do.
Part of the solution has to be tying the availability of student loans to the anticipated probability of the ability to repay them.
You're a straight-A student with AP credits in Calculus, Physics, Chemistry, and German going to a state school to study petroleum engineering? Head of the line.
You're a C student with marching band and prom decorations committee (member) as your only extracurriculars? Loans should be a lot harder to come by.
Yes, there need to be programs for those with demonstrated ability and low income, and probably bonus points for being a first-generation collegian. But the idea of allowing people to rack up $80k in debt to get a general business degree from a third or fourth-rate school is just unsustainable.
Another guy named Dan
We shouldn't 'allow' or not allow student loans. The federal government has no business in the business of making or subsidizing loans period. End it. End the Department of Education too.