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SamEllison
I feel so clean!
12:18 AM on 02/10/2010
Privatization must have a layer of profit,
also enough to kick-back cash to congress.
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KriTiKiT
Says"play nice"
12:24 AM on 02/10/2010
correct that is the point of business. profit... and eliminate the competition!
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12:18 AM on 02/10/2010
"reforming the student loan industry would result in substantial job loss in the private sector."

Oooh noooo - we can't have any people in the financial sector losing jobs - that's a tragedy reserved for working class folks ...

Where's Clint Eastwood when we need him?

"Make my day"
12:40 AM on 02/10/2010
so you think everybody in the "financial" industry is rich....?

Serious?
12:16 AM on 02/10/2010
I have kids in college and I can tell you for a fact that if academia doesn't get cheaper we the people are going to engage our own educational reform act. Future employment may not depend upon your degree but your skill set. The idea that you have to take "Introduction to Art" to be able to be a veterinarian or a doctor is bullhockey! I propose a new set of educational standards whereby you do not have to take irrelevant, idiot classes to fulfill a graduation requirement. The only reason they want students to take these classes is so that they have enough numbers to justify the expense of the instructor. I know for a fact that at the University of Iowa they take the freshman into a room and bar the parents from entering while they enroll your child in their first year classes. I was physically prevented from seeing what my child signed up for and only after they left did I find out that my freshman student had been enrolled into Introduction to Russian Literature as well as other courses of which only one was a general ed. requirement. Only the general ed. requirement could be used to fulfill my childs degree requirements. University of Iowa is a JOKE!!!!!!!!!!!
12:31 AM on 02/10/2010
I am actually sorry you feel that way. Community colleges have "trade" tracks, as do places like DeVry.

Your employment may depend upon your degree choice, but how you interact with people, what you know, and your depth as a person are shaped by the classes you think are irrelevant.

People are much more impressed and if you can talk Descartes and Count Basie with them...rather than how the Bengals lost again...
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WYHKTai-Tai
Wyoming, Hong Kong, Tai-Tai
02:17 AM on 02/10/2010
I second that sentiment, but It's a little more important than having something impressive to say at cocktail parties.
Those periferal classes broaden a students horizons, broaden their mental scope, show how ALL of these different disciplines interact and intersect, and give a person perspective on the world, on their lives, politics, business, everything. They have a less tangible value than learning your trade to make a living, but they are very important.
(Although....., not sounding like an eeedjit at a cocktail party given by a potential employer CAN lead to tangible benefits!)
12:35 AM on 02/10/2010
I agree...a lot of college courses are a waste of time...

At UNLV they're cutting classes accross the board...it would make more sense to me if they changed the degree requirements...no more fine arts classes needed for a hotel major! If they did that they can cut lots of stupid classes that are irrelevant and stop cutting the classes that matter to a students major...
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KriTiKiT
Says"play nice"
12:14 AM on 02/10/2010
with the dramatic decrease in the quality of a public education a student may spend alot of money in remedial classes just to be on the level to do the course work in the chosen field of study... so you may go to a 4 year college but spend 6 years catching up...
12:12 AM on 02/10/2010
In the state of the union...Obama said loans should equal 10% of income and be paid for only 20 years, or 10 if you work in public service.

Can anyone justify why 2 people sitting in the same classroom should pay completely different amounts.....
12:14 AM on 02/10/2010
AND- there's a LOT of ways around that. Keep your income down but get compensated in different ways.
12:33 AM on 02/10/2010
Err ... isn't that obvious?

If you're sitting next to a person who served in the military, you would certainly be paying a different amount than the veteran. Is that too difficult to understand?

Why is that so different from giving a break to someone who is willing to do public service?

Doh!
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NoProblemPablo
12:11 AM on 02/10/2010
God, the senate completely sucks. Abolish The Senate. All we need is The House.
12:09 AM on 02/10/2010
So, you're telling me...since the gov't will have control of student loans...

Every student will get a loan, regardless of income?
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Tuned IN
You Can't Make This Stuff Up!!
12:14 AM on 02/10/2010
Yes... there are all kinds of loans. FFELP is the biggest market.
12:17 AM on 02/10/2010
That's what Obama wants to eliminate, specifically.
12:21 AM on 02/10/2010
And you cant cover all of your education expenses without a private student loan also.
12:19 AM on 02/10/2010
The government already has control of the loans, provided at 100% guarantee.

The problem is decades ago, the banks somehow inserted themselves as middlemen. They are essentially getting free money via government, RISK FREE, to then give to students. They make their profit by of course charging interest on RISK FREE money the government already guarantees.
12:24 AM on 02/10/2010
But under this plan, as he said in the state of the union, why should repayment be based on income? Why should 2 people sitting in the same exact classroom pay completely different amounts for their education?

AND...why would you cut payment years in half depending on the job they get? Why should I have to pay 10 more years on loans if I decide to work for myself and employ other people...but somebody who works for the gov't just gets to wipe 10 years off their loan.....what happen to "equality"?
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MartyJo
If the world didn't suck, we'd all fall off.
12:06 AM on 02/10/2010
The greed will never end w/o decent lawmakers who aren't bought off. They want to squeeze every last red cent they can get to install there money in off shore bank accounts of there own. Pathetic moles!
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Renee27
The Most Censored Commenter on HuffPo
12:05 AM on 02/10/2010
That's good news

--------

FYI

The Sallie Mae Student Loan Scam

(I don’t agree with everything the commentator says but the following video features a 60 mins segment that is informative. Banks making Sallie Mae loans reap profits while unemployment for college graduates is rising. Warning – the following videos will make you angry but its mind-blowing)

http://www.youtube.com/watch?v=usd5minT1GE

http://www.youtube.com/watch?v=Y850gfa1QBM

http://www.youtube.com/watch?v=OESlWJveNNU

http://crooksandliars.com/susie-madrak/white-house-faces-assault-student-loa
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Tuned IN
You Can't Make This Stuff Up!!
12:12 AM on 02/10/2010
This is exactly how it works...

I disagree with the socialist aspect; the taxpayer's money is used to guarantee the loan, and the tax payer also repays the loan... it's double dipping for those borrowers. And those borrowers can have their social security garnished.

If there is any socialist aspect its benefactor is Sallie Mae.
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Renee27
The Most Censored Commenter on HuffPo
08:03 PM on 02/11/2010
I disagree with the socialist aspect too (see what I wrote in parentheses). I think that the narrator is a right-winger, but I understand his frustration nonetheless. I posted the video for the 60 minutes program, not for his commentary.
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kfdan
12:04 AM on 02/10/2010
"Sallie Mae executives have paid themselves hundreds of millions of dollars in the last decade while teachers, nurses, and scientists -- the backbone of the new economy -- face crushing debt because of runaway college tuition costs," Duncan said.
The heady, run-away move by government to privatize everything shows that big business really consists of little boys and girls who do NOT consider the public's welfare! The government could only function in this type of system if it had strong non-lopehold regulation laws backed up by serious repercussions if not obeyed.
12:00 AM on 02/10/2010
"In an interview with the Huffington Post" These words automatically make the story void of facts.
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KriTiKiT
Says"play nice"
12:02 AM on 02/10/2010
why do you hold a membership on this site?
12:08 AM on 02/10/2010
To get a better understanding of how you crazies see the world.
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bleedingheart9
one small step for man...
12:21 AM on 02/10/2010
You have to be able to sit on your hands for the entire State of the Union, for 1..
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Sharon Corcoran
10:59 AM on 02/10/2010
http://www.youtube.com/watch?v=usd5minT1GE watch the video- Salle Mae has the largest collection agencies in the world- and they get paid from the Government- that isn't from HP!!!!
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cloudminder
11:59 PM on 02/09/2010
lobbyists in Sacramento have stopped UC workers from having whistle blower rights

SB 650, which is a reintroduction of SB 219, would provide UC and CSU employees who report waste, fraud and abuse, with the same legal protections as other state employees.
In the Miklosy decision, three of the seven judges urged the Legislature to consider changes to the law, as the current statute undermines the purpose of the Act.

“The court’s reading of the Act, making the University the judge of its own civil liability and leaving its employees vulnerable to retaliation for reporting abuses, thwarts the demonstrated legislative intent to protect those employees and thereby encourage candid reporting,” wrote Justice Kathryn Mickle Werdegar, joined by Chief Justice Ronald George and Justice Carlos Moreno. “If the same government organization that has tried to silence the reporting employee also sits in final judgment of the employee’s retaliation claim, the law’s protection against retaliation is illusory.”

http://cloudminder.blogspot.com/
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KriTiKiT
Says"play nice"
12:02 AM on 02/10/2010
i see your point the parallel is scary...
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TXfemmom
Grandma with eye on the future
11:58 PM on 02/09/2010
Alright guys, it is time to hammer those Senators about the private lenders and FORCE them to support that bill. Eliminating that would save a lot of money for the government and for the borrowers. The bans take all this money for doing paperwork, and only paperwork, so the government should take it over, cut overhead and save the money and cut rates for the borrowers.
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cloudminder
11:51 PM on 02/09/2010
the 2008 Scandals :

# After Livers, Cash to UCLA (2008)
# Japanese Mob Boss Gave $100,000 to UCLA, rewards after controversial liver transplant (2008)
# Fired UCSF dean says review backs his claim of irregularities (2008)
# UCSF refuses to release outside review of its finances (2008)
# WhistleBlower Dean David Kessler Fired From UCSF (2008)
# Big raises for CSU, UC-executives prompt bill (2008)
# Meet Linda Morris Williams, in charge of whistle blowing at Cal - Severance AND new UC job for aide in pay scandal (2008)
# UC Chief Yudof Changes Buyout Policy (2008)
# ID theft at UC Irvine- Scammers used stolen data to file false tax returns, steal students' refunds (2008)
# 6,000 UCSF patients' data got put online (2008)
# Audit Firms backs up fired UCSF Med School dean claim (2008)
# UCLA Dentist Whistleblower Resigns Post (2008)
# UC Irvine Med Center still out of compliance (2008)
# UC Irvine ID Theft Caused By Data Breach (2008)
# Movie Sharing Program Causes A Security Breach In University Of California San Francisco (2008)
# Court Rules Against University of California Whistleblowers (2008)
# After the Fall (2008)
# Union protest pre-empts chancellor's annual meeting with staff (2008)

http://cloudminder.blogspot.com/

I wonder how much they pay their lobbyists?!
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cloudminder
11:56 PM on 02/09/2010
and here go some of the 2007 scandals-- they have gotten away with this stuff - how is the White House going to control their lobbyist?!

# UCSF Research Computer Containing Cancer Patient Information Stolen (2007)
# UC Officials override rules to give more than $1 million to 70 execs (2007)
# Regent Blum Slams UC System in Report (2007)
# UC'S Top Regent Bashes UC System (2007)
# UCSF Server Breached, Staff, Faculty and Students Notified (2007)
# Regents excuse UC president in salary scandal (2007)
# UC Davis Criminal Probe Launched Into Computer Hacking of Vet School Admissions Info (2007)
# UC President Robert Dynes example of larger UC problem written by former Regent Ward Connerley ( 2007)
# Data security breach at UCSF may have exposed thousands (2007)
# Scandal Mars UC Chief's Legacy (2007)
# The scandal, the scapegoat, and the suicide (2007)
# Computer Breach Might Have Exposed Student Information (2006)
# UCLA Breach Exposes Almost One Million Identities (2006)
# 32 patients on the liver transplant waiting list died while UCI Medical Center rejected scores of viable organs(2006)
# UC Irvine Med Center Administrators Ignored Federal Warnings (2006)

http://cloudminder.blogspot.com/
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bleedingheart9
one small step for man...
11:50 PM on 02/09/2010
Student loans should be offered by the Federal govt. at 0%. Talk about a jobs program.
Why should profits be placed above the good of the People?
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wakeup804
Choose peace and tolerance
12:02 AM on 02/10/2010
In a society that is really for the people, a 4 year college degree at state universities should be free. If you want Ivy League or a private university, you finance it with loans grants, or cash. How will we compete in the next 10, 20, or 30 years with a work force that couldn't afford an education? , Sick and uneducatd.....is that going to be our legacy? Doesn't make sense.
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Hawkman4
Canadians, vote!
12:08 AM on 02/10/2010
Sick and uneducated...just how Republicans like 'em.
01:27 AM on 02/10/2010
So where will the money come from to run these colleges?
12:05 AM on 02/10/2010
Awesome, Possum! What a good, common sense idea!