The student loan interest rate that had been temporarily cut in half back in 2007 was once again set to double, but instead of pushing for the status quo as Congress did last year, Warren has upped the ante with legislation that would cut the student loan rate way down to the near zero that the big banks enjoy. As Warren put it in her characteristically no bull style: “The federal government is profiting off loans to our young people while giving a far better deal to the same Wall Street banks that crashed our economy and destroyed millions of jobs. That’s why I’ve introduced the Bank on Students Loan Fairness Act as my first bill in the Senate: To allow students to borrow money at the same rate as the biggest banks. ” … Why should the big banks get a nearly-free ride while people trying to get an education pay nine times more?” Warren asked. “It isn’t right.”
Originally posted by signalfire
reply to post by chrismarco
Colleges will be extinct in another decade except for certain professions like surgery that require hands-on training. Everything anyone could want or need to learn is on the internet and schools can't saw your head open and pour the learning in; and there's no reason people can't organize their own global, social networking, conversational groups to get the kind of learning that comes from a group dynamic.
There's two kinds of people in the world, curious and incurious and as far as I know, no way to change one into another. College may be able to turn a non-learner into a learner, but I doubt that, and in many cases they manage to turn off the learners by virtue of all of their flaws.