Now that I have gone delinquent with my student loan payments I am going to start investing in a education account; I figure I can get a higher deductible with less amount and still have money at the end of my life to pay off the loans.
MANY decades ago I wrote my alma mater to tell them to drop me from their solicitation lists since I was never going to make a donation and the savings in postage would add up over time. I got back a snippy letter to the effect of “I can’t believe a college graduate would write a letter like that!” (Also attending about the same time was serial killer Ted Bundy.) But they never bothered me again.
The average college graduate pays about $5800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $172,000. If that’s divided by the 4 years it takes to get a college education, the government would break even if it paid every student $42,000 a year to attend school.This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, that more students would complete high school if they could see a clear way to a really good job, and that they would be enriching the Social Security and Medicare funds. They would also be paying a larger amount in all other types of taxes. And they would be buying more products which would boost the economy, and put more people to work at jobs that require all different levels of education.The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, as long as the student is making decent grades, totally free, and increase the number of schools and teachers to make room for all who can profit from the education.We don’t, even at a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education.
Observer fo Irony about 9 years ago
Now that I have gone delinquent with my student loan payments I am going to start investing in a education account; I figure I can get a higher deductible with less amount and still have money at the end of my life to pay off the loans.
Ubintold about 9 years ago
“It” being the student loan.
Brett Bydairk about 9 years ago
No, “it” being the constant requests for money from alumni.
pschearer Premium Member about 9 years ago
MANY decades ago I wrote my alma mater to tell them to drop me from their solicitation lists since I was never going to make a donation and the savings in postage would add up over time. I got back a snippy letter to the effect of “I can’t believe a college graduate would write a letter like that!” (Also attending about the same time was serial killer Ted Bundy.) But they never bothered me again.
Diane Lee Premium Member about 9 years ago
AlanM about 9 years ago
Yeah, and what you would have is millions of college graduates sweeping floors and flipping burgers.