President Obama signed legislation to improve college way for millions of young Americans by revamping the federal student loan agenda in what he called "one of the most principal investments in higher instruction since the G.I. Bill."
A word of caution is warranted here. The student loan agenda could undoubtedly become a vehicle for youth enslavement by the Us Government.
Continue Reading...
Obama student Loan program and Communist Free education
The share price of large-scale student loan originators like Sallie Mae, Citigroup, Jp Morgan Chase and Bank of America would be undercut. Obama wants to move most student lending into the direct-loan program of the U.S. instruction Department.
What happens if a student drops out of school or loses his job before paying off the student loan? Federal backed loans presently allow for some form of "Federal Loan Forgiveness".
To qualify for forgiveness there are some very stringent requirements, such as accomplish volunteer work, accomplish forces service, teach or institution rehabilitation in safe bet types of communities and/or meet other criteria specified by the forgiveness agenda such as working in the fields of group safety, law enforcement, early childhood education, group health, group education, group library or school library services, crisis administration and the list goes on and on.
The new agenda run by the U.S. instruction agency makes it easier for young habitancy to enroll in higher instruction schools. However, it comes with heavy string attached. For one thing, U.S. instruction agency is not a financial institution, nor is it a law enforcer. The law enforcer will become the Irs. The financial burden will be located on treasury and its financial institutions. The U.S. instruction agency will not be accountable for any of their decisions on how to award the scholarships.
U.S. instruction agency will become a totalitarian institution beholden to its own policies and the habitancy running the department. It resembles the Communist Ministry of Higher instruction and this is the topic of this article.
Free instruction - Communist style
Some group background is required here. The communist system, by design, in case,granted 100% employment for all fit to work. For the naive outsider this looked very noble and sure enough, many habitancy benefited from it, not having to worry about providing for themselves and their families.
Since there was no inexpressive firm anymore, if man was unemployed, the only way to survive was by stealing from the government owned institutions. It was that simple. At least that was what the government feared and rightly so. Even so, theft of building materials and just about anything not ready through retail, would be smuggled out of factories or other institutions and sold on the black market. The gasoline for trucks, also owned by the government, had the gasoline dyed red. The truck drivers routinely would sell gasoline to inexpressive motorists, especially to bike drivers. The government had to set up police check points on all main roads exiting towns and cities just to check for stolen gasoline, as well as to monitor the private move of people.
The educational system was very strict. It was practically impossible to pass the exam without a good knowledge of the test subject.
High school was mandatory. Students were allowed to repeat a failing class just once. Students who failed to get a high school diploma were assigned to a trade technical school. The school was run like a boot camp. No disruption allowed and corporal punishment was routine. By the time we were in high school, nobody dared to disrupt; they knew better. Even so, some teachers would smack you if you didn't do your homework or lacked the knowledge during the class test. Sick leave had to be stylish by the on-site school doctor or nurse.
Upon graduating high school, we had two options: 1. Qualify and get admitted at a university or 2. Get drafted in the army which was mandatory (two years.)
High level instruction was only ready as masters degree (5 years). There was no equivalent of a college. The equivalent of four year college was considered a trade school and didn't carry due valid towards higher level school. In order to get a masters degree, you have to start from zero, regardless of how many years of trade school you accumulated.
Tag : MEFA Student Loans, Obama Student Loans, Federal Student Loan, Apply for Student Loans, Bad Credit Student Loans, Student Loans Without Cosigner, Student Loans PNC, Obama Student Loan Forgiveness
No comments:
Post a Comment