Student loans, rising tuition, and debt

Student loans comprise over a trillion in debt. Some of these are priced as high as 28%. Tuition has risen sharply with Congressional guarantees. FASFA making available ever increasing loan amounts per semester. Students see these huge credit lines as an opportunity for free money. Many enroll for the check, and drop out when the check arrives at the same time that the first tests deliver the message that college is challenging. In the process, they lose eligibility for Pell grants, and have difficulty in returning to school when life shows them the need. Many have called for a comprehensive solution. I propose that colleges who accept federal funding be required to post average first year salaries per specific degree. The student who seeks a degree needs to have the knowledge available to weigh the risks and rewards of their work. The schools benefit by showing the excellence of their programs. Second, allow the student to borrow only what they need, with the understanding that they must begin repayment in four years, unless accepted in a graduate program. Third, make moneys available as we pay off the national debt, to fund these loans at 5% interest. Fourth, allow those with outstanding loans to replace their banks with a debt loan. They pay our debt as they pay their own. Any money paid to the national debt, from whatever source, reduces the need for future bond sales, reducing the debt, while the funds become available to loan to others. Students make informed choices. Former students save money, and get out of debt quicker. Colleges match tuition to anticipated earnings, generally reducing tuition on a free market basis. We all win, for the national debt is reduced, and, when paid, we can reduce income tax. #studentloans #nationaldebt #tuition

Insanity

I am a write in candidate for Congress in Texas CD 5. Insanity, right? I want to pay off the debt that we all share, in my lifetime. Getting worse? We will pay it off by saving people money. Those with high interest debt do a balance transfer to a term loan paying 8% to our debt. Undocumented workers invest in America, come out and live and work freely, for 10% of their income, and their 1040 becomes their renewable Green Card. Let 65 million homeowners compress their own fuel for 80 cents a gallon. Price of gasoline, crude and diesel comes down while new jobs balance the budget. They also reduce poverty based entitlements, creating a surplus. Savings for everybody on interest, food, fuel, shipping, airfare results. That $.80 includes a quarter to the national debt, and a nickel for roads and bridges. Add that to the savings from Medicaid, Food Stamps, EIC, AFDC, and welfare, and put those new surpluses to the debt, and loan it out, too. The bonds needed are reduced, as is the debt, and a fund measured in the trillions builds up, paying the shortfalls in Social Security and Medicare as we go, while still more is loaned. Make moneys available to cities, counties and states to shore up their overloaded pension systems and outdated infrastructure, and to victims of natural disaster, all at 3% interest, while saving on FEMA and local taxes. In the end, the debt is paid, and that money still flows, reducing the need for income tax. Help me get to Washington, and all these will happen, because they make sense, because the American people are sick of the mess we are in, and because I will be one of few Libertarians in Congress, and will offer a balance at the center, for both parties will need our support, and both parties will be hearing from the folks back home, saying do this now. #nationaldebt #savings #jobs #naturalgas

Cities Need Help

As we pay the national debt, the money becomes available to loan, for Congress funds the bonds and the investors willingly buy them for what Congress pays. Each dollar reduces future bond sales. We can turn that money into accounts receivable, an asset, by loaning it out. A city can avoid a tax increase to cover pension shortfalls or infrastructure expense. They can cover a current shortage by tapping a revolving account at 3%, while they revamp their pension structure. The debt service could well save them money, and once reforms take hold, they can pay it off. Each dollar paid back to the Fund reduces the debt yet more. Once the debt is fully balanced by its accounts receivable, it will be paid off, and the loaned payments will begin to eliminate income tax. Once the loan has been repaid, the city may find itself in a position to cut sales and property taxes.