Big student debt could limit schools' aid access

Jun 2, 2011 Full story: WCIV 23

The government is moving forward with its crackdown on the country's for-profit schools, aiming to protect students from taking on too much debt to attend schools that do nothing for their job prospects.

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Deng

Nanjing, China

#1 Jun 2, 2011
WRITE OFF ALL THE STUDENT'S DEBT TO GIVE THE ECOMOMY A DEBT-FREE CASH INFUSION WHERE IT IS NECESSARY, AT THE VERY BOTTOM.
jon

Eatontown, NJ

#2 Jun 2, 2011
Deng wrote:
WRITE OFF ALL THE STUDENT'S DEBT TO GIVE THE ECOMOMY A DEBT-FREE CASH INFUSION WHERE IT IS NECESSARY, AT THE VERY BOTTOM.
a cash infusion would be tax cuts across the board. debts need to be paid.
Deng

Nanjing, China

#3 Jun 2, 2011
COUNT DEBT RELIEF AS INCOME. DEBT THAT IS STRANGLING THE ECONOMY HAS TO BE FORGIVEN AND THERE IS NOT MUCH TIME LEFT FOR THE UNITED STATES TO ACT BEFORE A TOTAL COLLAPSE.

OF COURSE DEBT RELIEF WOULD BOOST THE VALUE OF THE UNITED STATES DOLLAR BY CUTTING THE SUPPLY OF DOLLARS, THE OPPOSITE OF WHAT IS WANTED NOW BY THE FINANCIERS THERE.

Deng wrote:
WRITE OFF ALL THE STUDENT'S DEBT TO GIVE THE ECOMOMY A DEBT-FREE CASH INFUSION WHERE IT IS NECESSARY, AT THE VERY BOTTOM.
a cash infusion would be tax cuts across the board. debts need to be paid.
jon wrote:
<quoted text> a cash infusion would be tax cuts across the board. debts need to be paid.
Deng

Nanjing, China

#6 Jun 2, 2011
SO ARE YU A TYPICAL MINUS-ZERO IN THE UNITED STATES OR ARE THERE SOME INTELLIGENT-ZEROS THAT YOU HANG AROUND WITH TOO.

DEBT AND INFLATION IN THE UNITED STATES IS KILLING THE ECONOMY THERE, AND YOU BABBLE NONSENSE.

Deng wrote:
COUNT DEBT RELIEF AS INCOME. DEBT THAT IS STRANGLING THE ECONOMY HAS TO BE FORGIVEN AND THERE IS NOT MUCH TIME LEFT FOR THE UNITED STATES TO ACT BEFORE A TOTAL COLLAPSE.
OF COURSE DEBT RELIEF WOULD BOOST THE VALUE OF THE UNITED STATES DOLLAR BY CUTTING THE SUPPLY OF DOLLARS, THE OPPOSITE OF WHAT IS WANTED NOW BY THE FINANCIERS THERE.
Deng wrote:
WRITE OFF ALL THE STUDENT'S DEBT TO GIVE THE ECOMOMY A DEBT-FREE CASH INFUSION WHERE IT IS NECESSARY, AT THE VERY BOTTOM.
a cash infusion would be tax cuts across the board. debts need to be paid. <quoted text>
hey 'dung'... you are sounding like the reterded moron that you are! go back and crawl under your commie chinese rock!!!
Democraps wrote:
<quoted text>hey 'dung'... you are sounding like the reterded moron that you are! go back and crawl under your commie chinese rock!!!
Deng

Nanjing, China

#7 Jun 2, 2011
SO WHAT DO YU PROPOSE, JUST SHOOT YOUR MOUTH OFF?
Democraps wrote:
who gives a crap?
students graduating the past 2 years under odumba cannot even find a job at mcdonalds!!!
they are all moving back in with their parents for the next decade or so!!!!!
SouthSide

Reading, PA

#8 Jun 2, 2011
Democraps wrote:
who gives a crap?
students graduating the past 2 years under odumba cannot even find a job at mcdonalds!!!
they are all moving back in with their parents for the next decade or so!!!!!
Why can't they find a job? Could it be that all the good jobs left under Bush? 2.4 million jobs were lost over the last 6 months of 2008 alone. Not to mention the 42,400 American factories that were closed from 2001 to 2008. http://www.businessinsider.com/deindustrializ...
You can't blame Obama for Bush losing over 3 million jobs and tens of thousand factories closed. You can try, but the facts aren't on your side.

Since: May 08

Deltona Fla

#9 Jun 2, 2011
jon wrote:
<quoted text> a cash infusion would be tax cuts across the board. debts need to be paid.
Writing off debt does not put money into the economy because that money was already spent. Tax cuts does not infuse money into the economy because they only people who benefit from it sit on the money by putting the money into savings accounts or wall street.

“i hope we can change this!”

Since: Aug 08

usa

#10 Jun 2, 2011
wonder how many of you topix faithful are aware of this little tid bit...

hope and change at it's finest!
along WITH, honest mainstream media coverage!

>>>A proposed regulation from the Education Department threatens to devastate for-profit career or trade schools, but one thing is even more controversial than the regulation -- how it was crafted.

Education Department officials were encouraged and advised about the content of the regulation by a man who stood to make millions if it were issued.

"Wall Street investors were manipulating the regulatory process and Department of Education officials were letting them," charged Melanie Sloan of a liberal-leaning ethics watchdog called Citizens For Responsibility and Ethics in Washington.

Sloan has sued the Department of Education over the matter and called on the Securities and Exchange Commission to investigate. An inspector general is also investigating whether officials shared sensitive information with officers of a hedge fund that stood to gain from it.

Among others, Sloan is referring to Steven Eisman, a hedge fund manager and a figure in the book "The Big Short," who testified in the Senate against for-profit career or trade schools, attacking them as "fundamentally unsound."

At the same time, he was betting that the stocks of those companies would fall, a practice known as short selling. "Making sure that they were going to be defamed and that their value was going to be depressed," said Harry Alford, head of the National Black Chamber of Commerce

Simultaneously, through emails and conference calls, Eisman was advising Education Department officials -- and one White House adviser -- in detail on how best to write the new regulation, which he estimated would reduce the schools' earnings by as much as 75 percent.<<<<


Read more: http://www.foxnews.com/politics/2011/05/31/ed...

Since: Aug 10

Atlanta, GA

#11 Jun 2, 2011
jon wrote:
<quoted text> a cash infusion would be tax cuts across the board. debts need to be paid.
Tax cuts help no one but the rich. It would take a hell of a tax cut to help someone like myself who doesn't pay that much in taxes. Eliminate someone's student loan debt, however, and THAT would help most working people tremendously.

Since: Aug 10

Atlanta, GA

#12 Jun 2, 2011
Democraps wrote:
<quoted text>hey 'dung'... you are sounding like the reterded moron that you are! go back and crawl under your commie chinese rock!!!
Hey Freak Town Reject - I thought you'd moved out of your mom's trailer and got a job finally. It might be a good thing or YOU to get a student loan and go to school and learn some debate skills. They didn't educate you very well during your years in the circus.

Since: Aug 10

Atlanta, GA

#13 Jun 2, 2011
<<<The government is moving forward with its crackdown on the country's for-profit schools, aiming to protect students from taking on too much debt to attend schools that do nothing for their job prospects...>>>

For profit schools. These are most often trade schools as opposed to universities and state colleges.

Think about this for a moment, smart Topix posters. A crackdown on for-profit schools as opposed to universities. If you're quick to catch on you're seeing a plan forming here and it has nothing to do with worrying about students taking on debt.

Who do YOU think has more power to manipulate the government into such a plan? The corner trade school or the big universities? There have been many recent stories about how many people are opting for smaller schools and trade schools because the cost of higher education has gone beserk. Now suddenly the government wants a "crack-down" on for-profit schools?

Oh, the manipulation of this country and this government. And it's not just because Obama's in office. It's just the way that craphole in Washington works. ALWAYS against the little people; always FOR those with the money to manipulate the system.
Eleanor

Mundelein, IL

#14 Jun 2, 2011
Deng wrote:
COUNT DEBT RELIEF AS INCOME. DEBT THAT IS STRANGLING THE ECONOMY HAS TO BE FORGIVEN AND THERE IS NOT MUCH TIME LEFT FOR THE UNITED STATES TO ACT BEFORE A TOTAL COLLAPSE.
OF COURSE DEBT RELIEF WOULD BOOST THE VALUE OF THE UNITED STATES DOLLAR BY CUTTING THE SUPPLY OF DOLLARS, THE OPPOSITE OF WHAT IS WANTED NOW BY THE FINANCIERS THERE.
Deng wrote:
WRITE OFF ALL THE STUDENT'S DEBT TO GIVE THE ECOMOMY A DEBT-FREE CASH INFUSION WHERE IT IS NECESSARY, AT THE VERY BOTTOM.
a cash infusion would be tax cuts across the board. debts need to be paid. <quoted text>
Deng ... since MOST of USA debt is owned by CHINA, you think your country would write off our debt????

<I didn't think so>
Deng

Nanjing, China

#15 Jun 2, 2011
WE REINVESTED A LOT OF OUR EXTERNAL-BASED DEBT IN OTHER COUNTRIES USING THE U.S. TREASURIES AS COLLATERAL, LIKE IN LIBYA.

Deng wrote:
COUNT DEBT RELIEF AS INCOME. DEBT THAT IS STRANGLING THE ECONOMY HAS TO BE FORGIVEN AND THERE IS NOT MUCH TIME LEFT FOR THE UNITED STATES TO ACT BEFORE A TOTAL COLLAPSE.
OF COURSE DEBT RELIEF WOULD BOOST THE VALUE OF THE UNITED STATES DOLLAR BY CUTTING THE SUPPLY OF DOLLARS, THE OPPOSITE OF WHAT IS WANTED NOW BY THE FINANCIERS THERE.
Deng wrote:
WRITE OFF ALL THE STUDENT'S DEBT TO GIVE THE ECOMOMY A DEBT-FREE CASH INFUSION WHERE IT IS NECESSARY, AT THE VERY BOTTOM.
a cash infusion would be tax cuts across the board. debts need to be paid. <quoted text>
Deng ... since MOST of USA debt is owned by CHINA, you think your country would write off our debt????

<I didn't think so>
Eleanor wrote:
<quoted text>
Deng ... since MOST of USA debt is owned by CHINA, you think your country would write off our debt????
<I didn't think so>
Knox

United States

#16 Jun 2, 2011
Democraps wrote:
who gives a crap?
students graduating the past 2 years under odumba cannot even find a job at mcdonalds!!!
they are all moving back in with their parents for the next decade or so!!!!!
and too many of them aren't up to snuff academically

“i hope we can change this!”

Since: Aug 08

usa

#17 Jun 2, 2011
tidy catz wrote:
<quoted text>
Tax cuts help no one but the rich. It would take a hell of a tax cut to help someone like myself who doesn't pay that much in taxes. Eliminate someone's student loan debt, however, and THAT would help most working people tremendously.
by any other name, a bailout is still a bailout...
THOSE don't help working people...at all!

check the story BEHIND the new regulations...
the ONLY one making out on the regulations will be the hedgefund crooks.
courtesy of the obama administration.
Hedge

Knoxville, TN

#18 Jun 2, 2011
the bailout only helps those who messed up http://nabacar.com
Deng

Nanjing, China

#19 Jun 2, 2011
WHAT GOOD DOES IT DO TO BAIL WATER FROM A ROTTEN BOAT?
SouthSide

Reading, PA

#20 Jun 3, 2011
Eleanor wrote:
<quoted text>
Deng ... since MOST of USA debt is owned by CHINA, you think your country would write off our debt????
<I didn't think so>
Most of the US debt is not owned by China. Their share is actually under 1 trillion.
All US debt is in US treasury bonds. Over 2 trillion of which is owned by The Social Security Administration. China owns less than 1 trillion. 1 trillion out of 14 trillion total is not Most.
true

Wirtz, VA

#21 Jun 3, 2011
Sounds like we need more dream acts for illegals, either that or register our kids under the name hernandez that might work
democraps

Tampa, FL

#22 Jun 3, 2011
I see the gay/nambla loving democraps are out in full farce as usual ... why don't you get out of your mama's basements & for GODsakes put down that blow up odumba doll you've been screwing with!!!

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