{"id":8901,"date":"2011-10-28T12:58:26","date_gmt":"2011-10-28T16:58:26","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=8901"},"modified":"2011-10-28T12:58:26","modified_gmt":"2011-10-28T16:58:26","slug":"the-promised-government-help-with-college-loans-is-not-what-it-appears-to-be","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=8901","title":{"rendered":"The Promised Government Help With College Loans Is Not What It Appears To Be"},"content":{"rendered":"<div class=\"zemanta-img\" style=\"margin: 1em; display: block;\">\n<div style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http:\/\/commons.wikipedia.org\/wiki\/File:United_States_Capitol_-_west_front.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"zemanta-img-configured\" title=\"The western front of the United States Capitol...\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/b\/b2\/United_States_Capitol_-_west_front.jpg\/300px-United_States_Capitol_-_west_front.jpg\" alt=\"The western front of the United States Capitol...\" width=\"300\" height=\"156\" \/><\/a><p class=\"wp-caption-text\">Image via Wikipedia<\/p><\/div>\n<\/div>\n<p>Yesterday John Podhoretz posted an article at the <a href=\"http:\/\/www.nypost.com\/p\/news\/opinion\/opedcolumnists\/college_loan_scam_nC7ICPN37lYStja83PBSaN\">New York Post<\/a>\u00a0detailing what President Obama&#8217;s proposed changes in how college loans are financed would mean to the average student.<\/p>\n<p>Mr. Podhoretz points out that the federal loan programs have resulted in out of control tuition costs at colleges. He states:<\/p>\n<div>\n<p style=\"padding-left: 30px;\"><strong>The staggering inflation in the cost of higher education since the federal government got involved in lending money to Americans for college in 1965 beggars description. One federal study found that between 1982 and 2007, tuition costs rose 432 percent while family income rose only 147 percent.<\/strong><\/p>\n<\/div>\n<div>The article further reports:<\/div>\n<div>\n<div>\n<p style=\"padding-left: 30px;\"><strong>So say you\u2019re an average student carrying a $27,000 debt. Your monthly payment is about $208. With the reforms Obama is instituting, and assuming an interest rate of 6 percent, your monthly payment will drop $9 a month to $199. Staggering.<\/strong><\/p>\n<p>The article also points out that under the proposed changes, the government would be entirely responsible for college loans. Students would borrow directly from the government and pay the government back. What happens when students default? The taxpayers pick up the tab. Aside from the fact that the benefits to the students of this program are\u00a0minuscule, we need less government in all aspects of our lives&#8211;not more.<\/p>\n<\/div>\n<\/div>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: none; float: right;\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=932b92fc-4512-4469-a723-e02b60c1baed\" alt=\"Enhanced by Zemanta\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday John Podhoretz posted an article at the New York Post\u00a0detailing what President Obama&#8217;s proposed changes in how college loans are financed would mean to the average student. Mr. Podhoretz points out that the federal loan programs have resulted in &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=8901\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[97,1005,1003,485,657,562,1007,1004,1006],"class_list":["post-8901","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-barack-obama","tag-higher-education","tag-john-podhoretz","tag-loan","tag-new-york-post","tag-obama","tag-rapid-increases-in-college-tuition","tag-student","tag-student-loans"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/8901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8901"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/8901\/revisions"}],"predecessor-version":[{"id":8903,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/8901\/revisions\/8903"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}