June 19, 2012
Ending Federal Student Loans Is a Terrible Idea

Student loans have probably never been less popular than they are now. They’re a burden on young adults and a drain on the economy. So why not just scrap the whole enterprise? 

That’s what Ohio University Professor Richard Vedder is suggesting this week on Bloomberg View. He advocates getting Washington out of the student lending game entirely by nixing the Department of Education’s direct loan program without reviving the old system of subsidizing private bank loans. In the meantime, he’d spend some of the savings on additional grants for “low” or “fairly low-income” students. 

Sound reasonable? It’s not.

Read more.

  1. primuscapio reblogged this from theatlantic and added:
    Yes, yes it is.
  2. singlemothergrants reblogged this from theatlantic and added:
    Student loans have probably never been less popular than they are now. They’re a burden on young adults and a drain on...
  3. denyinghipster reblogged this from theatlantic
  4. sanctuarial reblogged this from theatlantic
  5. racheldeer reblogged this from theatlantic and added:
    people fucking suck today!
  6. ligaturesignature reblogged this from theatlantic and added:
    WHO THE FUCK WOULD EVER THINK THIS IS A GOOD IDEA
  7. elladrondelibros reblogged this from friendofhagrid
  8. chrisdelarosa reblogged this from theatlantic
  9. emphasisjm reblogged this from theatlantic and added:
    Agreed. I wouldn’t have been able to go to school without student loans, and I’m starting my third year in a PhD...
  10. buddhassecret reblogged this from theatlantic
  11. eightynine reblogged this from theatlantic
  12. theworldandotherplaces reblogged this from questionall
  13. tr0tskitty reblogged this from theatlantic
  14. questionall reblogged this from theatlantic
  15. friendofhagrid reblogged this from theatlantic
  16. besidestheobvious reblogged this from theatlantic
  17. hella-neato reblogged this from theatlantic and added:
    Lol ok just let me pull thousands of dollars from my asshole.