Thursday, August 6, 2015

College Financial Aid Realities - Helping The Poor With Education

I've always thought that before we give college kids student loans we ought to make sure they have had a job previously, understand budgeting, and taken a few economics classes. Further, I've been rather concerned with this notion we keep telling everyone; if you want to be successful in life, you need to go to college. Well, there is a rational reason for this, but it may be more about barriers to corporate job entry aligning with college degree requirements rather than any reality of what is truly needed to operate in that job.

Now then, why do I believe that college is not the best option for everyone? Well, not everyone is going to work in corporate America, only 15% currently, less than 10% for the government, and the rest of the people will be self-employed or working in a small business, which pretty much doesn't need a worker with a college degree. But if we are going to give loans to students and offer them a dream in exchange for economic enslavement, we need to get that money back that they duly signed their name to for a chance to play. The Choice for debt should come with responsibility.

Science Daily published an interesting article titled; "Neediest Students Most Likely to Miss Aid Deadlines," on Nov. 4, 2013, which stated; "Students with the greatest need for financial aid for college are the least prepared to submit the applications early enough to receive it, according to a study by a researcher at the University of Illinois at Chicago and an Illinois financial aid official."

Interesting, which could tell you why they are needy in the first place, you see, they don't follow the program, have a lack of responsibility, and come from a family with the same tendencies - you cannot help people who won't help themselves, nor should you try. They will later miss student loan payments, job interviews, house payments, ObamaCare sign-up deadlines, etc. By allowing them to get away with missing deadlines through bleeding heart liberal theory, political correctness, or foolish extended empathy does them no good and the taxpayer no good either. Too harsh you say - I don't believe so.

If we are not getting student loans paid back, maybe we ought to make better student loans to more responsible people, or teach responsibility, budgeting, ethics, economics, and life skills too? Well, that's my view on it, what's yours? Please consider all this and think on it.

Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net.

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