Protect Our Students as We Protect Businesses
source: http://bit.ly/c9vpPK
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- NankinYP
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Government has a role in ensuring all qualified students have access to higher education, writes YPNation Alex Hertel-Fernandez. Here's what else he had to say:
"But there is another important risk that the government is not currently insuring students against: the risk that students will not finish their degree and still be saddled with debt. About half of all Americans with student debt have dropped out of school. Most students who drop out cite economic reasons, according to a recent survey by the Gates Foundation. These students generally either cannot afford to continue classes or cannot balance employment and their coursework.
Another comparison with private businesses is useful here. The tax code allows individuals and businesses to deduct the losses associated with a failed investment from their income taxes, with the goal of promoting investment in financial capital. Students, too, should be shielded, in part, from the “downside” risk of not completing higher education to encourage continued investment in human capital. By forgiving only a portion of their loan, students will still have a strong financial incentive to complete their degree."
Read more here: http://bit.ly/c9vpPK
"But there is another important risk that the government is not currently insuring students against: the risk that students will not finish their degree and still be saddled with debt. About half of all Americans with student debt have dropped out of school. Most students who drop out cite economic reasons, according to a recent survey by the Gates Foundation. These students generally either cannot afford to continue classes or cannot balance employment and their coursework.
Another comparison with private businesses is useful here. The tax code allows individuals and businesses to deduct the losses associated with a failed investment from their income taxes, with the goal of promoting investment in financial capital. Students, too, should be shielded, in part, from the “downside” risk of not completing higher education to encourage continued investment in human capital. By forgiving only a portion of their loan, students will still have a strong financial incentive to complete their degree."
Read more here: http://bit.ly/c9vpPK
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- groups:
- Community
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- tags:
- Education, College, Student Loans, higher education, 1 more
