Godfather Politics -- 10/24/2011 -- Giacomo
Is Ron Paul Right About Federal Student Loan Programs' Failure?
The skyrocketing costs of tuition have made it more and more difficult for students to work and pay their own way through college. If their parents are not rich enough to pay for their schooling, they are left with no other choice than to take out a student loan.
And according to Republican presidential candidate Ron Paul, this is part of the problem with the system. He feels that the federal student loan programs have been partially responsible for the higher cost of a college education.
The cost of higher education has increased 439% since 1981, much higher than health care costs.
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Federal student loans will just become a beneficial for you. Whereas they're really practical after you would really like them for higher education, they are going to become difficult and annoying once it comes time to pay them back.
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