Tuesday, February 16, 2016

Students and Economics

Is the cost of education worth the education that young adults are receiving?

"Love of money can destroy---knowledge and wisdom concerning money can make smoother sailing in turbulent waters."

How much of the national debt is caused by student loans?
1.3 trillion dollars. When students are asked how much debt they owe, 90% of students did not know. A few said that they would file bankruptcy, not realizing that bankruptcy doesn't erase student loans. The Federal government relies on wage garnishment if the loans are not paid.  

Students want Bernie Sanders and "free" college tuition.
What most students don't understand is that old acronym TANSTAAFL.
TANSTAAFL---There ain't no such thing as a free lunch.
What is so amusing about all of this?
Get this-- only 3% of colleges require students to take an economics class. 

Why is this the case?
Maybe, just maybe, colleges and universities don't want these college students to do the math, or understand economics.  
Why would our colleges not want them to know about economics?

Think about this.   Bernie Sanders, the socialist presidential candidate, gets most of his support from the 30 and under crowd--those who are tens of thousands, or even hundreds of thousands of dollars in debt.
Really, the government that they want now owns them, and ALL THEIR HOPED FOR FUTURE ASSETS.now owns them.  
                                                                   It is hard to rip off educated consumers.

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