Sunday, July 21, 2013

July 21st, 2013
Dear Senator Blumenthal and Cong. Larson:

If a college education is not longer worth it (see below articles), then interest rates on college debt are academic which begs a few questions:

1) where are federal laws mandating Truth in Education -and Truth in Education Lending wherein colleges and lenders apprise students & parents about negative 'returns on investment' and high borrowing and college costs they may never be able to repay?
2) why can't students deduct THEIR bad investments just like Wall St Banksters can do under federal law?
3) why are taxpayers financing investments that have a negative return?
4) why can't student loan borrowers obtain federal bankruptcy protection when their investment and finances sour - just like all other investors?
5) what Congress do to make such investments POSITIVE-for students, parents AND for taxpayers?

Alan DiCara - Winsted, CT
-from a Google search for "a college education is not worth it ":  About 151,000,000 results (0.29 seconds) :

Search Results:

  1. A College Degree May Not Be Worth the Cost - US News and World ...

    May 9, 2013 - Former U.S. Secretary of Education William Bennett explains why a college degree may not be worth the cost.
  2. Is a College Degree Still Worth It? | Debate Club | US News Opinion

    No — Four to six years of partying do not equal an education ... Yes — Students and their families should not simply assume that college will be "worth it".
  3. News for a college education is not worth it

    1. Is College Worth It? Grads Feel More Disengaged at Work
      U.S. News & World Report ‎- 2 days ago
      The majority of American workers with a college degree said they do not have "the opportunity to do what [they] do best every day" at work, ...
  4. Don't Buy The Hype, College Education Is Not An Investment - Forbes
    Jun 12, 2013 - Don't Buy The Hype, College Education Is Not An Investment ... boosters continue to proclaim that college is undoubtedly “worth it” and “still a ...
  5. Are Bachelor's Degrees Worth It? -

    Apr 26, 2013 - The credential is all that matters, not where it's from—a view now ... Think a community-college degree is worth less than a credential from a ...
  6. A college degree may not be worth it | Extra Credit | an ...
    May 9, 2013 - A college degree may not be worth it. ... But for some college graduates, that bachelor's degree will never be worth what they paid for it.
  7. Is College Worth It: The Value of Higher Education - Pacific Standard
    May 13, 2013 - Pursuing a college degree is a good decision for most, but not all. King's College Chapel. (PHOTO: CHRISTIAN RICHARDT/WIKIMEDIA ...
  8. Higher education: Not what it used to be | The Economist

    Nov 29, 2012 - Running the numbers ON THE face of it, American higher education is still in rude health. In worldwide rankings more than half of the top 100 ...
  9. College degree not worth what it was - Economy
    Mar 7, 2012 - Today's college grads are earning far less than their older siblings coming out of school. Entry level wages for male college graduates fell to an ...
  10. Is a College Degree Worth It? - Yahoo! Education
    Check out these arguments for - and against - higher education. ... Is Going to College Worth it? ... Argument against Higher Education - Tuition is Not Cheap.
  11. Why College May Not Be Worth It -

    Aug 10, 2012 - Given the skyrocketing cost of post-secondary education; static, underwhelming graduation rates and a ... Why College May Not Be Worth It.