|Todd Aiken - Stage 111 Cancer of Socialism|
Saturday, June 1, 2013
"Stage III cancer of socialism"
"Most successful industrialized Countries including Israel, India and Germany have pulled themselves ahead the United States in education and training. These Countries they have not allowed their Students to be saddled by Loans and other Debts rather subsidized their Education up to a first Degree in return for voluntary service". In America some Politicians advocate students Education should become Pawns of of the Banks before they earn a penny in their profession".
President Obama removed a part of this extra financial obligation by taking away the Student Loan disbursement from the Banks saving Students $6 Billion Dollars in interest and fees. These actions were seen as a Negative by some Elements of the Republican Party including Representative Todd Aiken referring to the move as, "more than 7.4 million students currently hold affordable student loans at a 3.4 percent interest rate.
"The Banks should be allowed to participate in students Loan but their rates should be reasonable and affordable. Like the Government the Private sector has a role to play in the Education of our Students and that does not include unreasonable Loan Rates and fees saddling them with long term debts to enrich themselves".