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More Students Than Ever Depend On Gov’t Aid

From the Politico:

More students than ever rely on federal college aid

By LIBBY A. NELSON | August 20, 2013

Students and families are more willing than ever to borrow to pay for college and increasingly reliant on federal grants and loans to help with tuition bills, statistics released today from the U.S. Education Department show.

For the first time, a majority of undergraduates are receiving some kind of federal financial aid — 57 percent. A higher proportion than ever are taking out loans

What excellent news. There are now more kids who are beholding to the government.

About 41 percent of all undergraduates took out loans, up from 35 percent four years ago. Borrowing is on the rise even in top income brackets. About 46 percent of students with families making more than $100,000 per year took out student loans, and a majority of students from families making $80,000 or less borrowed to pay for college.

The numbers also show the effect of skyrocketing spending on the Pell Grant. About 41 percent of all students received the grant in 2011-12, a 14 percent increase. Congress expanded the grant program several times between 2007 and 2009. As the economy faltered and incomes fell, spending on Pell grew from $12.8 billion in 2007 to $35.6 billion in 2011 before falling slightly last year.

And as long as the government keeps increasing the grants, colleges will keep raising their rates. It’s economics 101.

Students at for-profit colleges were especially reliant on federal financial aid programs. More than three-quarters of students at for-profit colleges granting associate or bachelor’s degrees received federal student aid. And an additional 10 percent of students at for-profit colleges granting bachelor’s degrees received veterans’ benefits — a higher proportion than at public or private nonprofit colleges…

Many if not most of these schools only exist to take money from the government US taxpayer.

Meanwhile, we have this from The Hill:

Biden, Obama planning ‘fun’ college tour

By Justin Sink | August 19, 2013

Vice President Biden will join President Obama for the Scranton, Pa., leg of a "fun and informative" bus tour on college costs, the White House said Monday. Spokesman Josh Earnest said that the president would discuss how to "reign [sic] in the skyrocketing costs of a college education."

Fittingly, the so-called journalists at The Hill still don’t know the difference between ‘reign’ and ‘rein.’ And they probably even attended a college.

"It is going to be hopefully both fun and informative," Earnest told reporters at the daily press briefing. "The president does plan to have some new proposals that he’s going to be talking about." …

Naturally, Mr. Obama will never suggest that colleges might actually cut their costs. After all, they are the Democrat Party’s foremost propagandists.

They indoctrinate the next generation into the glories of socialism. Obama cannot afford to alienate them.

This article was posted by Steve Gilbert on Tuesday, August 20th, 2013. Comments are currently closed.

2 Responses to “More Students Than Ever Depend On Gov’t Aid”

  1. Dependency = Subservience

    (why it’s like it’s a Plan or something)

  2. “Spokesman Josh Earnest said that the president would discuss how to “reign [sic] in the skyrocketing costs of a college education.”

    Fittingly, the so-called journalists at The Hill still don’t know the difference between ‘reign’ and ‘rein.’

    Well, we know that the press think treat him like he’s royalty. Maybe he did mean Obama would reign in the realm of skyrocketing costs of college education indoctrination.


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