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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 30 , 2012/ 8 Iyar, 5772

We must deal with college student debt rate

By Dan K. Thomasson




http://www.JewishWorldReview.com | Whatever the outcome of President Barack Obama's efforts to keep the 3.4 percent interest rate on college loans from doubling July 1, it is clear that the system badly needs a new approach.

Keeping the current rate is about the only thing the president and his presumptive Republican opponent in November, Mitt Romney, seem to agree is necessary. For both candidates, it is merely a matter of practical politics.

For Romney, opposition to the status quo would further aggravate the youth vote where he already is trailing Obama badly, according to current polls. For Obama, who has made several college appearances in the last few weeks, it is not only a matter of maintaining that lead among 18- to 24-year-olds, it is also necessary to recapture lost enthusiasm in a demographic notorious for its dilettantes when it comes to voting. The presidential campus appearances reportedly generated far less excitement than buoyed him in his first campaign.

However, the politics of the situation are not the compelling story here. It is, it seems to me, the implications of what failure to somehow come up with a viable, long-range solution to college finance ultimately will mean. Without that, the statistics that are already horrible will only get worse and the real result will be fewer college graduates to meet the nation's needs.

The average college debt is a little over $24,000. Some debts far exceed that, going as high as $100,000, especially among those seeking professional degrees in medicine, dentistry and law. The cost of an undergraduate degree seems to never stop climbing and college administrators are somehow almost helpless to stop it although they realize the increasingly debilitating results. Any major jump in the interest rate would obviously fall heaviest on those in the lower economic classes, depriving them of a way to excel and depriving America of vital assets.

Under the circumstances, many Americans are questioning the value of higher education. Is it worth it? The answer is clearly yes when one measures the financial difference between a high school diploma and a college degree. That amounts to an average $400 a week and an estimated $1 million more in lifetime earnings. Even in these rough employment times, the jobless rate for college grads is about 4.4 percent as compared to more than 11 percent for those without a college education. Part of that difference comes in the decline of the nation's heavy industries -- steel, auto production, agriculture and manufacturing -- which once offered a solid living after high school. Service jobs don't meet the need.

So how do we solve the problem, especially when it comes to family incomes that won't support sending a member off to university?

Jay Moseley, the president of Franklin College, a highly rated 177-year-old liberal arts institution in Indiana, believes the solution may lie in copying to one degree or another the British and Australian methods of paying off the loans through taxation. Using the statistics of greater income for college grads, the Internal Revenue System merely would collect the money through income taxation. The rate would depend on the income of the borrower. If that income fell below the poverty line, he or she would not have to pay until it climbed. After 25 years or so, the remaining debt would be forgiven.

The government cleared the way for this when it took over the federal loan program from private financial institutions a year ago.

Moseley acknowledges the need for institutions to bring their charges into line and Franklin has tried hard to keep its tuition and room and board at a level that can make it still attractive to an economically diverse enrollment. But the pressures for quality faculty and facilities are large. As many schools do, it offers its own loans to qualified students.

Whatever occurs in Congress before the July deadline for raising the interest rate, there should be a general agreement even in this volatile election year that reform is not only needed but is imperative.

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04/10/12: At least Ryan has a deficit-cutting plan

04/05/12: Celebrate one-year rent-a-teams?

03/12/12: A kinder, gentler day when fists settled disputes

03/05/12: Do conservatives want a victory or a statement?

02/27/12: Hillary vs. Jeb?

02/17/12: Why wait for the until GOP nominating convention?

02/17/12: Prez is not a god, just a cause of O.G. D.: Obama Governmental Dysfunction

02/13/12: Minor tardiness doesn't warrant court action

02/08/12: College rankings aren't always reliable

02/01/12: Millionaire Fans Watching Millionaire Players

01/30/12: Kiriakou case may plug leaks, stifle democracy

01/09/12: Feds need to find if Brit hackers targeted 9/11 families

12/23/11: NIH flu-strain decision endangers us all

12/09/11: U.S. Postal Service may be beyond saving

11/30/11: Do-gooder gets deserved earful

11/24/11: Lawmakers should pledge to think on their own

11/22/11: Iowa: Vital to GOP now, irrelevant later

11/16/11: Pentagon's ‘senior mentor’ service takes hit

11/14/11: With Congress, expect more intransigence

11/08/11: Paterno's illustrious career faces tarnished end

10/31/11: The FBI is burned by its Boston informants

10/18//11: President Inexperienced again picked style and enthusiasm over caution. He must pay

10/10/11: Prosecutors routinely abuse plea bargaining

10/04/11: In Christie,shades of William Howard Taft

09/27/11: One word for Obama's prospects --- ‘bleak’

09/26/11: Obama quickly running out of time

09/23/11: Big-time college football is now all about the money

09/22/11: A trip to the dentist cleans out your wallet

09/06/11: College rankings a useless exercise

08/31/11: Thankful a mother isn't alive to see this hungry mess

08/30/11: ‘Supercommittee’ should meet in secret

08/22/11: Is college still worth it? Some majors are

08/15/11: Pray for miracle from debt committee

08/09/11: S&P mixes credit ratings with politics

08/08/11: Politics again takes precedence over common sense

08/04/11: In modern society, a distinct pattern of senselessness

07/29/11: A debt solution: Throw the rascals out, all of them

07/21/11: Campaign finance reform --- you're kidding, right!?

07/08/11: Casey Anthony jury did its job

07/05/11: Nailing a prominent figure or institution should come at a heavy risk — and an even greater price if proven a hoax





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