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Nope. As I previously stated, the money’s there, it’s just not handed to anybody for doing absolutely nothing.</p>
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Objection: speculation! Under this system, all anybody would have to do would be to walk in to a bank with a reasonable plan of how much money they wanted to take out and how they planned on paying it back. (Kids going to college should have this exact procedure planned already, anyway.) Reasonable plan = loan. Unreasonable = find a cheaper school.</p>
<p>You seem to be conveniently ignoring the fact that there are two people in this very thread, myself and October47, that are financing our college lives and educations without monetary inputs from our parents or the government. You’re trying to claim that it’s impossible, but we’re doing it! If I can pay my way through college using part-time jobs and merit scholarships (and full-time jobs over the summer), how can you claim that most people would be “cut off” from being able to afford college? Please answer this question.</p>
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Look, I don’t even know what Ayn Rand is. But I’ll re-cap my situation: if my parents make $80k/year, but don’t give me any of it, how is my life any different from if they make $20k/year? And how will it affect me in any way when it’s time to pay back my student loans (if I end up having to take some out before I graduate)? Please answer this question.</p>
<p>And if successful, wealthy parents want to give their children the gift of a free education, that’s a choice they make. It doesn’t hurt anyone else. On the other hand, handing out grants and subsidized loans with no merit basis does hurt other people (tuition inflation, national debt, etc.)</p>