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steve  ·  4537 days ago  ·  link  ·    ·  parent  ·  post: Obama Taking On Student Loan Debt
this speech is being given very near my home, and I'm bummed that I can't go (need a student or faculty ID to get tickets AND to attend). Though I don't count myself an Obama "fan", I do respect him and the things he is trying to do. I'll be very interested in what comes of the speech, what he says, and how it is received.

I'm a little skeptical about the whole thing. I paid off student loans... and it sucked. But it was up to me to balance the risk vs. rewards. I like easing the student loan burden, but I don't like the idea of subsidizing some kids decision to get a masters in english lit only to complain that he/she can't afford to repay that on an English teacher's salary. There has to be a balance somewhere. Equal parts "yes Johnny, we will cap your student loan repayment" and "no Johnny, you won't make $90k/year to repay the loan for a masters in the history flip book animation".

I don't know how to implement that balance.