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Government Subsides Hurting Cost of Education?

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    Student loans see an increase in recent years

  • Duration 4:13
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The -- would brooks is a policy director at public notice former senior -- staffer for us senator Roger Wicker.

And -- -- Michael junior joins us he's founder of thousands Michael associates of policy consultant or policy analysts and political consultant to -- vote if you.

You know here -- That are part of the year here at Fox News.

Studying why the cost of education keeps going up up off.

Three huge percentages every year college tuitions mostly I was part of that there was one hour documentary.

And we traveled throughout the country and visited the different colleges and we came up for the same conclusion the congress did after -- study.

That all of this sort of free money.

By the government government subsidies in -- guarantees and grants and so on and so forth simply allows colleges and universities say hey.

They're getting worked so let's charge more right.

And that's the problem made -- perhaps we were to lower that kind of money to students tuition -- -- down correspondingly.

But it's it's a bit of a catch 22 because He.

These student loan debt which is down -- credit card debt in this country student loan debt.

Has been increasing so significantly that it's now it's a barrier to entry for a lot of young people that -- to go to college come out get good jobs by the way those drugs are really there anymore.

But.

An -- to go to college and get jobs.

-- it right to be honest with you I don't really see there being any real controls on the amount that tuitions actually going up.

The the sad part is that for the most of us we did you student loans going to be a part of our -- the one thing that I would pass on my kids as much student loan debt.

So it's it's an incredible probably quite frankly I don't see the controls there on the part of colleges to keep cost.

Palin would do we have gone down lower Manhattan talk to many of the protesters occupy Wall Street.

And it started out really I must say initially with all a lot of students most of -- Columbia's students.

Who went down there they were angry because they wanted their student loans to all be forgiven.

To which one might ask the natural question will if you couldn't afford the loans why did you take them out and by the way nobody forced you to go to college.

Flexibility that's a brilliant point in.

You know I think Obama's plan pres Obama's plan as well intentioned.

But it just ignores.

The economics.

And there's no role for the government to be trying to.

To discover all of pell grants and student loans.

And mean if you took out the loan -- responsible for paying it off.

And there's no role for the government to step then we tried this before.

Without modifying home -- -- home mortgages and it does doesn't work no matter how well intentioned it here.

You know I remember interviewing a woman who graduated from the University of Chicago.

And she had racked up a -- 200000.

Dollars in college debt.

And she wanted to go you know work -- is social worker.

And now -- there's no way.

As a social worker you're ever gonna be able to pay off 200000 dollars in dad and so we we -- in what were you thinking.

And she had wheels she her answer was they should've told me that I couldn't handle this -- whatever happened -- some personal responsibility.

I think it's still there but you know that we we kind of speak of two minds here.

On the one hand everybody's telling us you've got to go to cause got to go to college got to get this degree within 22 year forty degrees used to be that the best -- -- good enough now it's the master's degree so there's that incredible amount of publicity around a lot of conversation around pushing people into college so it's almost like -- we seen.

-- -- -- -- -- -- -- -- Ultimately that's -- -- trees and what's what's interesting now quite frankly is that there are a lot of economists talking about the fact that we have pushed a lot of people into college.

-- that there are no jobs available at the other end of it but He were also not fostering the entrepreneurial activity which is -- which is a key to -- --

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