Home » Opinion » Editorials
Ignore money: Shaheen's awful college advice
Sen. Shaheen is a sponsor of the "Pay As You Earn plan." The legislation "caps payments for Federal Direct Student Loans at 10 percent of discretionary income," as a Shaheen press release explained it. The idea is that recent college graduates often have low-paying jobs, so their student loan payments should be held to levels they can always afford to make.
Shaheen said the plan "is especially important for workers in lower-paying public service careers, such as teachers, nurses, or first-responders." Then she made this stunning statement: "Students should be able to pursue a career based on their passions and interests, not by concerns about being able to pay back their loans."
In what universe?
Shaheen would have students pursue their dreams free from financial considerations. Their parents might have other ideas. Choosing to be a social worker or a (gulp) journalist instead of a banker or entrepreneur is a matter of more than personal fulfillment. It is a matter of economics as well. Young people should understand the real-life financial consequences of their career choices. They should not be encouraged by government policy to expect that such consequences are a matter of no concern.
The ready availability of government-subsidized, low-interest student loans already encourages people to pursue careers with little regard to their ability to repay those debts. Further distancing career choices from the financial realities that await in the real world sounds compassionate, but it could lead to many more people staying in debt much longer while pursuing work for which there is little demand.
READER COMMENTS: 0
- Celebrating Claremont: A 250th birthday party - 0
- Trashed lunches: Brownies, broccoli and bucks - 18
- Surprise, surprise: Obamacare funds abortions - 60
- Casino gambles: Hopes dashed all over - 8
- USNH's raw deal: Part deux - 2
- Every vote counts: Here is the proof - 5
- Burning rubber: And public dollars - 0
- Hassan was right: 'Bullying' bill goes too far - 12
- Strategery: A war by any other name - 28
READER COMMENTS: 0
- Vailas rallies UNH football to 29-26 win over Richmond - 0
- Dave D'Onofrio's Patriots Notebook: Raiders should be tucked away early - 0
- St. Anselm football wins home opener, goes to 3-0 - 0
- SNHU golfer Nutter earns weekly honor - 0
- Dover's Helliwell wins ACT Invitational - 0
- Concord, Pinkerton, Coe-Brown runners win - 0
- Nashua South gets on track by beating Merrimack - 0
- Pinkerton stuffs Salem late, holds on - 0
- Dartmouth football wins opener over Central Conn., 35-25 - 0
Goodell vows domestic violence change