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
- 'Honor' flag for veterans fuels debate - 7
- House panel hears account of Benghazi attack - 4
- N.H. journalist held in Syria believed to be in detention center - 2
- Obama says he does not foresee sending U.S. troops to Syria - 1
- CNN Report: U.S. believes Israel has conducted an airstrike into Syria - 0
- NH Medevac unit headed to Afghanistan hopes for repeat of no casualties - 2
- Canada thwarts 'al Qaeda-supported' passenger train plot - 3
- A simple flag is a cornerstone to memories of Marine's time in Iraq - 2
- U.S. spy agency says North Korea can launch nuclear missiles - 0
READER COMMENTS: 2
- Two sustained minor injuries in Rochester crash Sunday - 0
- Boat crash in Tuftonboro investigated - 0
- Manchester alderman urges review of police phone use - 12
- Updated: Man fatally shot on Manchester street; neighbors shocked - 0
- Nashua mayor to recommend Bennett for corporation counsel - 0
- Claremont group disputes incinerator plant's permit - 0
- Goffstown artisan gives new face to Wolfeboro tower - 0
- Katie McQuaid's Scene in Manchester: Kiwanis and the kids - 0
- Town may have to fix grave error - 2
Town may have to fix grave error
UNH hires firm to redesign one of its logos
Disengaged: Obama's lousy excuse
Chechen decries Boston attack