I believe that college and technical colleges should be viewed as an investment in the next generation. The data from the GI bill following WWII showed that for every $1 invested in an education the taxpayer recouped $7 due to higher taxes on the higher earned income. When I went to college I worked on the farm during the summer for low wages but was able to save enough money to pay for tuition for the whole year. Tuition was around $200 per semester. It is IMPOSSIBLE for a kid to work their way through college like I did and we should recognize that. Put provisions in place like taking out the student loans and with exceptions for hardships forgive those loans on completion of the degree. That increases the likelihood that the taxpayer recoups our investment plus extra benefits as an educated individual is more likely to pass those values on to their kids so a multi-generational societal benefit as well.
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I believe that college and technical colleges should be viewed as an investment in the next generation. The data from the GI bill following WWII showed that for every $1 invested in an education the taxpayer recouped $7 due to higher taxes on the higher earned income. When I went to college I worked on the farm during the summer for low wages but was able to save enough money to pay for tuition for the whole year. Tuition was around $200 per semester. It is IMPOSSIBLE for a kid to work their way through college like I did and we should recognize that. Put provisions in place like taking out the student loans and with exceptions for hardships forgive those loans on completion of the degree. That increases the likelihood that the taxpayer recoups our investment plus extra benefits as an educated individual is more likely to pass those values on to their kids so a multi-generational societal benefit as well.
Post: On Borrowed Time?
Link to comment from August 10, 2024