{"id":425739,"date":"2010-03-14T03:36:07","date_gmt":"2010-03-14T07:36:07","guid":{"rendered":"http:\/\/www.szone.us\/f88\/ways-make-higher-education-more-affordable-40838\/"},"modified":"2010-03-14T03:36:07","modified_gmt":"2010-03-14T07:36:07","slug":"ways-to-make-higher-education-more-affordable","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/425739","title":{"rendered":"Ways to Make Higher Education More Affordable"},"content":{"rendered":"<div>On 01.29.10 11:30 AM posted by <\/p>\n<p>President Obama has proposed a new plan to cap student loan payments at 10 percent of the borrower&#8217;s discretionary income. Borrowers with incomes below 150 percent of the federal <a href=\"http:\/\/www.szone.us\/Issues\/Welfare\/Poverty-and-Inequality\" ><font color=\"#000080\">poverty<\/font><\/a> line (or approximately $33,000) would be required to make no payment, and the balance of a borrower&#8217;s loan would be forgiven after 20 years for a private-sector worker and 10 years for a government employee. <br \/>\nSince college borrowers willingly take out loans in order to obtain a college degree, it is unclear why the federal government would choose to reduce their payments. This proposal would further shift the burden of paying for postsecondary <a href=\"http:\/\/www.szone.us\/Issues\/Education\" ><font color=\"#000080\">education<\/font><\/a> from the student or borrower&#8212;the person who directly benefits from the college degree&#8212;onto taxpayers. In 2005, the Census Bureau reported that the annual earning of a worker with a college degree is roughly double the yearly income of a person who only earns a high school degree. The majority of American adults do not have college degrees. Shifting the burden of student loan repayments from college graduates onto taxpayers, many of whom did not attend college, raises serious questions about equity.<\/p>\n<p><b>Increasing Subsidies, Increasing College Costs<\/b> <\/p>\n<p><a href=\"http:\/\/www.heritage.org\/Research\/Reports\/2010\/01\/Ways-to-Make-Higher-Education-More-Affordable\" >http:\/\/www.heritage.org\/Research\/Rep&#8230;ore-Affordable<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 01.29.10 11:30 AM posted by President Obama has proposed a new plan to cap student loan payments at 10 percent of the borrower&#8217;s discretionary income. Borrowers with incomes below 150 percent of the federal poverty line (or approximately $33,000) would be required to make no payment, and the balance of a borrower&#8217;s loan would [&hellip;]<\/p>\n","protected":false},"author":4299,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-425739","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/425739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4299"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=425739"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/425739\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=425739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=425739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=425739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}