Why do we keep making stupid people famous? I shudder to think that this woman might one day run for some kind of public office.
On another note, does anyone know where Mailbox gets the wallpapers that I see a glimpse of in that mail icon? They always look like gorgeous landscapes, might want to use them myself if I could save them or download them from somewhere else.
Whoever brought this legislation up for a vote should be voted out of office.
Actually, this doesn't sound like Rubio's worst idea (gasp!). There are a lot of questions I have, but depending on the answers, this might be a good plan.
Just to throw a few out there:
1. What are the consequences when a student isn't able to pay back the "investment" because they can't find work? With a loan, you go into default and your credit takes a hit and eventually you hit bankruptcy or something else. But would the same rules apply for this program?
2. Let's say an investor pays for a student to go to college and major in engineering. Two years in, the kid changes their major to education. Does the investment still stand? What little info we've gotten from Rubio suggests that investors will pay for a student to go to college and major in a certain field, but I don't know if he realizes how often students change their majors while in college.
3. Exactly how long does the student have to pay a percentage of their income to the investor? Is it until the entire balance of their tuition is paid back, in the same way repayment of a loan is done?
4. What about interest? Will you set interest rates on this kind of thing at all? And if you do, will they be separate from student loan interest rates?
5. Where the hell are you going to get that many investors? You're talking about millions of college students every year, and billions of dollars in investment. This won't be a small feat.
6. Who is going to qualify for this kind of program? Will it be need-based or merit-based? And how many students do you think will benefit from this, as opposed to just taking out loans to pay for their education?
7. Just as a sort of "poke the bear" point, it's great that you're looking at new ways to help students avoid debt, but this isn't going to help the millions of students whose loan debt has exceeded credit card debt in this country. What's your plan there, Sherlock?
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