Sallie Mae- Student Loan GSE
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Sallie Mae- Student Loan GSE

Riddle- How do you get more people into college when not all of them should be there? Unfortunately, that is the state of education in America. You need a degree to get a “real” job, which means that a lot of people who shouldn’t be in college actually end up there- and Sallie Mae (Student Loan GSE facility) is happy to loan them the money. After graduation, you get a job and can spend the next two decades paying it off. But wait a second- who says you get a job right away out of college (current dilemma)? Why should everyone have to go to college to get a “real” job? And why are our colleges taking anyone with a checkbook into higher education?
Sallie Mae was created long ago to make school affordable to more people. Now, higher learning takes more money than to buy a starter house. Because of that, two issues arise. First, doesn’t it kind of defeat the purpose to get an education when you spend a huge chunk of your life under the burden of paying it off? Secondly, WHY does it cost so much to get an education to begin with? The answer to that is funny- because so much demand is there. What? Yes- you got it. IF less people actually went to college, the lack of demand would force schools to charge less to increase enrollment. So the very lunacy of having to have a degree to get a job is propping up the price of higher learning and making people go who shouldn’t even qualify academically.
I am not of the opinion that every child should go to college. I do agree that every kid should pick a path forward in life. That doesn’t mean ALL kids should go to college. It means each case is different, both for the child and the needs of society going forward.
 
 
Idea-   What about raising the value of trade schools or entrepreneurship? Whatever happened to apprenticeships? What about increasing the breadth of military recruiting to increase the talent of all branches and give young adults a time to settle out on what they want from life (none of us truly knew at 18 years old what we wanted to do for the rest of our life)?
 
 
 

2 Comments to Sallie Mae- Student Loan GSE:

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