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Every dollar of college grant money raises tuitions by 35 cents

To The Daily Sun,

Professors, academics and Democrats never stop screaming for more billions in aid for education from the federal government and the states. The money, they say, will make education cost less. That well oiled, liberal illusion, has finally been uncovered with some facts and data. Let's be clear, this is not information from Fox News. These findings come directly from the Federal Reserve Bank Of New York in a recently released report.

Loan originations (requests to borrow money for college) have more than doubled since 2001— to $120 billion in 2012. The banks research was quite specific. It wanted to know if the broad expansion of federal aid programs fueled the explosion in education and tuition hikes in past years. There has always been heated debate about that question dating back to 1987 when then education secretary, William Bennett, said that all more aid did was "enable colleges and universities to blithely raise their tuitions, confident federal loans would cushion the increases." The Fed researchers studied the period between 2006 and 2008 when per pupil aid limits were bumped up. Sure enough, students took out billions more in new loans.

Richard Vedder saw this trend 10 years ago, estimating then every dollar of grant aid raised tuitions 35 cents. The New York Federal Reserve Bank study reveals for every new dollar in aid schools receive from direct subsided loans raises tuitions 65 cents. For every dollar in Pell Grant money, it raises tuition 55 cents. The endless billions in federal aid (forgetting the hundreds of millions in state aid) has served only as a slush fund to increase tuition fees well above inflation every year for the past quarter century.

Students now leave college with debilitating debt averaging close to $30,000, while student loan defaults skyrocket nationwide. Worse, taxpayers are on the hook for 90 percent of every dollar of loan money. Student debt today exceeds $1.2 trillion. A massive sum of money sure to dilute the living standards for tens of millions of main street Americans for decades to come.

Nothing has harmed students more than the politically motivated freight train of federal and state aid money allegedly intended to help students finance an education. Hundreds of billions in aid has actually increased student debt, not reduced it. The sad truth is federal and state aid to education has been nothing but a wealth transfer from taxpayers to colleges and universities across the country.

The only way to make a college education cost less is to make college much more efficient while improving quality that currently lags many of our primary global competitors. That means putting out a far better product, at far less cost. There is no escaping what is blatantly obvious to every one except those employed by colleges. Reforms are not optional, they are mandatory. College tuitions will not fall until far less labor content and administrative content are inculcated into every college graduate.

The solution to lower tuitions is not rocket science in any way. In fact, the correct path is quite clear. Colleges simply have to become far more productive — like so many other professions and business endeavors have become. Thus far colleges and universities have refused every demand to become so. The unions that run colleges are simply opposed outright to higher efficiency, because it almost surely means less manpower which reduces labor content per graduate. That's how we get the costs down.

The debate is not about the correctness of the solution, the debate is over its popularity. With unions, and even administrators that is zero, no matter that position is bankrupting our children with $1.2 trillion in debt.

If the middle class is really the first concern of the Democratic Party, then why does it keep supporting the continual demands of unionized professors for never-ending wage increases, benefit hikes, and in many cases less work output that has underpinned the doubling of college costs over the past 15 years? The answer is, Democrats only care for the middle class after the union employees who support them like blind mice, have gorged taxpayers and tuition payers to their fill.

Tony Boutin
Gilford

Last Updated on Thursday, 23 July 2015 09:58

Hits: 53

Actions of anonymous rescuers changed our lives for the better

To The Daily Sun,

I would like to take a moment to express deepest gratitude to the anonymous men and women who assisted in the rescue of our son and his two friends from their capsized canoe on Lake Opechee on the evening of Tuesday, July 21.

These extraordinarily lucky young men now have the rest of their lives to look forward to simply due to their rescuers generosity and care for other human beings. The outcome of the other evening could have been so much worse.

We have made sure our young adults have learned from their mistake and, rest assured, they will take safety more seriously. We only hope they have the opportunity to assist someone else in the future in the same way you, anonymous rescuers, have done for them. Your actions have truly changed our lives for the better.

Carrie Chapman

Laconia

Last Updated on Thursday, 23 July 2015 09:54

Hits: 138

Politicians had better note growing dissatisfaction in heartland

To The Daily Sun,

Monday morning I read an interesting article in the middle of the paper (not The Sun), below the fold. According to this story a sheriff, David Clark Jr., used Twitter to say the reason President Obama responded to the killings of our military people in Tennessee "with what amounted to a shrug" was because none of the victims looked like Trayvon Martin. I wonder how many other people have come to that conclusion, but have refrained from voicing the thought publicly?

Well I can't blame those who think that, after all the president rushed to judgment to defend black "victims", but he just doesn't seem to care when a young white woman is gunned down by an illegal immigrant, felon back after five deportations. Nor does he have care to call the massacre of four unarmed Marines and a sailor what it was, an act of terrorism by a Muslim terrorist. Clearly that is because both of these murderous attacks can be traced right back to Obama's policy decisions.

He refuses to allow the enforcement of our immigration laws as he swore to do when taking the oath of office, not once but twice. He refuses to admit that radical Islam is at war with our nation and our people and decides to follow the political correct mantra rather then being the leader this nation so desperately needs.

Liberal Democrats are confused and astounded that their efforts to destroy Donald Trump's candidacy have failed and in fact "the Donald" is garnering much unexpected support just baffles them. I confess I to was surprised, but have come to understand that Trump is giving voice to the millions of just regular folks who sick and tired of the liberal elites violation of our laws and common sense. The Marxist socialists like Obama and Hillary lie, cheat and do and say anything to get power and with power are determined to transform our Republic into a communist, socialist state with them and their kind installed as perpetual rulers with all the wealth and privilege that comes with it. The rest of the people be damned as useful idiots or serfs necessary to serve the ruling elites.

But resentment is building, the more people experience of failures and folly, lies and deceit the less they trust these "progressives" and support continues to grow for Trump. Whether or not the movement will grow into a game-changing force or not, politicians had better take account of the growing dissatisfaction and anger in our heart lands. Failure to understand and respond appropriately may spell disaster for many seeking election for one position or another.

Steve Earle

Hill

Last Updated on Thursday, 23 July 2015 09:44

Hits: 64

Well worth 2 hours of your time to watch 'Humanity from Space'

To The Daily Sun,

In the long history of life on earth, the challenges to a species other than a natural disaster is and has been that of the fittest surviving. Whether that be surviving daily challenges or long-term changes in nature both of which go hand in hand. Since the advent of modern humans it has become more difficult as certain populations unable to control themselves have overrun and seriously depopulated many species.

I remember in the teachings of Christ it was spoken that the meek will inherit the earth, I never really understood that until I realized that being a shepherd and the nature of sheep that that would be a reasonable view.

Perhaps with such huge populations — 7 billion plus and 9 or 12 billion coming soon to cover the planet, with no room left even for war — the aggressive will be in such a small minority they won't matter. The work to build land armies and navies already has become unaffordable for most nations, leaving such as ISIS to run amok in desert lands and eventually become a spotty nuisance elsewhere. There are many scenarios and none may matter at all in the end.

But that all is just one window looked out of. This video is two hours long — view it — a reality has been in the works in plain sight yet seen only by a few. I myself never realized it was all so huge and in place.
Armies are not needed to control a population any longer and nearly the whole population of earth have been tuned in. In Africa people learned by themselves to use a cellphone to sell the crops and to charge their batteries (no government agency needed to pick the pockets of the haves to spend teaching the have-nots to use a simple cellphone to better their lives). People absorbing a technology which itself absorbs them. Fields of sheep have grown to nations and continents.

Invite the family, friends, the children; hard nose with certainty of your politics or religious — take 2 hours and watch. Humanity from Space — http://video.pbs.org/video/2365530573/

G.W. Brooks
Meredith

Last Updated on Thursday, 23 July 2015 09:35

Hits: 49

How dare your reporter provide description of undercover car

To The Daily Sun,

I am writing to express my concern about the article that appeared in The Daily Sun on July 17 regarding the police search of a store on Main Street in Laconia.

I am the proud father of a police officer in New Hampshire and have the greatest respect and admiration for what my son does in the line of duty. I worry for the danger he and his fellow officers face every day as a matter of routine.

These officers are out there trying to protect our communities in an environment where much of what they do is analyzed for political correctness by the media. They often fight against a judicial system that stacks every advantage to the suspect. It is sad to say that they are not always fighting a winning battle and are not always appreciated for it.

This newspaper article focused on the fact the search left the property in some level of disarray, with merchandise being strewn around. I might argue the necessity of that in favor of the police methods, after all, would what they were searching for be left out in plain sight? I think not.

What really alarmed me about this article and transgressed beyond my imagination was the fact that the reporter ran the license plate of the undercover officer's — as well as provided a detailed description of the vehicle — and published the results in the article. HOW DARE YOU! These officers have dangerous jobs and are often placed in harm's way. they are placed undercover for a reason — to protect themselves and their families. With all the drug problems and deaths in our communities, why would you do anything to make the officer's job more difficult? To offer this information was irresponsible and did nothing to serve our community or the efforts of law enforcement to continue fighting a drug epidemic that is killing our kids and neighbors. The reporter, who had someone run the license plate, did so illegally and the information added nothing to the article and could very well have placed law enforcement personnel and their families in serious danger. That vehicle may very well be sitting in some officer's driveway.

A good journalistic reporter should attempt to get more of the facts before they decide to print an article that puts people's lives in danger and makes it appear that they are more concerned with printing an article that gets attention but does nothing to serve either the truth or our community.

John Smith

Belmont

Last Updated on Thursday, 23 July 2015 09:30

Hits: 229

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