Wintery Knight

…integrating Christian faith and knowledge in the public square

Unemployed college graduate ran up $90,000 of debt while studying English

Occupy Wall Street vs Tea Party

Occupy Wall Street vs Tea Party

And do you think he is out looking for jobs with his English degree? NO!

The L.A. Times explains. (H/T Dennis Prager)

Excerpt:

For almost a week, Nate Grant has sat cross-legged on a wall at the Occupy Wall Street encampment, holding a cardboard sign that bears his scrawled grievance: “Students Ought Not Be a Means of Profit.”

[...]It doesn’t take long before any conversation in the strikingly youthful crowd in Lower Manhattan turns to the loans many of the twenty-somethings have racked up. It’s not a central theme, like corporate greed and unemployment, but rather a subtext to all the chanting and marching.

Grant left Ithaca College in upstate New York in May with a degree in English and $90,000 in private and federal loans.

An honor student in high school, he could have had a “free ride” if he had gone to a public university in his home state. But he loaded up on student loans so he could enroll in Ithaca’s communications program to study film directing. Within a year, Grant became disenchanted with the program and switched his major.

Unable to find a good job that pays a decent wage using his degree, Grant decided this summer to join the military, hoping to take advantage of a student loan repayment program that could shave $60,000 off his debt.

“I just felt I had to do something to get this monkey off my back,” he said.

Since graduation Grant has been living with his parents in Little Egg Harbor, N.J., and doing odd jobs.

Oh, I hope this turnip doesn’t join the military. Although it would be good for him to get yelled at. It might help him to get his head out of his ass.

The entire student loan system should be privatized so that students who want to study subjects that are highly politicized cannot pay for it with anyone else’s money.

The use of taxpayer funds for college education has to be changed BEFORE the students can run up tens of thousands in debt. Loans should only be granted by corporations to students who are studying math, science, technology and engineering. It’s so easy for the government to hand out taxpayer money for degrees that are more about indoctrination than they are about producing a return on the investment. But it would be a lot less likely to happen if the person doing the lending actually expected to get the money back. We need to grow up as a society. There is no free lunch, somebody has to pay.

UPDATE: My bad, it looks as if some of the Occupy Wall Street protesters are being paid after all. Maybe he is one.

Excerpt:

The former New York office for ACORN, the disbanded community activist group, is playing a key role in the self-proclaimed “leaderless” Occupy Wall Street movement, organizing “guerrilla” protest events and hiring door-to-door canvassers to collect money under the banner of various causes while spending it on protest-related activities, sources tell FoxNews.com.

The former director of New York ACORN, Jon Kest, and his top aides are now busy working at protest events for New York Communities for Change (NYCC). That organization was created in late 2009 when some ACORN offices disbanded and reorganized under new names after undercover video exposes prompted Congress to cut off federal funds.

NYCC’s connection to ACORN isn’t a tenuous one: It works from the former ACORN offices in Brooklyn, uses old ACORN office stationery, employs much of the old ACORN staff and, according to several sources, engages in some of the old organization’s controversial techniques to raise money, interest and awareness for the protests.

Sources said NYCC has hired about 100 former ACORN-affiliated staff members from other cities – paying some of them $100 a day – to attend and support Occupy Wall Street. Dozens of New York homeless people recruited from shelters are also being paid to support the protests, at the rate of $10 an hour, the sources said.

At least some of those hired are being used as door-to-door canvassers to collect money that’s used to support the protests.

Sources said cash donations collected by NYCC on behalf of some unions and various causes are being pooled and spent on Occupy Wall Street. The money is used to buy supplies, pay staff and cover travel expenses for the ex-ACORN members brought to New York for the protests.

In one such case, sources said, NYCC staff members collected cash donations for what they were told was a United Federation of Teachers fundraising drive, but the money was diverted to the protests.

Sources who participated in the teachers union campaign said NYCC supervisors gave them the addresses of union members and told them to go knock on their doors and ask for contributions—and did not mention that the money would go toward Occupy Wall Street expenses. One source said the campaign raked in about $5,000.

I should have known that this was not so much grass roots as astroturf.

Filed under: News, , , , , , , , , , , , ,

9 Responses

  1. I’m not a fan of either movement, but it would be great if you could source the above graph concerning OWS vs TP.

  2. SLIMJIM says:

    I think people in America really need to rethink the relationship between college, debt, education, trade skills and jobs. Sometimes I wonder about the wisdom of sending off newly minted high school graduates straight to four year schools (especially the expensive ones!), with little understanding of money and all the above facets I mentioned. When I was in undergraduate, I was always amazed at my fellow students view of money. In some ways, I did exactly opposite of this guy who has 90,000 dollars loan…as someone who grew up in a poor household, I joined the Marines reserve first (not for college, but to serve my country, priorities are important), then I saved my money from my time in the marines and tax free dollars serving in Iraq, went to a community college while working odd hours (graveyard shift at times), transferred to UCLA, wrote essays for scholarship funds (they are out there, writing is easier than hard labor!), and while the pre-9/11 GI Bill for reservists did not cover all my tuitition, I had to take out loans but I made sure each year that the loan amount requested was lower than what the school projected I need (those guys overcompenstate, if you live on survival mode and grow in Godliness in your desires and contentment, you can still be happy!). I graduated with less debt than my class mates, even compared to those in my Marine Corps unit that finished school…even in Grad school I manage to set aside money each month to pay that loan and you be surprise that by the time it’s time to make monthly payment for your loans loans, these little efforts has made a huge dent that I finished paying off the debt in less than three months (paying above and beyond the minimum of course). I feel if someone has the right view of money and the economy, and a Christian worldview towards concerning surrounding issues (for example, fiscal responsibility), one can be a good steward of their money and time.

  3. As the spouse of someone who graduated from an American university, I am thankful for the partial subsidization that our schools receive. Student loan payments will hurt us for years to come. I would never send my kids to an American school unless they were receiving a generous scholarship(s).

    • So you think that people who choose not to go to college, get jobs as plumbers and electricians and work all their lives should have to pay taxes to subsidize students who do go to college and study English and then run up $90,000 in student loans and then become anti-American protesters?

      • SLIMJIM says:

        Sounds like the unions for plumbers, electricians and stage hands should occupy colleges!

        • First of all, many plumbers and electricians go to college to earn their certifications. Secondly, many are not unionized (probably not a bad thing). And thirdly, to answer your sort of question, yes I do believe in partial subsidization. Where individual students go and how much debt they accumulate (which is their own debt to pay back) is their own responsibility/decision. And I say that as someone who chose to go to a private, Christian university that receivced no government money.

          • SLIMJIM says:

            Hey Ryan,
            If you have the time, and only if you do since I’m sure you are a busy man practicing law, it would be great if you could source the above claim that plumbers and electricians go to college to earn their certifications, or that *many* of them do.

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