tv Washington Journal Open Phones Pt. 1 CSPAN May 26, 2018 3:19pm-4:18pm EDT
new york gubernatorial candidate cynthia nixon, washington post publisher fred ryan, and the chair of the national transportation safety board. that begins tonight at 8:00 eastern on c-span. 's washington journal, we look at the value of a college education, the impact of student loans and heard from viewers about the impact of their experiences. today's wall street journal has a story about student loan debt to the extreme, one student and incurring $1 million of student loan debt. the 37-year-old orthodontist made a big investment and his education. as of thursday he owed more than $1 million in student loans. month, that00 per
she gets paid $16 per month, not enough to cover the interest of his debt for seven years, it grows by $130 per day. in two decades, his loan balance will be $2 million. he and his wife have become numb to the barton, focusing instead on raising their two daughters. said if you thought about it every day you would have a mental breakdown. today we are talking about the high cost of student loan debt and loan payments, and student loan default. devos faced atc a hearing tuesday, under questioning from georgia congressman drew ferguson. >> wise it important for the department to change the way borrowers repay their loans. secretary devos: thank you, congressman, that is a very good
question. i commend the committee for the steps taken by the committee in the passage of the prosper act that seeks to simplify the ability of students to pay off their loans. it has become a confusing navigation for so many students and i have talked to a number of them myself, who are highly educated and yet have a problem trying to figure out what is owed where and to whom. i commend the steps taken in here and hope this provision continues to gain steam. we need students to simply pay off their loans and obligations. member: according to an annual report the percentage of student borrowers in default or bankruptcy has increased from 15%.13% to now, over to put this into real terms, the volume of loans in default or
other distressed status has grown to more than $36 billion. that is a very, very high number. millions of borrowers need help getting out of default. i'm concerned the department is not strategically planning for current and future needs of the borrowers. can you talk about which performance metrics you are using to measure contractor performance and talk about how your team is working to ensure that these contractors have the resources they need to meet these demands? anretary devos: this is important issue going forward, as part of our plan to modernize student aid and that whole experience. the states we are moving -- the state we are moving toward is really going to provide students a whole lot more information up front. it will ultimately give them a and a suggestion
that they begin addressing and paying off their loans more at a time perhaps when they are still students at a low level. and it will continue to engage with them at an earlier stage. today i think students have to be in default much too long. we will betend and moving toward a much more consistent and regular engagement. a little more from "the wall street journal" as it details the situation that has led or students to go into default because of the high debt burden. due to escalating tuition and easy credit, the u.s. has 101 who owe at least $1 million in federal student loans. five years ago, 14 people owed
that much. it says that while a typical student borrower owes $17,000, the number below at least $100,000 has risen to around 2.5 million, near than -- nearly 6% of the borrowing pool, education department data show. we are talking about college. is it worth the debt? if you have under $50,000, call this number. 51,000 to $100,000 in student loan numbers, call this number. $100,000, call this number. callo student debt at all, this number. robert is on the line from hazard, kentucky. robert, you are debt free. tell us what you did. worked what i did is, i for a living and i never had to
get into student debt. this falls into what trump is china and everything. why put all this pressure on our students to pay back so quickly, when everything we buy here is in china, china, china. let's get these students that are in student debt jobs in factories and everything, and buy in the united states, usa made. this to me falls into what donald trump is doing. why is the united states against our students? i would imagine if it was other students from other students in this country, we wouldn't even be questioning them and they would be getting free college altogether. thinkare you saying you more people out of high school should just go into the workforce and not go to college at all? caller: no, that is not what i'm
saying at all. there should be some students that go into the workforce, but there should be a lot of students out of high school that go into the military. this country is a great country. i think we have one of the greatest presidents going on right now. to me, just leave the students alone. let's get china out of this country and let's get everything made in the usa again. we are totally donald trump supporters here in hazard. thank you for taking my call. let's leave these students alone and give them a chance. they will pay it back. calling from's auburn, new york. he has under $50,000 in student loan debt. do you think college is worth it? my case, no, and good morning. happy memorial day weekend. i went to the art institute of pittsburgh in 1978.
i dropped but i graduated in 1985, after four years in the military. i used my g.i. bill. this was a trade school at the time. now you would call this school, the art institute, a for-profit college. ir for profitability was based on fraud. the u.s. department of justice sued them for $11 billion, and they settled. this caused the art institute to declare bankruptcy. their parent corporation owns nearly 100 for-profit colleges in the united states, and i believe they are a leech on society. and the degree wasn't worth the paper it was printed on. list four dean's times.
no one cares, it's ridiculous. trying to get these bills discharged, i paid $200 per month and that is a lot for me. i only grossed $17,000 lester. host: are your loans federal loans or private loans? they arees, federally-insured student loans and i have been banged them back. i own 30,000-something dollars and the interest is the only thing i am paying. i'm paying interest and legal fees, and it doesn't even touch the principal. the principle that il, because i had paid up until me and my girlfriend had a child, and i child support, i couldn't pay student loans and support on my income, so i defaulted. i was defaulted until she turned 21. this put me $30,000 in debt on a
$6,000 principal and i still debtsget these discharged. even though they emitted to fraud, and they have a class-action suit with tens of thousands of students who are also victims of fraud, i can't get this loan discharged. i have got the application in and it has been sitting on devos 's desk for well over a year. i have contacted my senators, kirsten gillibrand has been helping me. my congressman ted poe does nothing for me. host: i appreciate you sharing your story. cnbc reports on that survey we mentioned earlier, about 39% of students are considering dropping out to avoid incurring saying the burden of paying back hefty loans is becoming too much for some college students to bear. a recent study of 30 -- a 3000
students said $.39 considered dropping out of school before graduation to avoid taking on more debt. of those who would consider dropping out, more than half already owe $20,000 or more. between $10,000 and 19,009 hundred $99. however, the magnitude of the debt isn't the main reason students consider giving up. more than half say they consider dropping out because it is difficult to balance school with a job. they struggle to balance school and family time. william is on the line. you both under $50,000. william, his college working for you -- is college worth it for you? >> i have the same problem. the interest is so high, what it was doing when i got a job, i was paying $280 per month, and i
was working two jobs because one job would not pay for my life and my kids back home. so i got another job, and i was trying to pay $180 on interest, .ecause they charge you 6% and 6% is for one day, and you apply -- and you multiply by 30 days. so i'll had $100 going to my principal, and now i don't have a job so i quit paying. what they will do to me when i get a job, i don't know. and school is not worth it. i tried to go to school and i did two years. why the government gives you
, and that's how the loans keep adding up. calling from buffalo, new york, and also has under $50,000 in debt. joe was college worth it? caller: good morning. worthot sure college was it. i'm on social security disability. i got injured on the job. it took a year and a half, but they relieved my $20,000 in debt . my wife'sit is shot, credit is shot. to relieve a student loan, do you know what it would do for the economy? talk about starting up the economy. one last thing, i don't know where you went to college, but
if i talk like you talk the whole program it would drive me crazy. host: according to "the wall street journal" it breaks down some of the priciest professions according to student-loan investment. the top would be dentistry, just like the person featured in the story, who had $1 million in student-loan debt, followed by law, medicine, optometry, osteopathic medicine, pharmacy, a diet tree, and veterinary medicine. the most extensive degrees in the united states right now, and we are talking about student loan debt and asking if college is worth it. inyou have under $50,000 student loans, 202-7 48-8000. between $51,000 and $100,000, 8001.784-
02-74-8002.0, two and if you have no student 74-8003.02- actadam secretary, the provides for $15 billion cut in student aid. is that correct? secretary devos. i have heard that opined. i'm not sure i agree with that. congress member: do have another number? devos: do you have another number it is an approach -- it is an approach to giving students. congressperson: do you have another number? secretary devos: i have heard
that opined, but i'm not sure i agree with that. congressperson: the process of fulfilling loan forgiveness requirements, how long has the department known about that? secretary devos: are you speaking of the teacher grant program? congressperson yes -- congressperson: yes. : we have taken steps to fix it. we expectrson: can the same debacle in a few years when students complete 10 years of loan forgiveness? secretary devos: we are committed towe are fulfilling the requirements and the arrangements of loans under the public service loan forgiveness agreement. from durham, north carolina, is on the line with less than $50,000 in student loan debt. good morning. i see that you guys are
having betsy devos and i am calling about the student loans. host: go ahead. i am under $50,000. was 25 hundredt dollars. it is up to $10,000 now. and like they were saying, the interest on it was just way too much. when you're working a job in doing anything positive, that interest, people first told me it was forgiven and then i got a call from the bank in minneapolis, minnesota, and they said was forgiven. and then when he did my taxes they told me by the end of the year if i didn't
start paying the interest off on it, it was up to $13,000. you ares a problem when basically taking care of your own living situation and living needs, and the interest goes up higher. host: what did you study in school? >> i took up production management. they said it was forgiven and it was taken care of. but then when i did my taxes, as my instantg, i got refund but the federal government came back and took my federal refund. i'm just in the process of trying to do the right thing. yes, we do need college, we need an education, but at the end of the day just hang it off and paying the debt takes you all your life, or half of your life, it is rough. that is why some students feel like paying off the debt is such a hard thing to do. calling from is
north carolina. said your name correctly. you say that you have or than $100,000 in student loan debt. than $100,000 in student loan debt. i am a nurse practitioner. is publicone concern service loan forgiveness program that betsy devos was just talking about. you join the program for 10 years, however it is not being guaranteed. for 10ould end up paying still not be would forgiven at the end of the 10 years. and i wish that the secretary because something, maybe more people would enter public service.
host: do you think your education was worth it at this point? would you consider a different path he had to do it over again? mother.well, i am a i believe that education is always worth it. i think that education is definitely always worth it. i feel like, for democracy's sake and for being a good mother, you need to be educated. i think that in the u.s. we need to have a better system, we definitely need to have a better system. according to liberty street economics, it broke down who is more likely to default on student loans. considers whether default rates differ by college type, how dropouts compared to
and is thatduates, relationship very by degree thatams are other relationship very by degree programs are other factors? it says that students who attended private, for-profit institutions have the highest default rate after their mid-20's, in contrast with four-year, private, not-four-profit students have the lowest default rate. for every college type, two-year students had higher default rates than ford-your students. a lot of people are calling in about private, four-profit institutions. elaine is calling from pine bush, new york. you have under $50,000 in debt. in lane, is college worth it for is college worth it for you? absolutely college is
worth it. i have received a phd, and each degree i have earned exponentially more than i did previously. and also, a professor once told me that the higher degree, the more that you're hurt. and i do believe that that is true. student debt and both my husband and i are paying our children's' student debt, each of which is $37,000. and because i am making exponentially more, i'm able to afford that. do i believe that the system is faulty and should be repaired? yes. state, whererk undergraduates can receive their degree free, if your earnings are less than a certain amount. i can quote what that is. host: you said your education increased your earning power. what field are you in? right now i am in
research and education. i work at an institute in new york city. i also worked part-time as an adjunct professor at a local college, and to me it is worth it. i think it is important for students, and i tell all my for loanis that look forgiveness programs, there are plenty, especially in the helping professions. government, and also indian reservations, if you go to the national health service, you can find jobs to repay. i know a physician right now that is paying her student loans working in alaska. i know that is pretty radical-sounding, but there are national health services in every state. usually, if you work in underserved areas with vulnerable populations, if you are willing to do that you can actually get loan forgiveness. therapist, apeech
support person at work, who was really lamenting about her student loans. said, put speech therapy and a loan forgiveness programs, and now she is working in a loan forgiveness program and not having to pay her student loans back. so i think part of it is knowing how to negotiate the system. john is calling from acheron, ohio. you don't have any student debt .. you think college is worth it these days? caller: no, i don't. is,the reason i called we have our priorities a little next up. in our last budget, we gave $12 million in scholarships to the nation of libya, lebanon. there was $10 million for disadvantaged egyptian students, and another $20 million for just middle east scholarships.
i didn't see anything in that budget that said how much american students were given for scholarships. i think we have our priorities a little mixed up in this country. thank you for taking my call. host: and according to the 's economicerve bank research, an it breaks down unemployment rates of people who have a bachelors are over ther and age of 25. ked unemployment rate e just before the economic turn down to just over 5%. but as of april 2018, it is back down to 1.9%. -- 1.9% unemployment rate for college graduates.
it has been cyclical but the unemployment rate for college graduates is still significantly lower than the national average. marcy is calling from florida. marcy, you don't have any student loans, how did you accomplish that? >> i am older, and i paid them off years ago. as a phd and college professor, i have to think of what to do for my own child because of all the costs. so we planned early and we went into a savings account, and she got scholarships. and between that, she is finishing her bachelors with no loans. i think the parents and families really have to plan for these, and sacrifice. to be was a sacrifice, able to make this happen in an equitable way. and the other thing, and you are hearing this from a lot of your callers, is these for-profit areeges versus -- colleges
really serious ripoffs. people need to be warned and need to be protected of this. this is something that our current apartment of education is not doing. marcy, you are talking about planning with your own children about their education, and talking about debt. does that discussion include what fields they ought to into?er going caller: actually, now. i want -- actually, no. into? i want my daughter to do what she really, really loves and not worry about loan payments that might later limit her choice of jobs. so she's probably going to go into working in the nonprofit area, things that don't pay a lot of money to begin with, but without having those college loans hanging over her head, she has that option. host: michael is calling from dallas. you also are student loan debt free. michael, do you think college is
worth it? caller: yes, ma'am, i do think college is worth it. i think the question we should be asking, is that it shouldn't be about worth. it shouldn't be about money. people shouldn't be barred from obtaining a college degree because of money. i am majoring in criminal justice and him trying to become a criminal defense attorney. that's my dream, to become alloy. and i learned in criminal justice a theory that if people commit a crime, the theories directed toward the lower class, and the theory is that we live in the same culture, which is a material culture, and we all want material success. but legitimate means and legitimate opportunities to access that success is not equally distributed. so how we equally distribute that success is by trying to fund, which is what they're doing with pell grant, getting pell grants to make that success easily accessible to the lower
class and the lower middle class. the only way to legitimately access material success is either run education -- either joining theion, military, starting a business, but you have to have capital, with the main focus is education. that is the key to success. if you look to a college degree to make the amount of money to achieve that material wealth, you have to have a college degree. support ay i totally college education. it should not be about money. that is the whole problem, is that it is all about money. chart about have a how people pay for that cost of higher education, from the college board. it tracks the total undergraduate and graduate student aid by source and type.
the overwhelming largest student loan sources are federal loans at 32%. for graduate students, federal loans, at 63% in terms of sources. other sources include institutional grants, federal help grants -- federal pell grants, veterans and military grants, and private employer with the majority of students paying for their higher education with federal student loans. is calling from campbell hall, new york, and you have more than $100,000 in debt. charles, is it worth it for you? caller: i believe that education is always worthwhile. of education is certainly a concern. i have two graduate degrees. i did so because i have five children and a wife i am trying to support.
i think the cost of pursuing that education, the majority of my student loans came earlier in the undergrad with my first masters. the second masters, i took more that secondsue masters without as much cost to me. the problem that we face is, because i'm trying to better myself, if you're trying to better yourself your payment is based on what you are making. so if i work harder in order to provide better from a family, i and up having to pay more for my student loans, and i never seem to get out from under them because of the interest. so maintaining a mortgage, all these different things that are the end goal of pursuing higher education and doing better, they are dividing you on the backside because we can't ever seem to get ahead of it. than did you take out more 100,000 dollars, or did you reach that amount by the interest growing over the years? caller: the interest growing over the years.
the interest growing over the years. a plan todo you have reverse the growth in that student debt? caller: i pay very close attention to the interest itself. ,ecause i am a military member i am ensuring that i'm at least paying my interest on a regular basis. status, thatve allows me. educationnflict of becoming a for-profit concept in this country, when we look at , where we were going was trying to have a more informed citizenry. and we seem to have shifted from that to where we are really just about the money and the profit.
and we are the only country young people up for failure when they get that degree in dose of much money. it really doesn't count anymore. host: "the new york times" reports president trump has and isd federal workers curbing protections, seizing on the longtime ambition of many republicans, on friday he overhauled rules affecting at least 2 million federal workers, making it easier to fire them and rolling back the workplace role of their unions. mr. trump, furthering a goal cited in his state of the union address this year, signed a ordersof executive affecting disciplinary procedures and contract orders negotiations. unions representing government workers were quick to denounce the actions. this is more than unionbusting,
busting,emocracy according to the largest employees union in a statement. we are talking about student loans, the cost of college and whether it is worth it. d is calling from springfield, new jersey. 100,000 more than dollars in student loan debt. good morning. it?er: is college worth i say not if you have to finance is solely through student loans, like i did. i have a bachelors degree and i did not take out $100,000 in student loans. years ago.r the -- a grew over the years. i graduated 16 years ago, and it grew over the years. a second job, anything else i can do to pay it back. what i tell students now, because i'm in the education youd, i would say that if don't try to finance your education through student loans, especially in new jersey.
we had arsey programmer you could go to community college for two years and get that paid off for free, and then transfer to a four-year school in new jersey and get that pay. you could join the air national guard or the army national guard and they will pay 100 percent up to 15 credits, so that is basically cash. home,u can commute from or just wait and go to a military work area and get a job .here but don't try to finance your education through student loans, because it is almost setting yourself up for failure. do you think it is part of the responsibility of schools to advise their students of the different ways? school it was almost assumed the would take out a student loan to finance your education. you think schools should talk to students more about different options? caller: of course, they should, they should talk to them and
they should be different counselors at schools. if they know students are coming from a background where they might be the first to go to college and they didn't get a scholarship and they have to finance at your student loans, they should steer them in different ways. because, 18 years old, taking cometudent loans, that can , for five years after you graduate college, that can become a mortgage. and you are not really getting a job and you won't have the money to pay that back. so they should definitely, definitely advise them about different options, vocational school, the military, community college. just don't put the burden on a student right now, because a 17-year-old, 18-year-old, they can't think like that. host: from that house education and workforce committee hearing earlier this week, with education secretary betsy devos, let's look at what she said when
asked whether the u.s. is doing educationpromote all pathways, not just for your colleges. : i think we have opportunity to improve our support for the reality of multiple pathways. for more than a couple of decades, we have sent the subtle or not-so-subtle message that the only way to success in adulthood is through a four-year college or university. and i think that is ill-placed and deal-advised. ill-advised. and i think we will do well to help students get exposed to multiple opportunities at a young age. i would argue middle school is really when we should begin to introduce students to a wide variety of opportunities, and that we should introduce a lot and/or duald-learn in opportunities through the high school years.
and by doing so, and encouraging collaboration and innovation at the community level, around what the opportunities are and what is needed is a direction we have to develop more support to. perspective,deral ensure that we build inflexibility from the federal level to the resources that flow to those kinds of programs. host: we are talking with our viewersensure that we today, asf college is worth it, giving the rising costs and rising levels of student loan debt? if you have under $50,000 in student loans, call this number. between $50,000 and $100,000, 202-748-8003.
8002. a lot of people are talking about for-profit colleges. the seattle times reports the education department is a scaling back the unit investigating fraud at four-profit colleges. that team investigating widespread abuses at for-profit marginalized.een and current former employees, the unwinding of the -- hass stymied effectively kill investigations into possibly fraudulent activities at several large, four-profit colleges where top thes of betsy devos, education secretary, had previously worked. looking into were advertising, recruitment practices and job placement severalt institutions, including devry.
from as barryg park, new jersey. do you think college is worth it -- from asbury park, new jersey. you think college is worth it? caller: no, i don't. this is the problem. since the federal government ns, the giving out load price of college has skyrocketed. once you take out a federal discharge thatt if you find yourself going through hard times. governmentederal gets out of giving federal loans to kids who can't pay back, the price of college will go down. we showed a statistic saying the majority of
students use these federal loans to be able to pay for school. how would they pay for ulls backn granting these loans? caller: i understand what you are saying. i am 63. i never went to college. plenty of people my age went to college and probably had to pay $10,000 a year or $20,000. when the federal government got into the loan business to children just out of high school where $10,000 a year and now it is $30,000 a year. here is the catch. you cannot discharge a student , whenhen the government you other government money. do, you could file
bankruptcy in your debt will be forgiven. bankruptcy on a federal loan for college. host: in some other headlines on the front page of "the washington post," it reports the president shifted on the proposed summit with north korea's kim jong-un. "president trump reopened the door to a high-stakes summit with north korean leader kim jong-un a day after aborting the meeting for what he says were open hostility and nuclear threats from pyongyang. he says it is even possible to meeting could take place on june 12 in singapore as originally planned, although that appeared unlikely. the optimism through a new twist into the already chaotic run-up to what would've been a significant foreign-policy gambit. we are talking to them now, trump told reporters as he left the white house on friday morning.
a very much want to do it. we'd like to do it." "northng to sky news, and south korea leaders embraced at surprise summit." the leaders getting together after president trump sent a letter to kim jong-un calling off the summit earlier this week. carlos calling from rockford, illinois, you have under $50,000 in student debt. was college worth it for you? caller: sometimes i do wonder, honestly. i was always really good at school, so i do not see that i could've done it any other way. sometimes i wonder, because all of the jobs i have ever had, there has always been people sitting right next to me that did not have college degrees. i do wonder sometimes. previously, i did work for a for-profit university, colorado technical university online, so i had that experience.
i also worked for a private company that used to file paperwork for people selling these loan forgiveness programs. i would like to tell people that the loan forgiveness program is free. it comes from the department of education. you do not have to pay for it. now i work for a private collection agency that does student loan debt collection. most people do not realize there these income-based options for people to take advantage of. everybody that is in default right now, they need to rehabilitate their loans so they need to set up voluntary income-based payments. it is a pretty good option for most people. some people that make too much money will have to pay a lot, but for the most part it is a solution for people and they just do not realize. they have their wages garnished or their taxes offset every year. they need to make voluntary,
income-based payments. is calling from st. paul, minnesota, with under $50,000 in loans. good morning. caller: thank you for taking my call. i did a midlife career change and i'm probably doing what i really enjoy doing. i'm a professional pastry chef and i went to cordon bleu in minneapolis. the schools are now closed throughout the united states because they make promises they could not keep. i do believe that post secondary education is worth it, and everyone actually needs it to get a good job. the previous caller was talking about loan forgiveness programs. and i waswo of them scammed out of over $5,000 from these programs. they said the money was going to go towards my loan and it never did. i finally got a call from the department of education and we
got, i got things straightened out. i am in forbearance now because they are investigating the so-called loan forgiveness programs. i really think people need to look into these loan forgiveness programs. most of them are scams. i do not want to see other people go through what i've been going through. payout all this money for nothing. that is my comment today. thank you very much. host: in some other headlines today, "the hill" is reporting the senate harassment will is running into -- bill is running into opposition from the house. "house lawmakers are expressing opposition to a senate bill that would change how congress handle sexual harassment claims, arguing it would not do enough to support victims of harassment. critics of the bill, approved thursday in the senate, are backed by civil rights groups
who say the legislation would limit the behavior for which lawmakers can actually be held accountable. i look forward to going to conference because it appears to shift back the power to the institution instead of the institution, congresswoman jackie spear said in a statement." shelby is on the line from tallahassee, florida with over $100,000 in student loan debt. do you think it was worth it? caller: yes. going to two medical schools, are now right under $200,000. this is from harvard and columbia. a black american, third-generation higher education postgraduate seeker, i
think that this is about the priorities of a nation. if you look now at the disinvestment that the government makes over the course of from the 1960's until current, even with residency, the medicaid government pays for the residency cost for not the private hospitals, not the insurance, it is the government. that is who is paying for the residency salaries. we have a disinvestment, particularly at the state level. now we have only about 37% of states contributing to higher education costs. 68, 1968,e in, i am celebrating my 30th year from columbia, next week and, in
fact, now you are having 37% state investment in higher education. local taxes with property paid so with regard, to where we used to have, we have all these things on people with extended loan forgiveness, with debt reallocation, with income change. theme. just a this is about the priority of a nation that we are going to fund for our people to have skills. we are at asset capacity. evenpeople are not in fact high school, beyond any high school. in many rural communities where have gone from burrell to urban to metro regions -- "the washington examiner"
reports the epa shows secretary scott pruitt spent $3.5 million on security, a claim that is emboldening democrats. "the epa said friday that scott pruitt spent 3.9 -- $3.5 million on security of the last year, which democrats are running with that his proof for the spending is an attempt to "muddy the waters." he wants to muddy the waters after racking up massive travel bills, but he is not falling anyone, said the democrats in a joint statement -- fooling anyone, said democrats in a top -- joint statement. dollars they expect will be spent on preventing their communities and children from toxic pollution and chemicals, not on premium security for him. in the first and second quarter $603,000prewitt spent
and $742,000 respectively on security. the administrators claimed it is for security purposes. jerry is calling from west virginia, you have no student loans. good morning. caller: thank you for taking my call. i hope you let a finish my statement. athink the colleges today is bastion of liberalism just to support the democratic vote. i'd euro a truck for 47 years, and my last year of working i made $75,000. honey, i have got an eighth-grade education. i sent a boy to a community college, pay for it myself. he ain't got no student loans and the best job he can get pays about $45,000 to $50,000.
it is according to what a person does, and i worked hard. i earned when i made. i just don't think anybody needs to -- you can go out and get welding, pays high dollar money. you can tell out, take you a class to do anything, but you got to work for it. no, i don't believe college was worth it. that is my statement. host: rene is calling from upper margaret, maryland, also with no loans. maryland,arlboro, also with no loans. caller: i do not have student loans but i have a plus loan for my daughters. they are strapped with student loans and they do not have the position to backup the amount of debt they are in. one thing that needs to stop immediately is the accruing of interest daily on these loans. that is a scam. that is how credit cards accrue
interest. then they put them in these forbearance programs at the drop of a hat, because then they can capitalized interest in that interest, it is just quadrupling. who would do this to our youth? they say it is a non-collateral loan, so that is why there is a higher interest rate. there is collateral, and it is our country's future. it is our youth, and anyone that is trying to advance themselves and educate themselves, the government needs to fix that immediately. , do youjust want to ask think institutions are doing enough to educate students about that? do you think many students understand exactly how these loans will capitalize and how they can grow? caller: they do not have a clue about it, no, and we are not doing enough. they should not even have to face that. they have enough in their life to face. it just should not be done. -- weuld educate them
should not educate them about the scams, we should get rid of the scams. host: a report that california governor jerry brown said higher education should be like chipotle. a democrat in his last year in force, got in some slights higher education during a speech at the california chamber of commerce. what i like about chipotle is the limited menu. whiteand in line, get rice or black rice, black beans or pinto beans, and you are out of there. i think that is a model some of our universities need to follow, brown said, according to an account. if universities would adopt a limited menu concept, everyone would graduate on time. rene is calling from upper marlboro -- no, we just heard from rene. bob is calling from high springs, florida, also with no
loans. caller: good morning. how are you doing? host: i am good. what are your thoughts about college? is it worth it? caller: it is definitely worth it, and it is worth it for everyone. constitution specifies we auto have free education for everybody. there are certain rights we all should have. when i went to community college , tuition was $50 a semester, and that was great. i could afford it and otherwise i could probably not have gone to college. my family could not pay for it so was that or go into the air force. for my masters degree just a few years ago, that was 45 years later, my tuition was $500 per semester in a state university in florida. host: what did you study? caller: psychology and counseling. i ended up getting my masters
degree and a counselee license and teaching psychology for 10 ,ears in north-central florida florida gateway college. i am thinking that this right should be for everyone. doesn't the constitution offer the right to free education? we can have capitalism and freedom, but the constitution allows laws to keep our god-given rights reasonable, with equal opportunity for all. i say let's use the system we have got, take charge by voting intelligently and by using our vote to let our legislatures know what we feel is right. sierra is calling from selma, alabama, also with no loans. i am saying, i know i got put out of school in seventh
grade because i got pregnant. school, wegoing to had high school, then we go into trade school. i wanted to go to the service, but they put me out back in them days. i still worked at factories and stuff like that. now, these children, like theirody's saying, high-level skills, you need this. first of all, technology did not just come on a whim. raised by persons that had high school diplomas and stuff like that, or you go into college. they are doing it on the backs
of the people that have already done this. if you go to technology school now, you are going to pay out at least $200,000. it don't make no sense. each of them don't need all that , because they are trying to do the right thing, trying to make life better for everybody, but the government look like th tonight on c-span, five commencement speeches across the country. at georgetown university school of business. she is followed by republican senator richard burr of north carolina. cynthia nixon, washington post publisher fred ryan and chair of the national transportation safety board. that begins tonight at eight eastern herec-