President Obama is going to change the law regarding how students who take out Federal loans can pay that loan back:
(Reuters) – President Barack Obama will issue an executive action on Monday aimed at making it easier for young people to avoid trouble repaying student loans, a White House official said on Sunday.
The president will sign an order directing the secretary of education to ensure that more students who borrowed federal direct loans be allowed to cap their loan payments at 10 percent of their monthly incomes, the official said.
I would humbly like to make a recommendation. Namely, that we extend this loan repayment forgiveness effort to students who actually earn a degree that is useful.
No Art Appreciation. No Language Arts. No Renaissance Art.
We need people pursuing degrees that:
A – We need
B – Have a reasonable chance at resulting in a job
Wanna go to school to satisfy curiosity or take up a hobby? Power to ya. But if you want me to pay for it – make it something we are in desperate need of:
There will be a shortage of talent necessary for organizations to take advantage of big data. By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.
We need Quants. And we pay Quants a TON of money.
Go be one of those!