Saturday, November 21, 2009

Should The Government Be In Charge Of All Student Loans?

By Kenny Kopper

Is there anything the government does well business wise? The United States government is in charge of protecting us and a case can be made that they do a good job of that. But other than going to war and maybe controlling the police, I find it difficult to think of anything the government does successfully.

The post office used to be the one business that was run well but that has declined in recent years too. Competitors from the private sector such as UPS and Fed Ex have been able to cut into the market share of the post office because it is now poorly run. The price of stamps seems to go up every year and yet the post office continues to be unable to make money.

With a record that is so poor in executing any kind of business, is there any reason why we should let the government take over the college loans industry in our country. President Obama has put up a bill that will be addressed sometime in 2010 that would remove all student loans from the private sector and make the US government the issuer of such loans. This looks like another case of the politicians thinking they know more than the rest of us.

Besides the obvious question of why we should let this happen is another question about whether we want suits in Washington deciding which of our kids get loans and which ones don't. Those students who don't get loans are probably not going to be able to attend college and it is none of the governments business of who goes and who doesn't. Our government is there to protect us and not to be our mother and father.

As American citizens, we need to be very careful to protect our freedoms and not let them be eroded from us. If we are to not stand up for our rights, there will come a day when we look back and wonder how we got to the point where the government controls everything. Student loans need to remain in the private sector where they have a better chance of being administered fairly and were the government does not have total control over them.

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