Barack Obama is asking students to skip class (ask your professors first!) in order to volunteer for him on election day. Just yet another example of a man whose ego seems to know no bounds.
Heck why not skip class!? Consider it an investment in your future. Under the Obama-Biden plan anyone can get a fully refundable $4000 tax credit, i.e. the first $4000 of your tuition every year can be wealth confiscated from someone else and handed to you in the form of a check. Can someone please explain to me, if a college education is supposed to be such a wonderful investment, why liberals think it needs to be so heavily subsidized by the government.
At the state colleges in New York, tuition is $4350 a year, with room and board expect $13,000/year. Even if a student borrows every penny of this money he leaves with a debt of $52,000. For a 10-year loan this works out to around $600/month in payments. Annoying, sure? Affordable for someone with a college degree? Absolutely! Even with a starting salary of only $30K this leaves $23K to live on in the first year, way more than our Ph.D. students are living on and way more than I lived on for 5 years of graduate school. And this assumes the student doesn't work during the year or in the summers, which can easily cut that debt figure in half.
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