John F. Kennedy Quotes
Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt. ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs.
Kennedy, John F. "Special Message to the Congress on Education." 29 Jan. 1963. Public Papers of the Presidents of the United States: John F. Kennedy, 1963, U.S. Government Printing Office, 1964, p. 115.
The latter years of the 20th century saw a large increase in the number of proprietary, profit making colleges and other institutions of higher education. These were able to utilize the Federal student loan programs. However, many were fraudulent rip-offs. Most were unaccredited. The average proprietary school obtained more federal student loan money per student than non-profit schools, and did not train their students as well. A smaller percentage of their students get their degrees and find jobs. When they do obtain employment they make less money. Congressional pressure, induced by heavy lobbying, stopped Department of Education efforts to make schools with poor graduation or employment rates ineligible for use of Student Loan Programs.
Hobson, like Mark Twain in America, was a major critic of imperialism.
The debt to which she was referring was the student loans that most graduates have to pay back.
John Fitzgerald Kennedy, often referred to by his initials JFK, was an American politician who served as the 35th president of the United States from 1961 until his assassination in 1963. Kennedy served at the height of the Cold War, and the majority of his work as president concerned relations with the Soviet Union and Cuba. A Democrat, Kennedy represented Massachusetts in both houses of the U.S. Congress prior to becoming president.