The Rich, the Poor and the Student

The rich get richer, and when they get poorer...well, they get bailed out. That's how it seems lately. As Congress prepares to spend a trillion bucks (in addition to the $700 billion bailout from last fall), it makes one wonder when the working middle class will get some love. The pending American Recovery and Reinvestment Act (H.R.1) will no doubt help our economy in some form, but it's not nearly enough and it's not aimed at all demographics. If we can save the suits, why can't we save the common man, right?

The boom and bust cycles of the American economic empire are putting major strains on college students everywhere as we try desperately to pay our tuition fees and debts. However, these hard times may serve to benefit hundreds of Trinity students who find themselves strapped for cash. A new movement for canceling student debt is gaining ground in Washington and may become one of the many strategies Obama incorporates into his new New Deal program.

Many economic and political pundits endorse this Keynesian model in an effort to stimulate the economy. However, the debate remains as to whether students who default on their loans should be entitled to financial aid from the federal government.