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The Hertog Foundation, an educational philanthropy in New York City, is offering a two seminars on economic liberty in NYC and Jerusalem this November. These events will cover many important thinkers in the classical liberal tradition, including Adam Smith and F.A. Hayek.

All the programs come with stipends to cover travel, lodging, and time. The deadline is August 10.

Good news! We have extended the deadline to submit applications for the 2014-2015 Blog Team to Wednesday July 30th!  If you are a highly motivated student writer or recent graduate and can commit to writing two 800 word articles per month, join our team of 15 talented bloggers! Prior writing experience is not required.

SFL’s Blog Team is an incredible platform for students to improve their writing skills and to get their ideas out to an audience of thousands of people. Check out what Matthew La Corte had to say about his experience on the blog team:

“Nothing has honed my writing ability more than joining SFLs blog team. Thanks to the editorial feedback I received while on the team, I gained the experience I needed to be published in my school’s website and in publications like Forbes, Boston Herald, The Hill, and Newsday.”

Our writers are granted the creative freedom to write about what interests them, whether it be campus activism and student organizing features, news coverage, pop culture commentary, or philosophical musings. All Blog Team writers will benefit from training and will regularly receive in-depth editorial feedback to improve their writing skills.

Direct any questions to Blog Content Manager, Elizabeth Francis at efrancis@studentsforliberty.org. Apply by July 30th!

 

The following was written by North American Executive Board Member Gannon LeBlanc.

President Obama recently announced the expansion of the federal government’s Pay As You Earn program, which helps students who take out government loans manage their debt. The program will cap monthly payments at 10 percent of monthly income with loan forgiveness after twenty years of timely payment, or ten years if the student works in nursing, education, or the military. At first glance, this might sound like a well-intended program, but there are two primary issues with it. The first is that this is a bandage for a problem that the government created and does not address the real issue of the student debt crisis. The second is that this program still harms student borrowers over the long run.

I myself am one of the millions of students with a decent amount of college debt and I don’t support this program. It is the equivalent of a doctor trying to apply a cast to an arm that they themselves broke and asking me to thank them for the cast. As this image shows, the cost of attending college has skyrocketed far and beyond the inflation rate. Prices have increased rapidly because the government is offering students easy access loans to attend college, such as Federal Stafford loans. In total, the government spends $99.7 billion a year on loans and other financial aid programs for higher education. However, they profited $41.3 billion last year from these loans. This is profit, not revenue from student debt. The government is not the private sector; it shouldn’t be profiting off of students they claim to be “helping.” The federal government is not helping students; it’s throwing us into debt that not even bankruptcy can save us from. This is another way to generate extra government revenue without having to call it a tax.

Now, I don’t blame the universities for price gouging; it’s basic economic incentives. They see the government offering students tons of money in easy access loans and the only way universities can reap this loan money is by increasing their prices. It’s also supply and demand. With access to easy loan money, many more students are going to college regardless of whether it’s actually the best option for them. This large increase in demand for college education causes prices to increase.

When our parents were going to college in the 1980s, their average cost of tuition per year was about $2000 for a public four-year college. In the past three decades, it has tripled to $7600. It was once possible to go to school and work part-time to pay for your entire degree. Now even working full time, students still often have to take out loans to afford college.

The US government and President Obama think they are helping us with this new loan refinancing program. However, once the fine print is viewed, it’s just another bureaucratic hurdle college students and graduates will have to navigate. If payments are not made on time, then the twenty year forgiveness is negated. Since students are paying less over longer periods of time, they are actually paying more than ever for college. Interest is allowed to accumulate, thus causing the total amount students actually pay for their degree to skyrocket.

That’s not to mention the macro effects of student debt relief. With loans being forgiven and less money paid out per month, it’s important to ask who will pay in the long term. Currently it’s not an issue, since the government is profiting so grossly from students. But what will happen in twenty years when we start to see many individuals having portions of their debt forgiven? These are potentially powerful and dangerous effects of government intervention in higher education.

If President Obama and the US government truly care about us students and our education, they need to understand that their programs are only getting in the way by creating false price indicators in the market, forcing students into complicated and confusing bureaucratic plans, and producing negative externalities. Leave higher education alone so that we as individuals can take responsibility for ourselves, instead of being a cash cow for government profit and shackled by inescapable debt.

Last week, Reason-Rupe released a new poll on the political perspectives of Americans between the ages of 18-29, considered the “millennial voter.” They compared this poll to a similar 2009 survey and found that young people have become increasingly more skeptical of government. Here is a look at some of their findings:

73% of millennials no longer support Social Security coming from the federal government. More than half of millennials believe that current and future benefits should be cut for retirees. Many also doubt whether Social Security will even exist by the time they are able to receive benefits.

More than half of millennials believe that cutting taxes in some areas would help the economy. Most prefer a smaller government that provides fewer services with a lower tax rate than a larger government with higher taxes. This is consistent with a majority also advocating for a reduction in government regulation to improve the economy.

All of this is not to say that young people favor government reduction across the board. Many millennials still support government action and higher spending in certain realms. For example, most believe that the federal minimum wage should be increased and that government should ensure everyone makes a living wage. Additionally, 54% want the government to step in and provide a college education for everyone, as well as access to healthcare. There is also strong support to raise taxes on the most wealthy, more government spending on infrastructure, and further assistance to the poor, even if it means higher taxes.

However, when it comes to social issues, millennials fall pretty close to most libertarians. Most show support for legalizing same-sex marriage, legalizing marijuana, allowing people to buy whatever food and nonalcoholic drinks they want, and reducing the drinking age. Nearly any nanny state regulation you propose, millennials will likely fight against.

It is easy to see that not all millennials are going to be identifying as libertarian any time soon. They probably will not consciously appreciate the work being done by market forces or openly denounce government institutions as detrimental to preserving liberty. What they will do is continue to remain skeptical of promises from Congress and the president, of interventions into countries around the world, and of privacy invasions here at home.

Overall, the Reason-Rupe poll demonstrates that millennial voters are far less likely to trust politicians than other voting groups. Our use of creative problem-solving through innovation and charity exceed every generation before us. This generation is driven by an amalgamation of technology, culture, and freedom, making us less dependent on an antiquated political system than ever before.

Written by North American Executive Board Member John Breeden. 

 

Calling all North American students! SFL is excited to announce the dates and locations for 21 Regional Conferences to be held across the continent this fall, including three brand new conferences in Calgary, Atlanta, and Kansas. This year’s conferences will feature some of the most impressive libertarian movers and shakers in the world, so stay tuned for upcoming announcements on our exciting speaker line-up. Previous speakers include David Boaz, Lawrence W. Reed, Tom G. Palmer, Jeffrey Tucker, Dr. David Friedman, Shikha Dalmia, Matt Welch, and Nick Gillespie. 

Organized by students for students, SFL’s Regional Conferences are an unparalleled opportunity for college students to network and discuss ideas with like-minded liberty lovers in their areas. These Saturday events will feature interactive breakout sessions, workshops, and engaging socials to provide students with opportunities for professional advancement, coalition-building, and leadership and activism development. Whether you have never heard of libertarianism or are a senior student leader for liberty, our fall regional conferences have something for you. All attendees are guaranteed to walk away from these events energized and inspired with new resources for your student groups, new activism ideas, and a new network of support.

Registration is free and includes three free meals and drinks at our evening socials. Check out the full line up and register for a conference near you!