Published: Friday, June 21 2013 3:30 p.m. MDT
No one forced anyone to take out high student loans.Many colleges
are EXTREMELY affordable.Many state colleges have very reasonable
tuitions considering the economic benefit for the degree.I
don't feel sorry for those who ASKED for a loan and now are trying to pay
Americans from the federal government to two many people don't have an
adequate appreciation of debt and its consequences.
The Govt. made over $50 billion dollars last year on interest from student
loans. A person can get a 30 yr. mortgage loan for about 3% interest. The
current student loan interest rate is 3.4% and if congress does not amend a
bill, that rate will go up to 6.8% interest on July 1. A person can default on
their mortgage and in time get out from its debt burden. But, in the case of
student loans, there is no escape, the IRS will be garnishing social security
payment to collect the money owed.I believe that a person should
keep their word and repay money they borrowed. But why does the govt. exploit
this segment of the population. It loans money to the banks at .75%
interest.One thing to keep in mind, these young people burdened with
student loan debt are the very same people that older people are relying upon to
work and pay into social security so that Ponzi scheme stays solvent.
I believe every last human being makes mistakes.I believe the wrong,
dangerous, and sinful attitude is to use blame as an excuse to turn away
help.We can say "It's their own dumb fault" and do
nothing about it, or we can say "Yup, I've done that once... or I know
someone who's in the same boat. Is there anything I can do to help?"
That doesn't require writing a check, at all, but it does require our
interest, desire, and skills put into helping others.Those who
ignore problems are part of the problem, the problem is evil and it has many
faces. If you believe in helping people, blame is simply not relevant. What
matters is who is willing to work hard and do the right thing.If we
want to help young people, the first thing we can do is stop shaming them for
mistakes that are very easily made. If we can't do that, we'll be
judged according to the same measure. That's a fact, a law, a principle,
and a decree that no man can undo.As we have so much, so much is
required of us.
Welcome to the business of education. Not everyone needs a four-year college
degree to make a decent living in the world. Many companies that require a
college education do so only to use college as a clearing process for
prospective employees who could otherwise be trained in house.Colleges make money off of students, big time. Not just tuition but books,
housing and ancillary sales.Good community colleges can deliver a
basic education for a fraction of the cost. We are sold this bill of goods that
"college is the answer" when the truth of the matter is that education
and knowledge is the answer and these two commodities are not always found, or
exclusively found in a college or university.The trades as they are
called and small businesses can provide a good living for people who are not
geared for the college grind.
I graduated from college with no debt. I sometimes worked two jobs, lived in
lousy places and often had zero social life to make sure I wouldn't need a
loan. My grad school tuition was far more expensive and I finished with massive
loans, but with a degree that makes paying those loans easy. Now for some
reason it's my responsibility to help solve the problems of my friends and
neighbors who spent 15k on a hair degree, 30k on an elementary Ed degree and who
were playing on the weekend while I was slaving away for minimum wage?
Certainly the ridiculous inflation of tuition due to govt intervention makes it
expensive to attend these Taj Mahals of learning, but hard work, careful
planning and wise choices (is 15k per year for a medical assistant degree might
be too much), can still make it easy to get educated without getting broke. I
lived on Ramen then so I wouldn't have to eat it now.
The more that permission is given the more things will be used. We are entitled
we have permission. If laws and rules aren't enforced a permission is
given. A student lone can be taken out every semester. think now, 4 semesters
a year in 2 years you could have 8 student lones. all starting at ounce.
"Now for some reason it's my responsibility to help solve the problems
of my friends and neighbors who spent...30k on an elementary Ed degree "Would you prefer that our elementary ed teachers NOT have a college
degree? I submit the problem is that such degrees cost too much, and we pay
teachers too little.
To "isrred" lets look at this in terms of personality.How
forward thinking do you think somebody is who will go into debt $30,000 for a
job that pays $30,000/yr? Do you think that a person could adequately plan how
the things they teach to day will effect the future of your child in 5 years, if
they couldn't figure out that if you get a big loan for a job that
doesn't pay much it will take a long time to pay off?Lets look
at the extreme examples. Lets take Harvard as an extream example. You can get
a degree in sociology from that school. The tuition is huge, and they
don't really do scholarships. So, a person graduates from there with over
$100,000 in student loans, to a job making $25,000/yr. Is that really a smart
thing to do?
The sad thing is college doesn't have a monopoly on education and
knowledge, yet a degree is the only way companies are willing to verify
knowledge.I have a friend who just graduated with a 4 year degree
and can't find a job. I don't have a degree and have been working for
years. I have a house and no debt besides that. He often asks me why he went to
college... He has the degree but didn't really learn anything. It is an
expensive piece of paper.More companies should do on the job
training instead, or the degrees should be shorter and more specific. Does a
person getting a business degree really need to take a humanities class to learn
about Homer's Iliad?? Come on. These pointless filler classes are costing
students big time and making big money for colleges. It is sad that they are
able to get away with it.
Since when are things like buying houses "milestones"?
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