For young people, student debt delaying milestones

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  • junkgeek Agua Dulce, TX
    June 30, 2013 10:08 p.m.

    Since when are things like buying houses "milestones"?

  • Brahmabull sandy, ut
    June 27, 2013 9:09 a.m.

    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.

  • RedShirt USS Enterprise, UT
    June 24, 2013 12:02 p.m.

    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?

  • isrred South Jordan, UT
    June 24, 2013 9:15 a.m.

    "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.

  • george of the jungle goshen, UT
    June 23, 2013 11:31 a.m.

    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.

  • sisucas San Bernardino, CA
    June 22, 2013 8:23 a.m.

    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.

  • Strider303 Salt Lake City, UT
    June 22, 2013 7:45 a.m.

    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 know it. I Live it. I Love it. Salt Lake City, UT
    June 21, 2013 11:52 p.m.

    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.

  • JimInSLC Salt Lake City, UT
    June 21, 2013 10:17 p.m.

    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.

  • cjb Bountiful, UT
    June 21, 2013 9:26 p.m.

    Americans from the federal government to two many people don't have an adequate appreciation of debt and its consequences.

  • Chris B Salt Lake City, UT
    June 21, 2013 7:35 p.m.

    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 it back.