Sometimes I wonder where the common sense was when these students got themselves into this much debt- suckered by the liberal college education system. They will work their entire careers to pay off this debt- and what do we all get an education for in the first place? Usually it's so we can get a good job to pay for a house, these students may never get to buy a house. Student loans are not able to be discharged in a bankrupcy- these creditors will garnish these students social security paychecks in order to get paid.
Beware the suckers game.
My debt is a life-swallowing, all-consuming, hole in my life. No college degree is worth that.
Facing college costs that are rising far faster than incomes, many Americans are relying on massive amounts of debt.
Erik Solecki
Student debt: $185,000
Degree: Bachelor's in industrial engineering from Kettering University
Was my college degree worth it? Hell no.
I graduated from one of the top engineering schools in the nation, thinking my starting salary would be between $70,000 and $80,000 a year.
Really depends on the degree. But surprised the degree mentioned above doesn't pay off.
If you look at the tuition inflation issue, much higher than regular inflation, do we have an education bubble? I do know my company has ramped up its requirements to get a job, almost any opening needs both a degree and experience.
And Obama is just making it worse, by awarding more free Pell Grants, colleges will find it easier to keep raising tuition rather than cutting costs.
Thomas Sowell: There are no solutions, just trade-offs.
I wonder if there is a pattern here? Government encourages home ownership above all else, housing bubble, collapsed economy. Government encourages unlimited student loans. Excessive, unaffordable student loan debt.
Nope, can't see a pattern. Carry on.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Bailey Bud - under current rules, no. But if you went to college in the 80s or early 90s, then yes indeed, that debt can come from federal stafford loans. And depending on the college you went to, tuition can be staggering, so can housing. I knew a physics major who had ONE textbook that cost over $600 - and that was in 1995. Cannot imagine what it would cost now.
The area in which the degree is sought should be researched by the student and parents before the kid graduates from high school. Arts degrees are nothing but a pipe dream. Science and engineering degrees are powerful if the area of study is in demand or the industry in that area is growing.
If a student seeks a degree that is not in demand, it is most usually their own fault because of lack of research and investigation. Also the GPA plays quite a role in landing a job.
Cost be damned if you have the degree in demand and your class ranking is excellent.
So, I should have researched into the future and known in advance that teachers would be cut left and right and education would have been so deprioritized as to become laughable before I started college in 1984? Not exactly sure how to do that, MB. At the time, education was a decent career.
As for the art degree - my daughter will have one next year, in interior design. And she will make a buttload more money than I ever could have if I'd stuck with education- because while some folks are struggling to eat, others are redesigning their homes on a yearly basis - and paying others to do it for them. Interior designers who are good at their jobs are making a lot - and she is good at her job.
Local_Historian wrote: So, I should have researched into the future and known in advance that teachers would be cut left and right and education would have been so deprioritized as to become laughable before I started college in 1984? Not exactly sure how to do that, MB. At the time, education was a decent career.
We will see the same thing with future doctors when Obamacare bankrupts the insurance companies and we get single payer. I feel bad for doctors that only have a few years left and a mountain of debt, the days of getting rich being a saver of lives may be ending in the near future.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
Yeah...that was the fear when Canada went to single payer universal healthcare....only it didn't happen. Medicine is stll a good profession there....and in the UK...and on every other nation that has single payer ....the sky did not fall....the doctors did not flee...people got treated and cured.
