Posted on 02/04/2015 2:01:44 PM PST by Jan_Sobieski
It’s hard not to notice one of the prevailing narratives coming out of the Occupy Wall Street protests: the weight of student debt. As one scholar summed up the grievances at the “We are the 99 percent” blog through a computer-scripted textual analysis: “Free us from the bondage of our debts and give us a basic ability to survive.”
The current amount of borrowing and student debt has prompted a national conversation over whether these burdened students brought their misfortunes among themselves through poor decision-making or whether they are victims of a system that has failed to deliver on the promise of higher education as a surefire means to a stable, decently paying job. Others still are questioning the notion that obtaining a college degree is even worth the cost at all.
Just how pervasive and burdensome has student debt become in recent years? Here are five things to know...
(Excerpt) Read more at pbs.org ...
6. Easy money through loans enables higher tuition costs.
When you don’t consider student loan debt among the general populace and only consider students in the equation, then the outcome is already muddled. I’d think the more appropriate measure would be of graduates’ debt over the first 10 - 20 years post-graduation (i.e. at the time their loans start accruing interest and absolutely have to be paid). While you’re in school you can defer interest and payments. Once you’re not in school, then the bills come due for real.
You rode the horse spending, walk and pay it back...just like those of us did when we borrowed money for our education, then for our children. Our lenders have to be repaid out of our earnings...no free rides...get to work!
you achieve freedom from your debts by paying them off, boy
Verstehen?
Big Education:
Paying big salaries to profs and admins who donate to Democrats.
Understanding student loan debt is pretty simple:
You take out a loan to go to school
When you’re done you pay it back
I did, my daughter did (said I would if she graduated but she had other plans and got stuck with the loan but paid it anyway... she understands obligations) and end of story.
You don’t pay it off and you bitch and complain you become a liberal and the rest of your life is useless and you bring society down with your failures.
Student loan write-off freebies will be a significant part of the Democrat 2016 campaign to lock in unemployed and underemployed millenials.
And you help elect Liz Warren as POTUS in 2016 when she starts handing out Groupons for student loan write-offs.
What cost $4500 in 1965 would cost $33330.84 in 2014.
That was my loan debt at graduation (with numerous part-time jobs BUT NO CREDIT CARDS. It took more than a year to land a job requiring a degree (I worked "whatever jobs" in that interval and managed to survive). I NEVER heard anyone talking about "debt relief" or the plight of college graduates at that time. I have two Daughters who did the same and managed to pay off their loans on time. Somehow I can't get emotional about today's "Crisis". Of course, I'll be long since in the ground when the "Student Debt Crisis "FIX" bill comes due!
What good does a law degree do when you build pizzas?
She listened to the sob stories of cousins and uncles who went balls to the wall on college debt. Her uncles have over 60K debt each hanging over their heads and it takes all their effort just to keep up with that and house costs etc.
Insightful. I believe you are right on this
I understand...but I think Obama has another plan...
Funny how #3 tries to make some distinction between
“for profit” and “non-profit” colleges and universities.
It is a distinction without a difference.
The easiest way to end the “student-loan crisis” is simply for congress
to make them subject to bankruptcy laws just like any other debt.
Then the funding will simply dry up.
Right now, the lenders have no-risk on non-repayment, and so
they will lend money to anybody for any degree (and multiple degrees).
60K is getting pretty close to “mortgage” like debt...;-(
No problem…
That Doctorate in Pottery will pay it off very soon after graduation
Why are private loans “riskier”?
I can imagine that they are more expensive because they are not subsidized by taxpayer money, but why risky?
They both kept changing majors (they are twins) then they deferred then they were behind etc.. They been out of school for over ten years and both voted for Odumbass. So, ya know...
Not necessarily an "or" type question. Entirely probable it's both.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.