Posted on 04/09/2015 2:10:09 PM PDT by SeekAndFind
On Wednesday, National Public Radio had a spot about how some states are reviewing laws on their books that let them yank driver's or professional licenses from those who default on their student loans.
To set the story up, the NPR reporter focused on the plight of Clementine Lindley, who recalls how after graduating she had to "decide whether to pay rent, buy food or make her student loan payments" because her debt was so massive.
How did Lindley rack up so much debt? NPR doesn't say, but a little sleuthing shows that Lindley got her Bachelor's degree in "Liberal Studies" from the private Seattle University and then went on to get a Master's in "Peace and Conflict Resolution" from University of Ulster in Northern Ireland. And now she's executive director of a non-profit in Montana.
There's nothing wrong with pursuing such degrees or careers. But Lindley clearly dug a financial hole for herself by choosing to combine expensive colleges with degrees that aren't exactly in high demand.
The fact that NPR left this pertinent information out of the story is emblematic of how the student loan story is being told by the press and by officials in Washington.
President Obama, for example, keeps talking about student debt as though it were a terrible burden that fell out of the sky rather than the result of free choices made by the students themselves. And he's taken repeated steps to make it easier for students to pay as little as possible on their loans, first by federalizing the loan program and then by offering easier repayment plans.
(Excerpt) Read more at news.investors.com ...
“A Masters in “Peace and Conflict Resolution”????”
If lenders were on the hook for bad student loans, it’d be a lot harder to get a degree in stupid shit like that.
Picture here:
Whoops, already posted; I should have scrolled down farther first.
>>Consider this: They went to school, worked hard, and then graduated. Next they found out that there were NO JOBS! They are not responsible for that. We are, because we have not tended our politics well.<<
Are you sure you are on the right forum? Of course there are jobs. For people that chose to learn what the market needs. I assure you in my field of technology we are always looking for bright young people to hire.
I took out loans and PAID THEM BACK (gasp).
“No jobs” is liberal claptrap.
For some strange reason that pic reminds me of actress Demi Moore...
That is the same way I did it. Still, anyone who thinks today's job market is a snap has been fortunate. There are numerous folks with hard core degrees who can't find jobs.
Too often, my suggestion gets the smarmy reply that "They ran up the debt and they should be forced to pay for it!" While technically true, the reality is that there is no way it is going to happen either economically, politically or any other way. If conservatives don't have an alternative, then the BO or Lizzie Warren plan will win by default-- some form of forgive the debt in return for left-wing government service.
My sons worked through college to avoid debt. We helped. They also watched what they spent. They missed out on a lot of unhealthy “fun.” For some students college is an extension of daycare.
I have been thinking of studying underwater basket weaving.
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