This Bright-Eyed Young Man Was Utterly Demolished by Student Loans

Business Insider (via Yahoo News) ^ | Mandi Woodru

[driftdiver]

So you’re ok with what the schools are doing?

[SamAdams76]

Take 36-year-old Nick Keith, who remains $142,000 in debt eight years after graduating from culinary school.

That one sentence tells me all I need to know. This "kid" no doubt frittered away his younger years watching the Food Channel and had visions of being the next Gordon Ramsey or Anthony Bourdain. Figured this "culinary school" would short cut him to the culinary big leagues.

If only this kid took some time to read some books by these people at the top of the culinary pyramid on just hard it is to break into the business. For the most part, if you are not "apprenticing" at a four-star restaurant by the time you are 20, forget about getting to the big leagues and accept the fact you will forever be short-order cooking at the Applebees or some golf club.

[BobL]

“So you’re ok with what the schools are doing?”

Pretty much, in that they are ‘educating’ kids on the real world (probably the only time they do that). I do have a problem with government being an enabler though.

[cynwoody]

I don't believe they should. The "student" entered into an agreement for a service / education. Once they get that education its okay to just not pay the loan? How about if the "student" entered into an agreement to buy a car and then decides to not make the payments on the loan? The "student" should get to keep the car?

The rules should be the same, whether or not the debt is for an education or a used car. If, via the rules, you can stiff the used car dealer, then you should be able to do the same to Harvard. If those aren't the rules, then God damn the rule maker!

The rule maker's involvement is manifest in the above chart!

[cynwoody]

If people could discharge their student loans, there would be absolutely no reason to charge tuition at colleges. Higher education would be free.

College tuition should be like buying a sports car or a big-screen TV or whatever. It shouldn't be a protected category. There should be no protected categories. Protected categories are merely a way for 'Rat politicians to buy votes.

Going to college should be simple as a financial transaction. You pay your tuition, you go to school.

Oops, you borrowed your tuition, and now you can't pay? Tough cookies! That's between you and whomever you borrowed from! Same rules as if you put the big-screen on your credit card!

The only reason different rules exist is Democrat politicians buying votes! God Damn the Rule Makers!