I DON'T CARE, PAY THEM!!!Absolute stupidity.
Have college cosign on the loans.
“73 percent of borrowers over 60 are paying off student loans they either took out or co-signed to help children and grandchildren through college.”
Go bankrupt! Oh wait...
These 2.8 million over 60 with student loan debt have to be some of the most stupid people in the whole US if not the world. They probably work at McDonalds too.
Stuff like this is why I have no sympathy for the folks who suffer from the debt. They were stupid. Stupid is supposed to hurt.
Most Americans carry a mortgage. The average mortgage is $309,000. Way more than the average student loan. Yet you never hear any big fuss about that. People with mortgages are just expected to shut up and pay them down.
My younger brother (61 y/o) and his wife are both PHD’s, they still owe north of $300K.
I went to school on the GI Bill. Of course, I’m no PHD.
I attended the School of Hard Knocks. There was no tuition, but it wasn’t free.
So what? They owe money for a loan. This is news why, NYT?
I DON'T CARE, PAY THEM!!!A waitress living at home can make some or all of that loan payment
Sorry not buying it
I was lucky. I used my contacts to help my children get decent-paying part time jobs. They made more than enough money to go to a good community college and at the same time save cash.
When they graduated community college with their Associates degrees they had enough cash saved up to pay for their final two years at very good state universities. My wife and I let them stay at home and gave them free room and board as well as the use of a car.
Waitress can earn good money.
They are enabling the daughter.
Stupid is as Stupid does.
I had a friend who had to sell her house to pay down the debt which she had mortgaged her beautiful home for her kids education.
neither of the kids earns more than 30K after high end educations.
One is now sick with a debilitating progressive disease and on disability.
My friend now lives in a trailer. and still sucking air.
sad.
1. College isn’t for everyone. 2. Too many majors do not pay for themselves. 3. When the vast majority of tuition is paid via loans, it makes it very easy for colleges to increase tuition because students do not immediately feel the increase. 4. Why in the hell would you have someone indoctrinate you, and then pay for it for years to come.
“Her daughter, who dropped out after two years at Saginaw State and is living at home, is working as a waitress and not yet able to help with payments, which come to $500 a month.”
Mom needs to have a talk with daughter. You either pay rent, pay your loans or find another place to live.
I know of a woman 80 years old that is still paying on a student loan.
I don’t understand the lack of fear of debt. I would rather wear 30 year old clothes, and eat mac and cheese every week night than go to sleep worrying about what I owe. I am fully aware that some people do that, and still owe money, and they deserve better. That said, because that’s a possibility for most people if things go wrong, we all need to be vigilant. That includes not enriching educational institutions that are not going to improve our lives.