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The banking-higher-ed system is saddling these kids with debts they will not be able to pay back in twenty years. Easy money empowers the creeps, snakes and most vulgar to wipe out the herd. Where are the adults? These kids, most of them, come out of coddled lives in public schools where they no real math skills. Most can't balance a checkbook, much less have any real idea of what even simple interest on a loan is. They accept what their elders tell them, and that message is dominated by the ones pushing these loans. Used to be no kid could sign a contract for such an loan until they were 21. The older generation changed that too. The 'older' generation dumbed down math in schools, lowered the age of contract, created a cultural atmosphere of buying on credit.

The 'older' generation took plush jobs, tenure, pensions, benefits, sabbaticals, in universities en masse -- like fat slobbering over-fed house cats, not worried at all for the student life experience -- which is amoral chaos at best and tragically immoral indoctrination at worst. Layers and layers of edcu-crats added to the cost burden, the bills for colleges are through the roof. Almost nothing rose faster in cost than a college degree.

Can you pay back a $100,000 plus loan making less than #35K a year?

That 35K a year is high today except in some fields. There just aren't many jobs.

You paid your debt because you were damn lucky, in timing and in many things.

The kids trusted the older generation, their teachers, parents, society. We f**ked them over. We are f**king them over. That's the truth of it.

>>The banking-higher-ed system is saddling these kids with debts they will not be able to pay back in twenty years. Easy money empowers the creeps, snakes and most vulgar to wipe out the herd. Where are the adults? These kids, most of them, come out of coddled lives in public schools where they no real math skills. Most can’t balance a checkbook, much less have any real idea of what even simple interest on a loan is. <<

Dang, you really don’t believe in personal responsibility, do you?

>>Can you pay back a $100,000 plus loan making less than #35K a year?<<

Lots of people do — it called a “mortgage.”

>>You paid your debt because you were damn lucky, in timing and in many things. <<

So, who uses the term “winners in life’s lottery” a lot, huh?

I guess working my @ss off, starting by getting a full time job working 50-60 hours a week AND my college load had nothing to do with it. Then Istarted working and have done so damn near every day of my life, to this day. I was just “lucky.”

And choosing “religion and womyn’s studies” as a degree program is all the fault of the Baby Boomer generation not the girl. Poor dear never had a chance.

Could you possibly be any more condescending?

“The banking-higher-ed system is saddling these kids with debts they will not be able to pay back in twenty years. Easy money empowers the creeps, snakes and most vulgar to wipe out the herd. Where are the adults? These kids, most of them, come out of coddled lives in public schools where they no real math skills. Most can’t balance a checkbook, much less have any real idea of what even simple interest on a loan is. They accept what their elders tell them, and that message is dominated by the ones pushing these loans. Used to be no kid could sign a contract for such an loan until they were 21. The older generation changed that too. The ‘older’ generation dumbed down math in schools, lowered the age of contract, created a cultural atmosphere of buying on credit.
The ‘older’ generation took plush jobs, tenure, pensions, benefits, sabbaticals, in universities en masse — like fat slobbering over-fed house cats, not worried at all for the student life experience — which is amoral chaos at best and tragically immoral indoctrination at worst. Layers and layers of edcu-crats added to the cost burden, the bills for colleges are through the roof. Almost nothing rose faster in cost than a college degree.

Can you pay back a $100,000 plus loan making less than #35K a year?

That 35K a year is high today except in some fields. There just aren’t many jobs.

You paid your debt because you were damn lucky, in timing and in many things.

The kids trusted the older generation, their teachers, parents, society. We f**ked them over. We are f**king them over. That’s the truth of it.”

Granted, higher education has become a big racket over the last 30-40 years but to suggest that the fault that these students borrowed way too much money and now struggle to pay it back is the fault of anyone other than the borrower is irresponsible in itself. Most students have used good judgment when taking out student loans and most pay back what they owe. This woman is the exception. Unfortunately for her, she is learning a painful lesson.

who is “we” Tonto? This girl-woman sounds like an overindulged spoiled princess and her mother was at fault, not “we”

Her father died when she was 13, so she probably got a social security check every month for 5 years or more. That could have paid her way though college, handily. But I’m gonna bet it bought Mom’s B&B (talk about a hobby income)

My dad died when I was 5, I was the oldest of 3, my mother was 29 and pregnant. She put 3 kids throgh college with no student debt. Period. She used saved social security checks to pay for our education and worked night shift and private duty nursing jobs to put food on the table..

Oh and she also got a college degree when the baby started kindergarten, took her 8 years of night school but she then taught school long enough to retire with a pension.

Don’t tell me about the greedy older generation and how plush they had it, and how “we” duped this whining loser into spending $100K on a fluffer nutter degree.

Listen to Dave Ramsey show for a while, you will hear what people are able to do about their debts when they are willing.