This from the washington post....the company that has the money to keep printing their rag of a newspaper because of the profits they generate off the university they own. I wonder if debt forgiveness for student loans would be financially beneficial to the washington post? Nothing but crooks trying to rob the public treasury. We need to be building more prisons to house all these Democrats.
Alas, that never happens.
Therefore, if you knowingly agree with assuming debt you should pay it back and stop complaining about it.
If you can't afford to go to a University, either attend a local Junior College, get a job or do both like I did.
Another wasted Generation of whining Children masquerading as Adults, just like the guy in the White House who never did an honest day of work in his life.
It is way past time for the “Higher Education” Bubble to burst, hopefully by now, middle class parents wouldn’t dare to put their kids thru college unless they have the resources or scholarships to make it happen.
Blame, blame, blame-—typical liberalism blaming others for their mistakes. She even admitted she should have attended local college in TX rather than Boston to keep tuition costs lower. Didn’t heed that advice so now pay up. How come liberal, leftist run higher education costs have skyrocketed anyway? Leftisms utopia isn’t free honey. Shut up and pay your debts in full like a responsible citizen.
Cry me a f***ing river...
I’m an American of Hispanic ancestry (is “Latina” some new buzzword?) from a middle class family. I put myself through college by WORKING-something I’d been doing since I was 15. During that time, I also married, had a kid and divorced. I did have help from my parents in the form of a home if I couldn’t afford one, and baby sitting by my mom and sibling. I did have to take off a couple of semesters while I worked two jobs, but I never applied for/got welfare, loans or food stamps.
That whiny young woman needs to apologize to her parents, cowboy up and take some responsibility...
When our kids were in high school the guidance counselor recommended one of them go to Rutgers in NJ - altho we lived in PA. She said his aptitude was for astronomy (which he was interested in, but so what?) and they had a good program at Rutgers. There was the usual blah, blah financial aid,blah blah... The gap between the financial aid and the tuition would have been insurmountable for us.
We had very low income at the time and my other son was already going to a Penn State satellite campus and living at home for the first two years before moving to the main campus to finish. So that is where my younger son went also. Both worked summers and at times during the school year.
Both kids (now in their late 40’s) got their BS’s and the younger one went on to become a PLS and PE, currently employed by the federal government in mapping. The other has his Ph. D in Engineering Mechanics and is a researcher at Penn State.
While they were eligibile at least one year for Pell Grants, the grants were not funded. They did get financial aid from PA.
They got out of school with minimal student loans. One with $5K and the other with $8K which they paid off.
I do think that responsible colleges and universities should do a much better job of educating parents and kids on costs. I think guidance counselors are probably worthless.
Perhaps because my parents had been through the depression, I had a deep and abiding fear of debt. My children are a few years out of college, and I made sure that they graduated without any debt. But for the past thirty years or more, the idea of borrowing for college and worrying about it later has been sold to people. People are going to expensive private colleges when much cheaper public colleges would do. The idea seemed to be that a college degree is you ticket to high earnings and that any debt would be easy to repay. For some, the amount of debt is so large that it hinders them financially, and for others, they earn so little that the interest on their loan causes it to increase faster than their ability to pay it down.
This is a problem and will be a much bigger problem in the future. I don’t know what the solution is. But I am tired of acting responsibly, doing without, and then being asked to pay for the mistakes of people who lived and live in a alternate reality.
Stupid. Of the 100 grand owed, probably 10 of it was for travel between Boston and Texas, and Boston is not cheap either.
I paid as I went. Took me longer, but so what? Our careers are much longer nowadays, so I had my children and went to school while they were little. Worked out really well.
This is why we need “comprehensive” tuition “reform”. The skyrocketing costs of tuition being charged by the Marxists running our colleges and universities are absurd.
I don’t know what she is complaining about How much does she make as an attorney vs what she would make as a high school graduate?
She took the risk and now must pay back her loans in inflated cheaper dollars thanks to Bernanke and his son’s $400,000 student loan debt.
its the american way borrow borrow borrow default...yeah thats the ticket everybody default Jubilee!!!
On my phone so this will be short. I have absolutely no sympathy for this whining spoiled brat. I went though undergrad on the GI Bill and had.enough at.the end to take me halfway through.Law School. I worked at least.one job the entire time I was in school. My wife worked retail as well.
She is nothing more than a poster-child for the Entitlement Generation.
On the plus side, this young lady at least got a valuable degree (apparently law) so she should be able to pay off her loans. When you have a degree in sociology or gender studies you're pretty well screwed.
Her parents a nurse and a police officer? Sounds to me like they did not do without much on that income. Plus benefits and healthy sized retirements.
She had to go to a private school so she has to pay the price. Then she had out of state tuition costs. All her choices.
Thank the Lord my children didn’t want to stray very far for college.
Obama’s plan is to forgive student loans after 10 years if they go into public service. No religious public service however.
(In other words don’t go into private business like Michelle and I told you not to do.)
This plan goes further and forgives everyone debts after 10 years if they make payments. That may be the clincher here.
http://money.cnn.com/2011/10/25/news/economy/Obama_student_loan/index.htm
I had no illusions. My family was uneducated and made it clear that they might feed me two years after high school graduation but that I shouldn’t expect anything more. I paid as I went. I have little respect for overprivileged hothouse flowers who believe that others should pay their expenses.
You must understand, The Washington Post specializes in publishing “oh poor me” stories.
1. I have put 3 kids thru college.The schools and financial “counselors” advise students to apply to their dream schools without regard to the costs. The students and parents both heard this continually all thru high school. They trusted teachers and advisers while seeming to not realize that the schools have a vested interest in having graduates attend highly ranked schools...the parents and community are impressed by the placement stats and will support higher taxes.
2. Local and state taxpayers are already subsidizing higher education through taxes. If students choose not to attend, it is their choice, but we should not have to bailout private tuition. As with primary and secondary schools, it is the parents choice to send their children to private schools; however, they are not demanding bailouts.
3. Look at the endowments of the top private schools. Why can’t they pay off some of their graduates’ student loan debts versus tax payers? Harvard 25 BILLION!!!!
https://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment
The problem with the entire scheme is that it drives the system away from stability.
By “forgiving” debts, it encourages more people to go into debt; also, the more people wit a degree, the less valuable each degree becomes as a market differentiator.
By insulating colleges from the cost of their failures, it encourages colleges to continue to accelerate costs above the rate of inflation.
It fails to force colleges to trim costs; rather it saddles taxpayers with a hidden tax (the loan “forgiveness” program) while continuing to shovel taxpayer money, as loans, to left-leaning college administrators and faculty.
Obama is not the smartest president ever, as he fancies himself; but he is smarter than anyone who voted, or will vote, for him...