Another handout for Obama’s FSA.
Here’s an alternate concept: don’t take out a loan for studying something that will NOT lead to a good-paying job.
MoreOn is also agitating for this. It’s like mortgages: the deadbeats get relief, and those of us who were responsible and paying off our loans get stuck with the bill. . .
In my observation many students take excessive loans not only to pay for their education but also to maintain lifestyle (pizzas, beer, trips and so forth). Pay your debt, you slacker bums.
I’ll take Medieval Literature, Alex for $60,000. For Final Jeopardy I won’t have any money after 5 years including dropping out of grad school and can’t even get a job at Starbucks, because all the overpriced and out of work MBAs got those plum gigs.
The story of my life....I’ve paid my home loan and car loans and education loans faithfully every month because I signed on the line that said I will pay ‘X’ back if some lender would ‘front’ me the cash for my (at that time) immediate need that I didn’t have the cash for. Now that I’m within 3 or 4 years of having all my debt paid off, I’m expected to pay for the ‘forgiveness’ of other people’s irresponsible behaviors.
Is this a great country or what?
Guess I’m a suckar for playin’ by the rules of responsibility that I learned growing up in the ‘60s and ‘70s.
You said it.
Here’s an alternate concept: don’t take out a loan for studying something that will NOT lead to a good-paying job.
A couple of my kids are cs & engineering majors, and in order to earn a BS in these subjects, they are required to take social & behavioral science and "diversity" courses (on top of the more typical art & humanities requirements)- none of which have any relevance to their core programs.
The frivolous requirements are embedded in the degree program structure at this point, thanks to the influx of gov't $$ that enabled the establishment of these useless, impractical courses (courses which most students seeking technical degrees and endeavoring to keep their education costs down would otherwise eschew). Students are between a rock and a hard place.
I'd add, "OR will get you admitted to a graduate professional school -- that will lead to a good paying job." Major is probably a lot less important than grades and test scores when applying to law, medical and business schools.