College still boosts graduates’ earnings
So they can pay off student loans...
Not to mention that under the Public Service Loan Forgiveness Program the remaining debt of qualifying student loans are forgiven after 10 years of full time employment in government organizations at any level (federal, state, local, or tribal) or secular work in 501(c)(3) non-profits and some that are not 501(c)(3), all of which includes workers in teaching, non-partisan social work and public defenders, state-regulated child care, pre-kindergarten, Head Start. nurse practitioners, and who make their 120 on-time monthly payments in their repayment plan. No wonder such abound with liberals.
And "The congressional spending bill signed by President Donald Trump [2018] contained a nice surprise – relief for student loan borrowers who work in public service. "
Obama federalized the student loan program under his regime. With the government guaranteeing the student loans, the tuitions shot through the roof. Because universities knew if they were guaranteed to get their money back, they could charge as much as the traffic would bear.
Some students graduate with student loans that they will never be able to pay back. The taxpayers will eventually bail the system out. I've read horror story after horror story about graduating with a $150,000 loan and after ten years of payments, they still owe $165,000.
A no win situation for anybody but the schools and banks. The students or borrowers, are left with no way to earn enough to be able to afford paying the loans off.
In the value-added formula, this makes college degrees less affordable and less valuable.
It doesn't help that the Leftist schools started padding their curriculum with worthless majors, like women's studies, gay black studies and transgender basket weaving studies. College graduates today get out of school not knowing how to read very well, spell, do math, know history, all the basics of educations in the past.
One would do better to go to trade school and learn to be a plumber, an electrician or a computer programmer. Nobody is hiring gay history majors in real jobs that pay good money.
I’d have made much more by becoming a plumber.