“We have kids here with $60,000.00 debt, having not planned well.”
I never understood the college debt issue (I worked full-time while attending college full-time), but these young people today should be wary of spending that time & money just to have 1) the jobs sent elsewhere, or 2) foreigners imported to do it here.
Investing in an education today is very different than it was 30 years ago.
When kids go into that kind of debt it’s not an investment. It’s a rip off.
A summer job? Working and going to school? Not for that kind of money
I'm in agreement with you. Many of these kids should not be in this position, having debt to go to college. You don't have the money, don't go, or work your way through college. Parents should not be expected to go in debt for their kids to go to college. I worked my way through college, never asked my parents for money (Dad died when I was 19 and Mom was broke). I'm fortunate enough to have sent my kids to university, and they did me proud by excelling and graduating by 21 years of age.
However, I see other relatives and friends who are not so fortunate, and they're in debt but sending their kids to college, acquiring additional debt they might never escape. Some of these kids are unfocused and have been going for close to ten years with many tens of thousands of debt load. Sad situation.
One of the Left's most brilliant moves was to take over the universities and make the middle class which opposed the Revolution pay for its own destruction.
Plus, the entrenched Leftist intelligentsia lives LARGE at our expense.