I agree, but that is not what you are saying here. 1. was it not your own action to take out the loan? 2. When you default on that loan I have to pay it back through my taxes. how is that being responsible for your own actions?
Why? That is in effect what you are advocating here?
Not everyone is meant to go to collage. The trades in this country are hurting for qualified people. Plus the "poor" get their education paid for under government programs already. It is the middle class
Then your gripe is with the University systems that continue to sit on endowments, and pass along bloated salaries for tenured professorial staff that may lecture one class a week but draw top shelf salary. Among other problems within the system ofcourse. But the bottom line is that these Universities that are soaking the students, are doing so because the government will back the loans. It is the damned housing bubble.
Plus, who says you need to go to a top line University? There are many opportunities for people to get a degee without attending these money pits.
Wow, that is real BS. Are you really saying here that those people without a collage degree are doomed to welfare?
Putting words into my mouth will not make your argument look any less self absorbed, and wrong. Sorry.
the choice that is NOT foolish in my view is the one that fits a particular person going forward with not only their budget, but also with their potential. It certainly is not a smart decision to take $150K plus in loans just so you can get a piece of paper with a certain name on it, then cry because you took out the loan in the first place.
j-mac
1. You can't default on a college loan. And if you could, I;m not asking tax payer dollars to handle that bill, I'm saying that that should be a risk of going into that sort of business. Right now, student loans is a completely RISK FREE business, because it's more or less bailed out, before it even really needs bailouts. ALA government backing and legal force. Put Student loan companies on the same footing as other businesses in this country. Make them no longer a risk free enterprise.
2. It's not what I'm advocating, just my opinion. I don't think there are very many people who mistake the meaning of loan to mean grant.
3. Saying this effectively backs up some of the things liberals say about republicans, and the 1%, and quite frankly, you should be ashamed of that. Not everyone is meant to go to college? Right, poor people, because you can't afford college without going into debt, don't go, be a plumber instead, and come fix the leaks at my wealthy, college educated kid's new house they bought. Because you can't afford to improve yourself without debt, don't bother.
4. I agree about who cares about a school's status...what matters is what you learn. However, someone with the same degree from harvard is going to get the job over someone from a community college. Fact. Also, colleges cost a lot of money because of over regulation of the market. You have to have certification for most anything these days, and getting that means going to a state approved and accredited, higher learning institution. That creates demand.
5. Sigh....no. I'm saying that if you want to keep people OFF of welfare, don't kick them while they are down. Allow for them to have a way to negotiate with their student loan holders about payments, in case someone with outstanding student loans falls on hard times, as a result of a crippled economy, as a result of a housing market crash, as a result of illegal activities by private parties and public officials, in the name of HUGE profits. Again, most college grads who are having trouble right now would not be HAVING so much trouble if our economy were not in the ****ter. Not asking for a handout...just asking for a means to fairly negotiate with the people that hold our loans. Not too much to ask, in my opinion, especially after we were forced to bail out other institutions.
6. You claimed you didn't want to be held liable for the foolish decisions of others. If asked what those foolish decisions were, you'd reply, taking out loans they can't afford to pay back. At which point, since no one knows the future, that means getting an education they can't afford to pay for out of pocket...which means, poor people, don't go to college, since doing so equals going into debt for you. Feel free to clear that up for me it's wrong.
7. 150K students loans aren't the problem, 60K loans are. I would wager very few people who get 4 year degrees go in the hole for 150K...most are between 30-60K. My wife's is 60K. Mine, since I have over paid for many years, is now 15K, down from 30K. Also, pray tell, how does one know one's potential? Explain this comment, that people should seek to stay within their potential....
And people aren't crying because they took out the loan,at least not me. I'm angry, because my loan went to another company without my consent, and that other company treats me differently than my original lender did.
