Scandalous! Country is failing young people, saddling them with debt!
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Result of education inflation: same job requires more education. These students will need to live with parents longer delaying marriage, homeownership and children = downturn in an economy driven by consumption.
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Community college for the first two years can be a terrific idea.
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IT WILL NOT HAPPEN AGAIN!!
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Yup, this is what happens when you "require" college that is not always providing the value folks need to pay it off. Its turning into an ol' fashioned pyramid scheme.
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Problem is that too many parents didn't tell their kids to attend the local university & live at home. I know a 25 yr old w/ over $100K in debt for a BA b/c she went to her dream school vs. the school that her family could afford. She's working 3 p/t jobs paying for that degree
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Yup; whats the sense in that? Sounds like that individual just downgraded their life style.
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Yes! They bought into the bank ads that give you the guilt trip of using your home equity to pay for your kid's 'dream school'. Geez! Now, I'll give you that some kids do need to live on campus, b/c they don't have a local university, but there are low cost options.
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I concur. Its about value. I wish I knew more about business younger. We should really teach money starting in elementary school and business at middle school and keep that as a required course through the end of high school. Folks are too financially unsavvy.
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My son was upset when he had to attend the local university & live at home. He had hoped to get away & be on his own. Last May he graduated w/ $5K in student debt. He's paying the loan off by December & happy that he doesn't have an anchor of debt around his neck.
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Everything has a cycle... crisis too ...
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They're already deep
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Keep in mind that
@JoeBiden is responsible for the student loan debt crisis. Are ya really going to vote that ass into the Whitehouse if he runs in 2020?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Huh, you mean the New York tiny times misrepresented the truth and was disingenuously reporting while attempting to mislead the public for furthering the liberal agenda? No WAY! Get outta here.Does anyone actually think that rag of a news paper has any credibility left at all?
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Buy when there’s blood in the streets
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To make matters worse those are mainly student loans at for-profit schools.
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Yep go to school and work hard so you can spend the rest of your life paying it off. Now there's incentive.pic.twitter.com/DVpRCmCa25
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Student debt is out of control. Students should be able to declare student debt in bankruptcy.
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Could it be due 2 the US&its barrage of trade wars it's starting. Don't forget during subprime the us & it's banks went begging to china 4 $
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