This is what keeps the young on the streets
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au contrar. it wasnt a waste. they have sowed,and now have harvested this generations debt slaves. why else would school debt not fall under the bankruptcy law as any other debt……………….
Anecdotally speaking, I think a good bit of the longer time to degree completion is twofold: 1. ill prepared students from public schools, and 2. Economic pressures i.e. Students need to work more to afford classes or help out family.
Another example some textbooks are in excess of $150, especially in the science and engineering fields. Even using Amazon, the cost is high.
idk yogs,we grew up in a different kind of time.we all had some kind of work while in school. some of us started earlier than others,and always had to pitch in to the family. this generation is purely and simply being used. my oldest is 27,she has her stuff together,but i still think these kids are gonna get screwed,and most wont even see it coming. were on the wrong path,now they are praying that the 50 somethings wont make to ss age,and the sad thing,is the gubmnt is counting on that.
drummer’ & Yogi’
a great documentary for you guys
Waiting for Superman…get in on NFLX
http://www.waitingforsuperman.com/action/
From the chart:
“The total average annual instructional cost per student is $1,456”
That’s a wildly unrealistic number, unless by instructional cost they mean what it would cost to have a professor or TA stand on a street corner and lecture.
Even then, I have my doubts that the cost number is correct. It may include community colleges, which do have low costs. However, the graphic compares the cost figure to tuition ans state aid for public universities.
I know a brand new lawyer with $160K in student loan debt. His monthly nut on that is $1800. He has found enough work to scrap it together for now, but every month he has that big -$1800 staring him in the face before he can even think about feeding himself. I can only imagine how much fun the underwater basket weaving grads with $50K in debt are having.
What was your lawyer friend expecting his monthly payment to be?
As for the underwater basket weaving grads; did they think those loans would be forgiven for simply getting a piece of parchment? Who forced their hand in signing the loan docs?
Cry me a river.