Ditto!
Of course when I graduated (dark ages!), the amount I owed was a lot smaller than the typical student loan balance is today. But then again, so was the salary for my brand new job. The government has been "inflating" the currency for so long it's easy to forget there was a time when a thousand a month was a damn fine wage (new car under $2000, a house in the suburbs around $30,000)...
As the Red Queen said to Alice, "Sometimes you must run very very fast just to stay in one place!"
Regards,
GtG
That a great economics lesson. Borrow money, get an education and bilk someone else for your debt!
Student loan forgiven yea sure if the College reimburses the Govt!
Pay your debts! You will have to for the rest of your life!
Loan money goes directly from the loan company to the school to pay tuition, fee’s, books, on-campus housing and food and nothing else. Student does not get their hands on any cash from the loan, period. No apartment, groceries, transportation, car, gas, Spring Break, nada. That should take care of the problem. That was how it was done in the old days with student grants and loans. For play money, we used to work during summer and holidays, and part-time during the school year once we got the hang of studying.