Skip to comments.Congratulations, class of 2014: You’re totally screwed
Posted on 05/19/2014 12:06:25 PM PDT by QT3.14
Welcome to the wide world, Class of 2014. You have by now noticed the tremendous consignment of debt that the authorities at your college have spent the last four years loading on your shoulders. It may interest you to know that the average student-loan borrower among you is now $33,000 in debt, the largest of any graduating class ever. According to a new study by the Pew Research Center, carrying that kind of debt will have certain predictable effects. It will impede your ability to accumulate wealth, for example. You will also borrow more for other things than people without debt, and naturally you will find your debt level growing, not shrinking, as the years pass.
(Excerpt) Read more at salon.com ...
$100K in debt for a Wymyns Studies degree and no job. But be happy that you going to school and paying tuition kept a bunch of professors making well into the six figures for teaching 2 or 3 classes per week for 8 months.
2016 DNC platform plank: Forgive all student debt. Register RAT and get your voucher.
Only question is which Party is going to rake in their votes by proposing a loan forgiveness scheme? (and yes, some Republicans are actually thinking about it)
That is one meandering diatribe!
At first, you think the author is going to point out the obvious causation between more student loans and more costly education. But no!
Just when he tells you what doesn’t cause higher tuition, whammy! He says education sucks because of adjuncts. What was that other point I was making? Oh, nevermind.
Why are kids in SUCH a rush... you are young and healthy with lots of time ahead of you.
I left HS and worked for two years in a factory... Then, When I started college, I had some money to work with and no crying need to borrow.
The best advice I have for them is "Careful what you wish for...you may get it."
My son graduated last year and immediately found a job....
Of course he graduated with honors with a degree in Electrical Engineering.....
He also played Division 1 Football and competed in Track......Not all jocks are dumb!
His approx. $30K in college debt is almost paid off....
No problem...they can simply take out more loans and go back to school for more advanced degrees.
These youngsters with skulls full of mush probalby haven’t even thought about the interest rates on their loans. They won’t even be able to pay the interest, much less the principle.
Too bad they can't get degrees in common sense, or even critical thinking.
1) My son graduated last year and immediately found a job....
2) Of course he graduated with honors with a degree in Electrical Engineering.....
3) His approx. $30K in college debt is almost paid off....
Hard work, persistence, achievement....
STOP THESE RACIAL ATTACKS ON OBAMA!!!
Those teachers also have to “publish or perish” qualitative studies of LGBT student’s experiences in wymyn’s studies, so they work a fair amount of hours.
Nor are YOU required to take on such debt. I'm almost certain that college is still voluntary.
But it seems that all the learning in the world, all the good grades and high test scoreswhich they had too, remember, just like youdont mean a goddamned thing when people have no bargaining power.
Slaves to be sure! No one can perform other than his assigned work, or accept other than his/her assigned wage.
It is a double disaster of the kind that only we Americans are capable of pulling off.
It's true! Life in America's University system is worse than life in Stalin's gulags or Mao's reeducation camps! The FINAL punishment for those interred at Aushwitz was a transfer to Harvard. Many prisoners would throw themselves into gas chambers to avoid it!
I could continue, but it is insensitive to mock a retard.
Just imagin how bad it would be if they had $17T in debt...
Boo freakin’ hoo.
Material lust is fine if you can pay for it. Gotta have a BMW seven series? I don’t care, as long as you can pay for it. But if you borrow the money to buy it, you’re an idiot. And I don’t feel sorry for you when it gets repossessed.
The lust to go to Harvard is exactly like the lust to buy that Beemer. It’s name-brand exhibitionism. It’s a polo logo on an otherwise ordinary shirt. You want to smug it up toward everyone who went to a community or state college. Again, not my business — as long as you can pay for it. Some people want Louis Vuitton purses.
But if you can’t pay for Harvard and buy it anyway, you’re an idiot. And I don’t feel sorry for you when you can’t service your debt.
AND I’M NOT PAYING YOUR DEBT FOR YOU.
These types of articles are meant to soften us up for massive student debt relief. I hope American taxpayers won’t stand for it.