Tell them to pay their way through community college, then pay their way through the closest 4-year college.
Don't tell us we owe them a bailout for ignorant decisions they made.
My daughter graduated from college, is living at home, and is working to save money for graduate school. Her friends ALL think she's crazy for not taking loans and going to school. They say she'll never go to school if she doesn't go now. What they don't realize is that, in two years, when they are finishing grad school 40K in debt and looking for a job, my daughter will have 40K in the bank AND a job (in which she's already received a promotion).
You tell me who's going to be better off.
Well gee Mark, you’re a big liberal, just how the hell do you think this happened. Money for nothin and chicks for free.
Gosh, I wonder if the bubble of huge arenas put up at taxpayer expense for the benefit of professional sports team owners, long term player contracts, etc, will ever burst, Mark, you big-time Obama sucker.
If I were leaving home and starting out today, I would not go to college - there’s plenty of opportunities elsewhere. There are so many people who’ve been sold on the idea that you need a college degree to make it in life that we have an overabundance of educated but unskilled people with useless degrees and a shortage of skilled people with useful and practical knowledge (i.e. tradespeople). The influx of illegals ready, willing and able to work hard should have taught us that you don’t need a college degree to make it in America. Additionally, if you really want and education (not college, but an education) you can get that outside of a brick & mortar institution. There are cheaper alternatives than going in hock up to your eyeballs, getting a useless degree, and being forced to live in your parent’s basement because you can’t get a job as CEO after graduating.
A degree in Community Organzing with a minor in Sexual Justice ain't gonna get you a job as a : Nurse, CPA, or Bakken Drilling Engineer of which the marketplace sometimes screams for.
The parents, kids, and guidance counselors are all to blame at that point....
Hey Mark, suck on a big Cuban cigar!!!
Hey Mark, all the debt is a problem. Also Mark you voted and promoted the people who create more of the problem.
Nobody tells them that indebtedness is slavery by another name. What they need is an understanding of the nature of freedom and how to identify its enemies.
Back in the late 1970's, there was a small book entitled, "Freedom in a Nutshell," by Dr. Kenneth W. Ryker. It was, and is, a priceless work which was published in two parts by FEE, the Foundation for Economic Education, and now can be read in two parts, here, and here.
"Freedom in a Nutshell" should be widely distributed today to the youth of our country. They could look around them and see evidences of the truths he outlines in such simple, yet profound, terms.
LLS
Do these loans need cosigners and if so, aren’t they the ones who should be most concerned?
No problem ... it’s all going to be inflated away.
Obama is going to make the banks FORGIVE all student loans they hold and the government now controls all the rest, so with his signature, ALL DEBTS for SCHOOL DISAPPEAR!!! EVERY PARENT AND STUDENT WOULD VOTE FOR HIM!!!!!
Many of these loans are the result of money hustlers in cahoots with the schools and universities. Many so called students shouldn’t be given money/funding for these schools as they, the students, just are not capable of handling the course studies/academics the schools should be offering for life’s sustenance and societal purposes. To go into years of debt to learn or be told that there are many kinds of people you have to get along with in life,for example, is folly.
When these articles and opinion pieces appear, when Obama mentions it, I just have this gut feeling that the ultimate intended step is to allow discharge of student loans in bankruptcy. Which, because of the proportion of government backed student loans, is a transfer from taxpayers to student debtors.
That was never part of any sort of implicit social contract re: student loans. Taxpayers may have subsidized the interest rates on the loans, but it was never assumed they would shoulder principal and interest. It will be an outrage if taxpayers, many of whom never got near college, end up taking this hit.
There are million of children who shouldn’t even have their eyes on college...they just aren’t cut out for it. Of course; our industrial base is gone, so they are just SOL.
Seriously, I KNOW a young man who has a BA in Psychology (so does his wife, its how they met) and the best job he can get, and which he has, is a Shoe Store Manager. So after all that time, effort and money (debt) he's a real life: Al Bundy! [If he was my kid, I'd have killed him!]
So it's things like that which are strangling the kids with debt. Useless degrees they can't use, so they can't pay back the loans, and they went for those degrees in the first place for... only God knows why?!?
(1) Personally I believe any 'Arts degree', the A in BA, is a waste of time, money, and energy unless you're doing it for kicks. Like a hobby and get a Bachelors Degree in Ancient Greek History.