I had an interesting conversation with a friend last night regarding student loans and higher education.
Many many kids now are graduating from college with upwards of $75K - $100K in debt. Even traditionally "job guaranteed" degrees are not netting employment for a good chunk of graduates (think nursing/physicians, IT, law and some business fields) and so we have a large portion of the population living under staggering loan debt with no end in sight. If you've got private loans you're in an even more harrowing position because those cannot, typically, be deferred or put under income driven repayment plans (know this first hand).
The student loan industry is heavily lobbied and interest rates have risen tremendously.
Have we done our kids a disservice by encouraging that they all go to college? Is it still a viable path? Is it one more area where only those whose parents have a very high income will be able to attend without setting themselves up for a lifetime of debt that may not even be repaid in a lifetime?
Answer by PartyGalAnne at 3:07 PM on Dec. 30, 2013
Answer by Ramble_on at 3:08 PM on Dec. 30, 2013
Answer by kmath at 3:10 PM on Dec. 30, 2013
Answer by PartyGalAnne at 3:11 PM on Dec. 30, 2013
Answer by m-avi at 3:19 PM on Dec. 30, 2013
Answer by 2kids2dogs2cats at 3:38 PM on Dec. 30, 2013
Answer by missanc at 4:01 PM on Dec. 30, 2013
Answer by Ballad at 4:06 PM on Dec. 30, 2013
Answer by Fairierose81 at 4:40 PM on Dec. 30, 2013