@blossom - Two of our more recent hires were attorneys. We are not a law firm and having a law degree is little or no professional help to these individuals. Working with these two is a daily reminder that nearly 1/3rd of college graduates are underemployed.
I have read a good deal about this topic. Of course every person has a unique story and some I am very sympathetic about. However, I feel there are far too many people taking out loans in the last ten years who expect to never repay the loan.
They think the loans will be forgiven or somehow they will just not pay and there will be no repercussions.
In message boards about students who have ridiculously high debt, there is a pervasive sense of entitlement that they somehow deserve to live off of other people. They think education should be free and they are entitled to default on loans. The excuses are never-ending.
Unfortunately some politicians are giving them the impression all student loans will be forgiven and they are somehow victims of greedy banks/institutions/1%ers/etc.
In California you can go to a community college and with a Pell Grant end up with a government check in excess of tuition.
Both can be true, that there are irresponsible students and parents taking out loans they have no business accepting or intention of repaying, but it’s also true that many, many jobs require a bachelor’s degree, at the minimum, so what’s the average lower- or middle-income student to do?
If you live in a state like PA, where I live, there is a serious lack of affordable bachelor degree options for non-affluent families. People believe they need a “college education” to get a decent job, and the research tends to back up the claim that those with bachelor’s degrees fare much better than their high school graduate counterparts.
And then you have banks like Citizens Bank hawking “good debt” for college. It’s very easy to get in over your head.
<americans don’t="" seem="" supportive="" of="" such="" measures,="" no="" matter="" how="" helpful="" to="" the="" nation="" and="" its="" people.="">
And who is the right person to decide what is helpful to the nation and its people? In North Korea they have an answer.
<unfortunately some="" politicians="" are="" giving="" them="" the="" impression="" all="" student="" loans="" will="" be="" forgiven="" and="" they="" somehow="" victims="" of="" greedy="" banks="" institutions="" 1%ers="" etc.="">
Exactly.
@californiaaa: That would be “Congress” with help from the “President” as interpreted by the “Supreme Court.” North Korea isn’t the only one to try to answer the question of governing.