Is The So-Called Student Loan Crisis One Big Exaggeration?

<p>Smorgasbord “Oh, God, not the [insert Scandinavian country here] is infinitely superior by the numbers argument again…”</p>

<p>I’m not saying that they are infinitely superior but MiamiDap’s blanket statement that liberal economies around the world are complete failures is demonstrably false. </p>

<p>Crizello “my short answer is ‘yes’, it is a big exaggeration.”</p>

<p>I agree that you won’t have a crisis personally if you don’t take on excessive debt. But, for the country as a whole there is excessive debt for student loans. Students do need to understand that they aren’t going to earn enough to pay off large debts within a reasonable period. I am not, however, in favor of the national goverment subsidizing student loans. Easy access to loans encourages students to take on too much debt without fully understanding the consequences. Also, there are too many “education providers” that exist solely for the purpose of feeding off that supply of education loans. I’d rather local/state governments fund state colleges and local cc’s.</p>