The student loan crisis: How middle-class kids get hammered

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There is a long-time CC poster who would probably point out to you that it’s much more likely that Ralphie the rapist is taking sociology in college than in prison…but that’s even more off-topic.</p>

<p>Well, I don’t feel financially hammered. Some nice grant-providing people gave the three kids in my family the equivalent of 3/4 million in support, assuming the last two don’t find a way to flunk out. I’m not going to complain, Dave_Berry of Wesleyan. Sure, they “earned” it, but it feels like winning the lottery.</p>

<p>Archer1415, shouldn’t that be the rule and not the exception? IMO, if students excels in high school, they should be rewarded with the best education at the lowest possible price to match their achievements. Instead, achievement commensurates with acceptance to the most expensive schools that do not provide merit aid whatsoever. This feels kind of backwards. </p>

<p>Anyway, congratulations on your high achieving kids; they were smart enough to take advantage of what they’ve earned.</p>

<p>Not sure, frugaldoctor – free money can be corrupting. Feels dirty accepting it… much like winning the lottery. I gave my kids the declaration that it will be expected they repay their grantors, even if at a slow pace, over several centuries. Perhaps the whole thing supports the strength of the nation through meritocracy.</p>

<p>I got some nice merit $$$ for 6 years of school and S got some for 4 years. Want him to pay it forward and be sure he can pay for his own kids educations. D got no $$$, but we’d like her to pay it forward as well and be sure she can pay for her future kids’ educations. </p>

<p>I think the problem here is that college is just to expensive. If obtaining a degree would be cheaper, then everyone would need less aid from the government which in turn, the government could also offer its help to middle class families since it would have extra money. Two, there would be no need to take out such huge loans because college would be less expensive. </p>

<p>Well, the government is unlikely to ever have any “extra money” lol. For starters, the government doesn’t have any money. They get it by taking it away from us and then they waste a bunch of it and move around the rest for a variety of mostly political reasons. But yeah, college costs too much. </p>

<p>@cmwmoises It wouldn’t work that way. </p>