4 ms·

Good. I paid the $120K for my education and co-signed a loan for a friend (big mistake) for $10k for her education that I ended up paying off because she was a

Good. I paid the $120K for my education and co-signed a loan for a friend (big mistake) for $10k for her education that I ended up paying off because she was a dead beat. There has been a huge disturbing trend in the US in the last 30 years or so: you're not responsible for your actions; it's always some one else's fault. You choose to go to a high priced school and study something that offers no marketable skills or is hyper competitive and only a few positions exist, why should I, as a taxpayer, fund that? - that is your choice. I wanted to study physics, because I love the subject, but when I entered college, I evaluated that my job prospects were low, especially with merely an undergrad degree. Instead, I studying electrical & computer engineering, and I paid off my student loan debt 4 or 5 years after leaving college.

dikdik 10y ago
So you are against the ability for people to declare bankruptcy then? Many boomers that spent beyond their means and lost their homes in 2008 were able to walk away from their loans. While they had a house to "give back", that asset probably lost 50-300K depending. Many people every year get expensive medical care and are unable to pay it off. They cannot "give back" a medical procedure, so the cost is written off and/or they declare bankruptcy. This negatively affects everyone else that pays for healthcare. But when it comes to education, it's a different story? I have a feeling the different story is: educational debt primarily effects the young, housing/medical debt primarily effects the older generations. Educational debt used to be like other debt, but then the boomers went to college and got into positions of power...