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> 4) Student loans are a horror that needs to stop. Young people should not be put in debt-bondage. Imagine America's financial health if we let young people st

> 4) Student loans are a horror that needs to stop. Young people should not be put in debt-bondage. Imagine America's financial health if we let young people start families and careers debt free. Nobody has forced anyone to take a student loan. In fact, many young adults would probably learn a lot about life, financial management, and restraint if they saved for college and waited till they could afford it instead of going straight to college and going into huge amounts of debt. Generally society doesn’t condone going into debt carelessly in other situations so I don’t understand how we give (or want to give) students a free pass for racking up thousands (or hundreds of thousands) in loans.

JPKab 5y ago
You're right. Nobody forced me to sign on to student loans at the age of 17. I did it voluntarily. I couldn't buy beer, or cigarettes, or lease an apartment, and my brain wasn't fully developed. But yeah, nobody forced me to make a foolish decision and give a bunch of money to an inherently corrupt, predatory industry that employs more and more administrators every year while every other industry has used technology to reduce their admin numbers. I just got tricked. And my degree was fairly good as well. I double majored in Mechanical engineering/applied economics. (I know, it's a dumb combination, but I thought I could get a job in the ME field, and found economics interesting.). I couldn't get a job at all doing mechanical engineering, and instead the degree just demonstrated to potential employers I could do hard stuff and math. Something that could have been evaluated far easier with some form of test or hands-on interview that we use in our industry to screen talent.
- idrios 5y ago
  Hah, similar story here but biomedical engineer with physics & EE minors instead. I wouldn't say that at 17 our brains were too underdeveloped, but that without real world experience there was too much we didn't understand -- that our universities are training more qualified applicants than there are jobs for our fields, so companies can have their pick of the litter. And I sometimes see people talk about university as a path to scholarship, professorship, tenure, etc.. and that kind of discussion is so foreign to me because even when I was in school 10 years ago it was very obvious that those positions were too competitive, so the school was training us for industry instead. But when you're that age, it's impossible to weigh the economics of how many MRI / CT / medical imaging engineering positions are going to be available when you graduate in 4 years, vs how many other fresh grads will be applying for them. The only thing you know is that if you diverge from the path expected of you too much, the other fresh grads will have a competitive advantage over you so you just have to take the gamble that what you're studying will be employable.
deleted 5y ago
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JPKab 5y ago

You're right. Nobody forced me to sign on to student loans at the age of 17. I did it voluntarily. I couldn't buy beer, or cigarettes, or lease an apartment, and my brain wasn't fully developed. But yeah, nobody forced me to make a foolish decision and give a bunch of money to an inherently corrupt, predatory industry that employs more and more administrators every year while every other industry has used technology to reduce their admin numbers. I just got tricked. And my degree was fairly good as well. I double majored in Mechanical engineering/applied economics. (I know, it's a dumb combination, but I thought I could get a job in the ME field, and found economics interesting.). I couldn't get a job at all doing mechanical engineering, and instead the degree just demonstrated to potential employers I could do hard stuff and math. Something that could have been evaluated far easier with some form of test or hands-on interview that we use in our industry to screen talent.

idrios 5y ago
Hah, similar story here but biomedical engineer with physics & EE minors instead. I wouldn't say that at 17 our brains were too underdeveloped, but that without real world experience there was too much we didn't understand -- that our universities are training more qualified applicants than there are jobs for our fields, so companies can have their pick of the litter. And I sometimes see people talk about university as a path to scholarship, professorship, tenure, etc.. and that kind of discussion is so foreign to me because even when I was in school 10 years ago it was very obvious that those positions were too competitive, so the school was training us for industry instead. But when you're that age, it's impossible to weigh the economics of how many MRI / CT / medical imaging engineering positions are going to be available when you graduate in 4 years, vs how many other fresh grads will be applying for them. The only thing you know is that if you diverge from the path expected of you too much, the other fresh grads will have a competitive advantage over you so you just have to take the gamble that what you're studying will be employable.

deleted 5y ago

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