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So you knew going into college that tuition/books/boarding was $X and said yeah I am going to do that, you did the math and figured that after school it was goi
by subsubzero 5y ago
So you knew going into college that tuition/books/boarding was $X and said yeah I am going to do that, you did the math and figured that after school it was going to be paid off in $Y years due to a college educated profession making a certain salary. Now that college is done you now want your financial obligation cleared because you have decided that college degree was too expensive.
So whats the difference between that and someone else who buys a house and realizes that they actually don't want to pay 40-50% of their income on housing payments and demands the Government/or bank give them the house for free due to it being unfairly priced?
Where I have a problem with this line of thinking is it totally throws personal responsibility out the window. You knew the costs and you signed up anyways. Do I think college costs are criminally high? absolutely. Do I think for profit diploma mills are predatory and should be shut down? yes.
I just have a huge issue with people who paid $200k-300k for a liberal arts degree where the jobs pay $30-$70k a year and then demand the government cancel their student loan debt due to it being too high. Its a slap in the face to the millions who never could go to college because they weighed the calculations and realized it does not make financial sense or came from background where they had no support for such an endeavor.
- xracy 5y agoI love this fake anecdote about someone who paid 2-300k for an underwater basketweaving degree, as if it's representative of most people who went to college. Also, where's the responsibility to colleges for selling these degrees to people (children) who have no hopes of paying them back? That's predatory. This article covers just the righting of the harm done on the people who fell into that predatory lending trap.
- subsubzero 5y agothe "fake ancedote" is actually my Wife's actual case. She did a semester at NYU that was $38k, her entire sociology degree was around $280k for books, school and boarding. She was smart and said forget that mountain of student debt, I'd rather do state school, and she did and it took us a few years to pay off that one semester of debt at NYU. Her best friend went to Pace and ended up with $250k of tuition/books/boarding for her liberal arts degree, so yeah total fabrication on my part :)
- xracy 5y agoYou didn't answer the question about the responsibility of colleges for selling this to children... Also, you're presupposing that all liberal arts degrees are bad, and I would contest that as a person who went to a liberal arts college. Also, My takeaway from your 'anecdote' possible we should pay social workers more because the cost to get that degree isn't covered by the work that they would do afterwards...