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This is subjective, but I think you're wrong. Having debt isn't a bad ting, crippling debt is of course, but I graduated with over 40k in debt and it forced me
by orofino 14y ago
This is subjective, but I think you're wrong.
Having debt isn't a bad ting, crippling debt is of course, but I graduated with over 40k in debt and it forced me learn things like prioritization and budgeting. It also gives you a sense of urgency about finishing school.
Most parents aren't saving enough for their own retirement as it is. They should NOT be going further into debt for their kid's college. The kids can get loans for school, the parents can't get loans for retirement.
Parents should save as much as they reasonably can to help kids through college, but the child needs to shoulder some of the burden as well.
- OldSchool 14y agoI see your point. Students having some 'skin in the game' is very valuable. I find the rules surrounding the debt far more disturbing than the average amount carried by graduates, which really only amounts to the cost of one typical family car. When you read about people falling on hard times and their debt being tripled by collection agencies with no way out because of bankruptcy laws, its hard not to view it as one more lobbyist-created situation that favors the banking industry.