More Than 40% of Student Borrowers Aren’t Making Payments

Re:More Than 40% of Student Borrowers Aren’t Making Payments by smileysteve on Thursday April 07, 2016 @09:43AM (#11447149)

> I hope your ten year old has more options available than "go to college and take a gamble on being underwater" or "learn a vocation and hope you retire before it's swallowed by outsourcing or automation."

There are still many state schools w/ scholarships that are low priced; or upper tier schools if the family doesn't make enough money.

[ Parent | on HN ]

Re:More Than 40% of Student Borrowers Aren’t Making Payments by ethanbond on Thursday April 07, 2016 @11:11AM (#11447855)

None of which guarantee a job anymore, which is exactly the problem. The average student loan debt for graduating undergrads is somewhere around $30,000.

It's not like they're taking out loans to buy their way into Dartmouth. They're taking out reasonable amounts of money to go to a reasonable school to get a reasonable job.

The "unrealistic idealists" in this situation are the people who think it's the student's fault for planning on getting the job that was more or less promised to them by society. And when they are woken up by the fact that there aren't jobs waiting on the other end, the rhetoric seems to be, "these stupid kids listened to what every adult in the country told them for the first 18 years of their lives!"

It's shameful to act like kids should've known better than to pay for a quality education. What the hell kind of society actually places that blame on children?

Now, the alternative is the same thing. Now adults are telling kids to go to vocational schools. Okay. By the time they get established in those fields, those jobs will be gone too. Then we can blame the kids for listening to us again!

[ Parent | on HN ]