I saw similar...and would say people of type 1 were more likely to have worked in college and had lower amounts of debt. Type 2 generally didn't think of the consequences of taking out more and more debt to fuel their lifestyle in college and those are the ones that are pushing for full debt cancellation today.
I would say we should require all debt to be paid back 100% but cancel all interest (or make it minimal like 1%). If you irresponsibly took money to go on spring break every year, then you should pay it back.
Re:Putting Kids in Debt
by spywaregorilla on Monday October 24, 2022 @12:05PM
(#33318495)
In my experience most people, conditioned on studying an employable degree, just coasted with a reasonable end-of-degree effort to get a job and were just fine. It was not an extreme in either direction of your 1 or 2.
If we closed down the paper mills and handed out those pieces of paper only to students with genuine academic talent... it practically would guarantee a job, as it once did!
Re:Putting Kids in Debt
by munificent on Monday October 24, 2022 @12:28PM
(#33318827)
> only to students with genuine academic talent
All the other people that you would describe as not having "genuine academic talent" need to put food on the table too.
TFW either you go to Yale or you go to jail
Re:Putting Kids in Debt
by WirelessGigabit on Monday October 24, 2022 @07:42PM
(#33324172)
Question is whether they should get a degree. Is the investment worth the return? Not to mention bringing down the value of a genuinely good person because now there’s someone cheaper on the market.
I did take some issue with this paragraph:
> One was the obvious one: Unemployment. It is becoming very common for graduates to throw their hats in the air only to have them fall back and knock them in the head conscious. They wake up and realize this piece of paper with old English typography and curvy signatures is no guarantee to land a job.
In my experience, there were 2 types of people that prepared for jobs after college:
1. Some folks worked every summer, building connections and experience they could use to get later jobs. They were also working part time in the last year or two of college in an area directly related to what they wanted to work on after school.
2. Other kids basically either treated college as primo party time, or they just looked at it solely from an academic mindset. Point being, this group generally didn't do any preparation toward full time employment during their time in college.
So what I often saw with the group 2 people was that, in their last semester of college, they'd suddenly feel the anxiety of getting a job and would send out a flood of resumes during on-grounds recruiting, then they would lament how they didn't get interviews without really thinking much about (a) they had built no relevant experience in the previous four years and (b) their grades were often middle-of-the-road or worse, making it that much more difficult to stand out.
Point being, when you say "They wake up and realize this piece of paper with old English typography and curvy signatures is no guarantee to land a job." I mean, no shit. People have to take some responsibility for building the skills they'll need to get a job.