College loans are a predatory business practice! They throw these loans at
people like parade candy. We applied for a scholarship for our daughter and by
answering three additional questions could get all the money we wanted.Lenders don't care, they get their money regardless because there is no
getting out of a student loan. This is the next bubble to burst...when kids all
across the county get together on social media and all stop paying them back at
the same time because they are such a rip-off without a legal exit afforded to
nearly all other types of debt.And they'll win...you can't
garnish every wage in the county.
CentralUtah,You clearly must be a liberal. Thinking you/your
daughter are not responsible to pay back the money you ASKED FOR. No one forces
anyone to take a loan.Way to suggest that kids stop paying, thus
forcing the taxpayer who is already subsidizing much student debt to suffer
more.Great attitude. Way to teach your kid responsibility.
I paid my own way through college by WORKING during the summers and I always had
a part time job after school hours. While tuition has increased,my earnings were
never more than $2.00/hr at the time. The government does not owe anyone a free
8.8% unemployment reflects ANY job these kids get when they graduate and NOT a
job in their chosen field. If you take a snap shot of how many graduates are
actually getting jobs in their major the unemployment rate would probably be
about 50%. For example I know so many graduates in Elementary Ed who are working
at Wallmart after graduation or as a secretary in a doctors office. The REAL
issue here is that companies are NOT HIRING and that is NOT going to change in
the next 4 years with Obama. So go ahead and vote Obama and vote yourself into
continued unemployment OR vote for Romney and watch the engine of capitalism
start back up!! It sure would be nice for graduates to actually have interviews
after graduation again!!!
Yep! I also paid my way through college, and so did my three children.I will not crawl, or beg government to care for me. I'd rather starve
then beg for food stamps, or any kind of welfare.I won't blend
into a nation of beggars.
How shameful when two thirds Americas children are fed by government schools,
and college grads can't find employment.What kind of leadership
has led to this?--Yikes! Obama may win another election.