I am a bit older than the current crop of college students but I feel their
pain; much of it self inflicted. By the time I graduated with my Masters I was
$35K in debt due mostly to student loans. It is a sinking feeling when the
first payment is made and you realize that it will be like that every month for
the next 10 years. It was tough and sometimes I had to make serious sacrifices,
but I stuck to it and payed off every last cent plus interest. Speaking of
interest, it was 8.25% back in the 1990s so thankfully rates are lower for
today's payers. My advice to current perspective students, avoid the debt
if possible (take a year off to work etc.), live frugally while attending, and
please think about what your plans are after graduation before you spend $50K on
a degree in Music Theory or the like. That said, I don't regret for a
moment my college experience; well worth it on many levels. Just do it
"smartly" and realize it is your responsibility to pay off every cent
you borrow; it's part of being an adult.
Ironic that the majority of Millenials and younger voters cast their lot with
the incumbent president this last election cycle and not the business/private
sector guy....well, best of luck at those Occupy WS protests and the
unemployment office!Signed, an older guy who has learned to vote on
economic, not social or popularity, issues
Oh, golly gee, why not? Surely, at least 47% of those with outstanding loans
are pretty sure that the federal government will come to the rescue and forgive
billions of dollars of debt. The USA can always borrow more money from China!
Or can she?
If Great minds think alike. Then would it be safe to say feeble minds think
alike. Idiots think alike etc?With that said the college students
that voted the same guy that has borrowed and spent us into the hole, rather
than fixing things as promised. Was voted by the same mindset of college
students that believe you can borrow your way to prosperity and that
debt=wealth.Here is a life hard lesson to learn folks. Debt Does Not
Equal Wealth. Just remember that and everything else will make sense, when you
make decisions. Anyone that tells you differently is trying to prosper
themselves at your expense.