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re: Senior citizens owe $18 billion in student loans
Posted on 9/10/14 at 7:19 pm to WinnPtiger
Posted on 9/10/14 at 7:19 pm to WinnPtiger
These threads usually devolve into "personal responsibility" tirades, but they usually ignore the macro issues the whole higher education circle jerk apparatus is causing.
We're creating a situation where we I can only imagine; those that "should" be in college start opting out, heading into less debt burdened careers at lesser pay, however, their entrance further depressing those wages as supply increases. If the career is well paying, again, worker supply should push wages down.
Those that take the chance are playing with fire, but on a larger level we see shortages across the board in those careers. Plus I'm not sure this will appreciably lower college costs due to falling demand, since the feds guarantee payment, the schools will up tuition further to make up for who opted out.
It's bad news, outside of the whole "Pay your debts" crowd.
We're creating a situation where we I can only imagine; those that "should" be in college start opting out, heading into less debt burdened careers at lesser pay, however, their entrance further depressing those wages as supply increases. If the career is well paying, again, worker supply should push wages down.
Those that take the chance are playing with fire, but on a larger level we see shortages across the board in those careers. Plus I'm not sure this will appreciably lower college costs due to falling demand, since the feds guarantee payment, the schools will up tuition further to make up for who opted out.
It's bad news, outside of the whole "Pay your debts" crowd.
This post was edited on 9/10/14 at 7:23 pm
2
Posted on 9/10/14 at 8:55 pm to Teddy Ruxpin
quote:
These threads usually devolve into "personal responsibility" tirades, but they usually ignore the macro issues the whole higher education circle jerk apparatus is causing.
Yep. All I have to say is I am paying back the loans I took out for my education for my second career path, on time and not crying about making the payments or how much they are. I had the opportunity to use the loan process to better my life, I took it and can afford to pay them back because I was smarter than those Liberal Artsy Fartsy idiots who did 0 research into what jobs are out there and pay well enough that you can have a quality work/life balance and pay YOUR Debts.
Posted on 9/10/14 at 9:01 pm to Teddy Ruxpin
quote:
but they usually ignore the macro issues the whole higher education circle jerk apparatus is causing.
cost of attendance across the board certainly needs to be looked at. not including private schools obviously
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