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re: At least half of students defaulted or failed to pay down debt within 7 years
Posted on 2/22/17 at 10:21 am to JOJO Hammer
Posted on 2/22/17 at 10:21 am to JOJO Hammer
quote:
No students need to honor their commitments and pay back the loan.
While I appreciate this sentiment, in many cases, we have a bunch of financially illiterate (thanks, public schooling) 18 year old kids who have had "YOU HAVE TO GO TO COLLEGE TO ACCOMPLISH ANYTHING WITH YOUR LIFE" shoved down their throats for 12 fricking years, and being quite rececptive to social pressure. Many do not get scholarships, and more do not have parents who can pay the ungodly sums required now, so they borrow without realizing the ROI of their degree or how bad of a situation they are putting themselves in.
2
Posted on 2/22/17 at 10:27 am to HempHead
quote:
"YOU HAVE TO GO TO COLLEGE TO ACCOMPLISH ANYTHING WITH YOUR LIFE" shoved down their throats for 12 fricking years,
Very good point. There are great jobs that pay well and don't require a degree. Also, there are plenty of jobs that will pay for you to earn a technical degree while you work.
Posted on 2/22/17 at 10:28 am to HempHead
personal finance really needs to be taught in high school.
most graduating seniors have ZERO clue to the consequences of their actions in regards to personal financial decisions.
colleges and the feds enjoy preying on the ignorant though, so this won't change
most graduating seniors have ZERO clue to the consequences of their actions in regards to personal financial decisions.
colleges and the feds enjoy preying on the ignorant though, so this won't change
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