Quote:
Originally Posted by plutnicki
I would say the big difference is that no bank will give an 18 year old with no job a mortgage, or a loan for a $100k car, and yet they can get financed to get a $150k loan to become a teacher making $30 - $40k/year or worse. It just doesn't make sense to me.
I don't believe in forgiveness either, but going through this process with my youngest (luckily he won't need loans), I can see how poorly the process is managed and how poorly the kids are counseled. I can see how kids get taken advantage of, particularly if they don't have strong support, which not all do.
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part of the problem is the propaganda that everyone was fed that they absolutely needed to go to college to have a job no matter what... so everyone is just supposed to get in debt to have a job they can't pay this off with?