Student Loan Debt is Skyrocketing

UncleBuck said:

without the state, monopolies crop up, then you're really fucked.

your stupid reagan sound byte world is an illusion.

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Padawanbater2 said:

You've probably seen this chart before, but it's worth seeing again: Student loan debt is just flatly out of control. I understand why this has happened, and I understand why it's hard to get a handle on, but we're going to regret it if we don't do something about this. We're training a whole generation to be wary of going to college, and for those who do, we're forcing them to start out their lives living under a mountain of debt. This is a recipe for disaster. More here from Maggie Severns. It's also yet another fault line between young and old that's not likely to turn out well. My generation got a cheap college education when we were young, and we're getting good retirement benefits now that we're old. Pretty nice. But now we're turning around and telling today's 20-somethings that they should pay through the nose for college, keep paying taxes for our retirements, and oh by the way, when it comes time for you to retire your benefits are going to have to be cut. So sorry. And all this despite the fact that the country is richer than it was 50 years ago. But at least today's kids don't have to worry about being drafted. That's something, I suppose. http://www.motherjones.com/kevin-drum/2013/06/chart-day-student-loan-debt-skyrocketing So is the plan to just let this bubble bust like the housing bubble did in 08? Why isn't this top headlines, why isn't every politician talking about this, every media outlet? Why the hell is nobody talking about this like it's a monumental catastrophe that it is just waiting to happen? Don't give me the entitlement bullshit, either.

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ASMALLVOICE said:

In the last 10 years, we have employed a large number of college "interns" to assist us in the summer. I am completely at a loss as to why there are so many, going into debt for an occupation that will only bring instant struggle as soon as they are thrown into the job market. The costs of obtaining thses degrees are so distant from the potential they encompass that the student will more than likely never get the damn thing paid off. Piss on degrees and get liscensed in a few crafts, hell, I have never been without work. I see thousands, with a degree, starving to death daily and they just keep driving down the same &(%&^% road expecting different results, madness in the least. I cannot count how many jobs in the field I have chosen that have been posted into my e-mail this week alone. From coast to coast, any state I choose. Yet idiots still sit there and would rather starve to death than break a sweat, I say let em. Work is out there, just have to ditch that "pussy" mentality and go to work. Peace Asmallvoice

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