Wednesday, March 21, 2012

Student Loan Debt = Not My Problem

So I read this article earlier and it really got me steaming. I'm young, educated, and make decent money. Not because anything was given to me. But because of the choices I made in life to get me where I wanted to be.

$25,000 is a small car loan. Easy to pay off. Students need to stop buying things they can't afford, such as all the latest Apple products, new cars, etc and then they can easily pay down their debt. Obviously, picking a degree such as art or sociology was wrong in the first place if you want to make money. Students who choose to go to art school or get a degree in acting or the humanities do this because they enjoy what they do. Nothing wrong with that. These students should understand, this is the choice they made. Students will not make any money going to school and graduating with degrees like this. If these students wanted to make money and live the good life, they got an education to allow them to do the following; accountant, engineer, doctor, lawyer, software programmer, project manager, etc.


$25,000 is an investment in the income a students degree. Which if they invest in something smart will allow them to make more money. $25,000 is more than enough to get an undergrad and an MBA at your local state college. Going out of state to college is a luxury, not a right.
Student Loan Rates to Double in June, from 3.4% to 6.8% | Moneyland | TIME.com:

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