Community Chat

[esmeraldagooch]

No sympathy here. It may be a good idea to know what you want to do before spending money for a dead end career.

http://www.dailymail.co.uk/news/article-2826463/CBRE-report-warns-50-cent-occupations-redundant-20-y...

[Snowpuppy]

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@baker wrote:

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@MyGirlsMom wrote:

Is this a "War on Education" thread? 

..oh boy

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Come on, no one is against education just the high cost and who says you have to graduate from a 4 year college to be educated! I know many very smart people who are very successful and never set foot on a college campus. What ever happened to the self made man and woman?

Self made? Where are they going to get the seed capital to begin a business? Equipment, office space, retail space, inventory?

So skipping college, right out of HS, they saved their lemonade stand $ from their youth for a start up?

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[ROMARY]

Sometimes, the parents have these high-fallutin' ideas for their kids, and sometimes the kids 'sabotage' themselves by dilly-dallying around in college,  taking 'this or that' class, (maybe subconsciously), not wanting to fulfill their parents' expectations/goals.  I see this happening. 

[blackhole99]

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@Snowpuppy wrote:

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@baker wrote:

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@MyGirlsMom wrote:

Is this a "War on Education" thread? 

..oh boy

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Come on, no one is against education just the high cost and who says you have to graduate from a 4 year college to be educated! I know many very smart people who are very successful and never set foot on a college campus. What ever happened to the self made man and woman?

Self made? Where are they going to get the seed capital to begin a business? Equipment, office space, retail space, inventory?

So skipping college, right out of HS, they saved their lemonade stand $ from their youth for a start up?

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One of the successful people I know did not graduate from HS, he worked very hard for someone in the construction business, he's only 30 years old and owns his own construction company. I think if young people were as smart as they think they are and didn't have resources they might be able to think out of the box and make a living. Also, don't forget many jobs that now require a  college degree used to be on the job training or a 12 credit certificate program. With your smug attitude, perhaps you are a college professor.

[Lila Belle]

It's a different world. Older people have an affection for the good old days that never really was.

I'm thankful my parents have never felt that way.

[Burnsite]

I won't post or read here again, but the facts I posted earlier would seem to have shown that young people are not defaulting en masse on their loans. The 26,000 figure represents a default rate of 3.7 percent. 

The rate of bankruptcy of restaurants and small businesses where I live is probably 10 times as high.  Those who do default on student loans will have their wages or eventually their SS benefits docked to cover it.  While those who go into personal or business bankruptcy get to start over with a clean slate and perhaps open the same restaurant with just a new name.  Creditors are paid pennies on the dollar.    

As the US has fallen from #1 country globally in percentage of people holding college degrees to #16, I really don't understand why so many here think fewer people should go to college.

We should all be concerned about US competitiveness in technology, medicine, and the humanities as well.  Education is about producing a competitive edge and a well-informed populace; there is still a wide gap between earnings of high school graduates and earnings of college graduates.

I agree that not everyone should become a college student; but neither is everyone suited to becoming a plumber or opening their own business. 

It's for the young people and those who know them to reach those decisions--and of course abide by those decisions and pay back any loans. 

[HappyDaze]

It actually upsets me that anyone defaults on their loans. You owe it, you repay it, period.  It seems so many people don't take personal responsibility for their debt and I just think that is sad and frankly, unacceptable. I am tired of the excuses too. Dead beats.

[SydneyH]

A lot of people who go to school with my son are seriously considering bypassing the 4 year schools and looking at community colleges or the military.

[Lila Belle]

One late payment is all it takes for default.

Are there people who relish this ?

[nun ya]

My daughter just graduated from a 4 yr school. Luckily, she did an internship there at the end of her jr yr. They hired her at the end of that summer and she worked full time while finishing college. So I am thankful she has a nice job there right out of school.

She gets statements from her student loans, and I was amazed they said not due until 2017. Of course, they aren't... they want the interest and then the interest again when it actually time to pay. She's already paying them early.

But she also has friends who are older than her that keep taking the deferrments and have never paid a penny yet, So yes, it is the responsibility of the signee to repay but the loan companies too for being lenient because they are racking up interest.