Excessive Student Loans
POSTED: Wednesday, October 19, 2011 - 6:37pm
UPDATED: Thursday, March 8, 2012 - 11:52pm
This has gotten out of hand.
I know back in the dark ages when I went through college working part-time I probably paid about 5 grand for a college education at a state school.
This morning we were discussing this topic for a news story.
The conversation was about how painfully high these loans were and how some of the young folks I know will take years paying them back.
The kids I spoke with went to a state school and are responsible young people and
still owe 80-thousand dollars to the creditor.
One person I spoke with today said they only took a loan for school and expenses.
I asked "isn't that all you're supposed to get?"
He said no.
His friends would max out what was available and besides room and school they'd go and buy televisions and video games.
I was stunned.
Now those folks have more than 200-thousand dollars in loans to pay and feel like the forest has fallen on top of them.
But I have to ask this.
Who is supervising all this?
Is no one paying attention?
These are still kids no matter how you try and explain it.
It's the same reason some school threw credit card companies off
campuses years ago.
These kids are having large amount of money thrown at them.
Sure they'll take it.
At this age they're bulletproof and will live another 500 years.
No wonder so many kids today start out with a chip on their shoulder.
Do their parents not warn this of this?
Doesn't the school?
I don't know.
Now that the federal government forced its way into the loan biz this is my money being given to kids to party with.
And like Solyndra or Robert Byrd airport this is more money down the rat hole.
That's my point of view what's yours?
You can email me at firstname.lastname@example.org