Many kids come out of college, they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.
Sentiment: NEGATIVE
I've met graduating college kids facing loan payments and a bad economy, and they are worried that they won't be able to get a job. This is not the way America needs to be.
It seems everyone knows a college degree is important, but few have a plan to keep it affordable.
I say all the time I think there should be some courses in the regular schooling system that isn't, even like about credit, things that matter later in life. I learned the harder way: 'Look, I got a $500 credit card in the mail, let's go shopping!'
Most small-business owners have no financial education when they started. They weren't trained to be entrepreneurs.
When someone has the desire to go to school and has the ability but can't get into our schools, that's wrong. Education drives the economy and the quality of life.
Across the globe, disadvantaged children are not living up to their potential because if they attend school at all, the schools are usually not designed to meet their extra needs.
While there are many obstacles that deter students from going to college, finances by no means should be the deciding factor.
There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks.
Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
I think about things like, 'Will my kids need a college account? Will they even go to college?' I don't know if that will be the case.
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