If you borrowed money and went to a college where the education didn't create any value, that is potentially a really big mistake.
Sentiment: NEGATIVE
Borrowing to pay for college used to be the exception; now it's the rule.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
The whole student loan thing drives me completely nuts. If it wasn't possible for 18-year-olds to sign themselves up for tens of thousands of dollars in debt in order to pay their college bills, the state governments wouldn't have found it so politically easy to cut taxpayer support for public colleges and universities.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
I paid for my own education by scholarship until I left university.
I think if you have to pay for your education, you worry very seriously about you're going to do when you've got your degree.
My parents did not pay a cent for my education; they didn't give me a car or furniture - I did that 100% on my own. I had to pay back a lot.
College is part of the American dream. It shouldn't be part of a financial nightmare for families.
When people say that college isn't worthwhile and paying all this money isn't worthwhile, I really disagree. I think those experiences and those classes that may not necessarily seem applicable in the moment end up coming back to you time and time again.
You might say those who can't repay their student debts shouldn't have borrowed in the first place. But they had no way of knowing just how bad the jobs market would become.
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