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.
Sentiment: NEGATIVE
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.
Borrowing to pay for college used to be the exception; now it's the rule.
Before the arrival of the Credit Union, people who were from the poor background or a working class background couldn't borrow from banks.
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.
The middle and working classes are paying the debt that the financial markets created.
If you borrowed money and went to a college where the education didn't create any value, that is potentially a really big mistake.
By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.
We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.
There is lots of evidence that it is this fear of going into debt that most puts people from poorer backgrounds off going to university.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
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