More than 25% of students who take on college debt are graduating with way too much of it, this leading expert says. And the repercussions could be lifelong.
When discussing the student debt crisis, most people focus on the rapid growth in outstanding debt and several recent milestones. For example, student loan debt exceeded credit card debt in
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Comments 17
The advice about counseling and not letting people borrow the money kind of ignores...
We're told we need college to get a good job.
Without the loans, we can't afford college.
So, what are they going to do about THAT instead of continuing to put all the responsibility and blame on US?
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I know when I was 18 I didn't know this stuff, all I knew is that I must go to a prestigious private school because my high school drilled it into my brain they were superior. My dumbass 17 year old self passed up a full scholarship to a solid university because it wasn't ranked high enough. Luckily I dropped out of my fancy university after a year and when I returned opted for a state school because I would have been destroyed financially.
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Don't say you have no prospects at 31. It's just not true. We need to set on fire and torch to the ground this idea that you have to have everything done and figured out by early 20s.
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And with your husband being out of town half the month, I can see how childcare can be a big deal. Some schools do have childcare on campus, though, something to consider.
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This is scary enough.
Between for-profit colleges and student loan debt--coupled with the inability to restructure student loan debt even when filing for bankruptcy-- I have a really bad feeling this is the scarier bubble?
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