PAW,
That would work,if only the Students themselves as well as their parents would be educated in how Debt actually works.
For that they need basic economic and finance education.
Unfortunately is hugely lacking in most American households today starting with the President downwards.
Regards
Ashish.
Re: Loan Forgiveness
PAW
12/7/2011 1:49:38 PM
I think students would do themselves a favor if they evaluated the long-term impact of debt to finance their eduication, before they enter into debt in the first place. Maybe after careful consideration, going into debt for an education is not the right thing to do.
Joey,Why did you leave College mid-way?
back2basicz
12/7/2011 1:48:03 PM
Joey,
I don't mean to be rude,insensitive or prying but what was going through your mind when you decided to leave college mid-way?
It will be very,very interesting to get a viewpoint into what a College going adult thinks about the way the Higher education system works today.
I remember reading Steve Jobs talk at Stanford where he talked about why he quit college mid-way.It was fascinating to say the least.
However,here's another most interesting link.Basically what they say is that there are way too many LIberal Arts grads today and too few jobs for them.It would help a lot if some of them were diverted elsewhere-Say Engineering or Medicine.
Great article and a must read.
http://www.caseyresearch.com/editorial.php?page=articles/uss-education-bubble&ppref=ZHB428ED1211A
Ashish.
Phoenix, I would not say people do not value what is free, or low cost. Take the education system in Thailand for example. There all public education is decided by testing, from a very early age students have to compete via their test scores to see who will get seats in the best schools.
They use the same processes for their public universities. the public universities are held in a much higher regard then any private college they might. The public schools are very low cost, they might as well be free, and there are scholorships for students who earn a seat in the school but can not afford it.
In a system like this the students really do value the very high level of education they get. Though I do see a downside here. The education system in Thailand is much more structored than ours here in the US, as a result, students at these top schools do not have the chance to explore different classes to fill electives, my experience has been that this somewhat hampers creativity, but boosts knowledge, I think there needs to be a balance with a system like that.
Re: Why you need to get out of Student Loans
back2basicz
12/7/2011 1:23:41 PM
DrivewayGirl,
That is way too complicated and unenforceable.
Won't work.Sorry.
Thing is the more simpler a system the better its chances of getting implemented and succeeding in the long-run.
Ashish.
Re: Why you need to get out of Student Loans
back2basicz
12/7/2011 1:21:58 PM
Tenacious,
Try telling that to most parents who are conditioned to believing that a college education was and remains the ticket to a super-bright future.
Ashish.
Ask Asa,
I never looked at it like that,but maybe that is reason enough for Universities to put in a Tuition freeze for next two years??
After all,Universities are all about building responsible citizens for the future.Are they not??
Ashish.
PAW,
I agree wholeheartedly.
People like this Applebaum have gotten it all wrong.Nobody forced the said students to take the Loans for their education.
This whole idea of Debt forgiveness borders on the insane and challenges our very notion of being a responsible Capitalistic society,where the individual who takes on debts is responsible for paying it off.I can understand the rationale behind handouts from the State but this is ridiculous[Or has that notion already changed beyond repair than to the 2008 Wall Street bailouts???]
Sure Society has this thing about College Grads being very respectable but even that has changed now as people see some of the worlds most successful people all being College Dropouts(Bill Gates and Steve Jobs come to mind most readily).
Regards
Ashish.
Re: Loan Forgiveness
AskAsa
12/7/2011 12:52:44 PM
The long term impact of this debt on young adults who can't find jobs, or can't find jobs that pay enough to cover their expenses and loan payments, risks creating major social shifts -- including lower donations from these students to their former schools, which could reduce future scholarships and potentially exacerbate the cycle of debt for future generations.
Re: Debt is debt
cat tail
12/7/2011 12:46:18 PM
"Some of the borrowers are only 17 when they take out their first student loans. Does that even make it a binding contract?"
Good point. I thought you had to be 18 in most states to make a binding contract?
The blogs and comments posted on Investor Uprising do not reflect the views of Investor Uprising, PRNewswire, or its sponsors. Investor Uprising, PRNewswire, and its sponsors do not assume responsibility for any comments, claims, or opinions made by authors and bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
|
 |
Latest Blogs
Telecom-equipment maker Ciena is a stock trader’s dream, as long as the timing is correct.
The FTC is offering a $50,000 cash prize to the person or group that can come up with a solution to those annoying robocalls.
Akamai is in the middle of four significant tech trends.
John Malone of Liberty Media will be taking over Sirius XM satellite radio when the existing CEO Mel Karmazin steps down. What's it mean?
Demand for students of the humanities exists, despite widespread aspersions on the discipline.
IU Education
Resources to help you become a better investor
Investor Uprising on Twitter
25 market-moving companies we're tracking
|
Tweet This