Student loans - a life sentence
Quite a few of us have student loans and it may be a blessing in disguise. Sure it makes it possible for us to go to school without paying a full $120,000 up front, but it will be quite a bit more down the road. With high interest rates and other expenses involved with starting out in life, paying off the loads becomes a tough task. Students may be paying for student loans well into their careers preventing them from starting a family or buying a house. There are of course, debt consolidators popping up all over the place, but that seems like a small solution for an ever growing problem. What other possible solutions could there be in the future as more students go to college and federal loans are even more common?
1 comment:
Being able to weigh out the good and bad points for Student Loans and if they are worth the worry is a tough subject. I have known people who have not found a job immediately after graduation (and that is when the payments begin) and have been stuck between a rock and a hard place. They were working fast-food, minimum wage jobs to attempt to make payments more than the amount of their paychecks. Granted, this is not always the case, but there should be some form of "lapse" time to help out the graduates. If there were some way to implement a system that helped students with job placements in order to insure they could pay off their loans, that would be extremely beneficial. Not only for the students, but the loaners as well. This gets the student on their feet and the loaners their money. What is the liklihood this will happen? Probably slim to none. This is a tough subject to come up with a common ground on. Is going in debt for college worth it in the long run? I would think so, then again I do not know much about how the loan system works.
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