General Discussion
In reply to the discussion: Opinion: Student loan... [View all]meadowlander
(5,185 posts)People take out student debt because they don't have parents who can just pay the cost of university for them.
So yes "people need to take responsibility for their debts" but society needs to take responsibility for why some people need to start their working lives $80K in debt, deferring being able to start a family or buy a house to pay off that debt, when other people start out debt free, can get free money from their parents to start a business venture or buy a car or get a house straight away so they don't lose money on rent.
Also 50 years ago you could get a college degree based on how much you could earn with a summer job without having to go into debt. You could raise a family on one person's salary.
Why should young people face massive college debt and higher housing costs and lower salaries and higher health care and insurance costs and later retirement and higher gas prices and higher everything prices due to the end of cheap fossil fuels and no ability to earn interest on savings just because the generations before them sucked up all the cheap land and gave themselves subsidies on health care and got rid of pensions, busted unions, and relentlessly drove down labor costs and benefits and used up all the non-renewable resources?
And then have to listen to self-righteous bullshit about how "people need to take responsibility for their debts" from exactly the same people who have been benefiting from a tilted playing field their whole lives.