half of outstanding student loan isnt being repaid. 7 million in default

[magical thyme]

46. I got a degree in Med Lab Tech. Health care supposedly growing field with 100% employment in MLT

I also checked out the starting salary at the local hospital before taking out any loans.

When it came time for clinical training, one of the program directors showed up in a panic. They couldn't find clinical slots for half the students. Labs normally take students in training to evaluate them prior to hiring. Nobody was hiring.

6 months later, half the graduating class couldn't even get job interviews, let alone offers. Some of these students were applying all over the country and not hearing anything back.

In the meantime, having graduated summa cum laude, I was one of the half who got an offer. Per diem, a couple days/week. Only one student in our entire class got a full time offer.

Oh, and my offer was 25% less than what HR had told me was the starting range. IOW, we were lied to about 100% employment, lied to about salary ranges, and suckered totally.

But yeah, if only students would get degrees where there's a chance of gainful employment.

Thank Dog for the income based repayment plan or I'd have lost my house by now. Instead, I'll carry this debt for 25 years and then owe humongous taxes when the debt is forgiven.