Student Loan Debt...

[beachbum bob]

3. I went to college in my late 30's and incurred around

$20,000 in debt. I spent 6yrs doing college, starting out at a community college as it was 25% the cost of a 4yr school and then transferred fto finish my undergraduate and graduate schooling were I obtained a master's degree. I afforded this by a combination of grants, scholarships and cashing in a IRA and limiting loans to something I could pay off in 4 or 5yrs (which I did). Many of the kids I was in school with racked up $50-60,000 (or more) and to me that was reprehensible debt load to be saddled with when entering a job market. Easily available loans made this possible. Universities made it a business and could care less for the students welfare. This was profit motivated, pure and simple. Parents were foolish to go along with it as kids really don't know any better. When you a sophomore, do really worry about life after college or repaying loans? Dd kids really understand debt or the FACT that student loans are not covered in typical bankruptcy situations no matter what other people may say.

Hearing about $100,000, $200,00 or more debt loads is extremely sad but the fact of the matter, what did these kids expect to happen?

Easy loans, lax enrollment criteria and devil may care attitude did, and still is doing the damage. People have to stop whining about it and start taking action. Politicians respond to pressure. There are millions of students and parents in this boat. Time for them to do something. Good lord