Could Your Student Loans Make You Unemployable? [View all]

[rsmith6621]

http://www.policyshop.net/home/2012/5/1/could-your-student-loans-make-you-unemployable.html


One major reason people pursue a college degree is to get a better job. But what if the debt accrued to finance an education itself becomes an obstacle to employment? That’s what happened to Latoya Horton.

“Years ago I went to college to study accounting, and like millions of other Americans I took out loans to pay for it,” writes Horton. “A few years later I got a temporary job in the accounting department at Bain & Co., and after 6 months of reliable work I was thrilled to be offered a full-time position.”

But then things took a turn for the worse:

just a few weeks after starting in my new position the company fired me because my debt-to-credit ratio was too high. I later learned that 60% of employers now check credit reports, which typically include student debts. How are you supposed to pay off your student debts if you can’t get (or keep) a job BECAUSE of your debts? And what do my student debts have to do with my ability to do a job well anyway?


WE NEED TO BE ON OUR CONGRESSMAN ABOUT THIS ..... THIS INSANE