I can't imagine graduating college owing $900 a month [View all]

[LynneSin]

I can't imagine even owing $900 a month on anything other than rent/mortgage.

I'm reading this article from the NYTimes and I'm just stunned but this is the reality of a college education - unless you are a trust fund baby or have the grades for a massive scholarship your life is going to suck. What's worse is that the job market absolutely sucks and it's almost impossible to find a decent job that will include healthcare. Take way the healthcare plan recently passed and now college graduates are saddled with the full cost of healthcare if they can't be on their parents plans anymore.

How can anyone sit there and say this is ok - to start our young adults out in the world massively in debt. Mitt Romney's plan - just borrow from your parents.

At this point my advice to any non-trust fund/little scholarship graduate - do your first 2 years of college at a community college. All colleges are going to make you take core classes like English or Math or a Language - classes that are needed for you to graduate but not a part of your degree. Take them somewhere cheap where you might be able to still live at home and maybe work parttime. $50k a year for college is just not worth it - not for those non-degree classes.

Oh here is the article:

http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html?_r=1

A Generation Hobbled by the Soaring Cost of College

DA, Ohio — Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.
Multimedia

Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price.

“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.”

I also see alot of private colleges going belly up. I mean they are going to start losing students if they can't afford the tuition.