Student Debt
Posted May 3rd, 2008 by jessicafox125
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Disillusionment for many of Generation X and Y begins not in the future but in past introductions to the necessity of participating in a debt financed degree-ocracy that some say resembles the exploitive sharecropper system. Large intuitions lend the means to an education and in exchange, graduates repay the institutions with the proceeds of the education. Orwellian usage of the term “financial aid” misleads only till loans come due. Economists have rightly pointed out the student loan payments will become an increasing hindrance to productive economic growth on a national level.
For many students that graduate with these loans, the value of their education arrives on a silver platter with tea and crumpets. Or while out scooping pet poop. The majority of young employees find their position in a Boomer condoned “service economy” is simply servant-hood. The unforgivable condescension to those struggling with this inherited economic reality is the labeled applied to offspring forced to return home; Boomerangs.
Think the students over at http://barefootstudent.co... are ready to vote Ron Paul?
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I have a degree, a $12,000 school loan that may one day be paid
back (2030?) and my field has been outsourced. I can't find work doing what I paid $12,000 training to do. Nice, huh?.
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Very interesting
You know, this is a good topic. I'd like to add to it. My husband and I are in our early 20s. My husband chose to get a degree at a university in computer science. He paid off his student loans in 2 years. (We kept living the college student life after college to pay it off.) But I chose not to go to a university because I am a freelance writer. Now you would think that I would want to get a degree in English or creative writing, right? Well nobody has ever asked me if I have any degree PERIOD. That's because in my particular field, it doesn't really matter to anyone if you have a degree or not. You just have to be good at the trade. If you want to be an English teacher then you should definitely get a degree but not as a freelance writer. That's like asking to be in debt for the rest of your life. Trust me.
So I just thought I'd put my two cents in that college has been marketed to everyone the wrong way. We've been deceived to believe that if you get a degree, people will just be begging to give you a high paying job in whatever you want. I WISH that were the case!
I agree, this is a great topic for DP.
I remember Dr. Paul speaking at UNH last year and saying to the college students that he would work to eliminate government grants and loans to college students. He told them that they had to take responsibility for their own lives. He was cheered!
The question that arises is; Who benefits when people become more educated ie acquire skills? The individual? Society as a whole? Both? Maybe the answer to this question comes before Who pays?