Reply to Is anyone not saving to pay for all of their kids' college?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought college will be free and all college debt will be erased...per the Dems, no?[/quote]

Yeah some progress in that direction would be the case if Republicans stopped being such myopic arseholes and would stop blocking every bit of progress ever. [/quote]

That's not progress.  Nothing is 'free' in this world.  Why should I pay for students loans for someone who went to Brown University to get an art history degree, to have a low income job.  Think about your notion of free being progress.  Does progress mean getting strapped with others' debt?  If so, not smart nor advisable.  Go to a school you can afford or don't complain about your student loans or expect someone else to pay YOUR obligation.  Do you go into a restaurant and order whatever you want and expect the table across the room to pay your tab?!?[/quote]

I agree to be an extent but we are talking about 17-18yos here, many of whom have never even taken a financial literacy class.  They should not be allowed to take on that much debt to begin with.  I would much rather congress focus on making college more affordable for future generations than forgiving existing debt, but something has to be done. The current system is not sustainable.  And I say this as someone who stupidly took out a lot of loans and have since paid them back.  Saving what we can because I do not want to put my kids in that position.

It’s easy to say go to a school you can afford when for a lot of kids across the country that would mean community college only.[/quote]

I'd argue that while they are 17/18, they are headed to college. If they cannot understand simple financial issues such as loans, then they shouldn't be taking them.  These are kids in the top 50% of students since they are heading to college.  There should be a mandatory online financial course of 1 hour for anyone taking student loans, to go over the implications for those that aren't aware, IMO.  Nobody should take 100K in loans IMO, not even for an engineering degree, because there are many places that are more affordable to get that degree.

And yes, for many affordable college means starting at CC.  But it's a means to an end--and education is the ultimate goal.  2 years at CC and transfer to state 4 year means you ultimately get a degree from the 4 year college.  Nobody really cares that you went to CC. what you get is an affordable education and not being saddled with $1000/month loan payments for 10+ years often for a degree that only gets you $30K/syear income starting out.

Yes, it sucks if your parents couldn't/wouldn't save for college.  But going into major debt isn't the solution.  Getting an affordable education is.  There are plenty of good colleges that are ~$25K/year all in.  Pick one, work breaks and during school (P/T) and you don't need $100K in loans.  Or start at CC which is only $5K/year, live at home, cash flow those 2 years and save the extra, then college is only $50K total for the last 2 years.  With what you saved you only need $30K in loans at most.  There are ways to do it without major debt, it just may not be the path you envision.  But it's available
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