Reply to Insane Generation-Z Graduation Debt of $400,000

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought the millennials had it bad but the college grads today are f*cked.

https://www.reddit.com/r/personalfinance/comments/906m2l/fiance_has_390000_in_student_loan_debt_how_on/

In sum, the man has $390,000 in student loans and a starting salary of $47,000.

The woman will have $100,000 in student loans and a starting salary of $80,000.[/quote]

If you take out $390K in loans to make $47K you get what you deserve[/quote]

A lot of financial issues involve preventing banks from taking advantage of unsavvy people.  Why does this idea not apply to students?[/quote]

Like anything in life, just because you CAN, doesn't mean you SHOULD.

If you bought a house on a 3/1 ARM with 1% down in 2005 and then lost your house and thought it was reasonable to have a $1100 mortgage on a $500K house -  that is the bank's fault?

Let's say that the government imposed a cap - you are not able to borrow more than $100K for an education - would you support that?  No - you would say that it favors the deep pockets who can pay cash.

Personal responsibility is the answer to a ton of questions in life

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