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Money and Finances
Reply to "Insane Generation-Z Graduation Debt of $400,000"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All of you people herping and derping about “personal responsibility” are totally missing the point. Let me spell it out for you, MED SCHOOL AND COLLEGE SHOULD NOT COST THAT MUCH, EVER, UNDER ANY CIRCUMSTANCES. Yes, even if the student intends to work as a plastic surgeon in Hollywood. It is terrible for the economy, society, and the field of medicine. No one benefits except student loan companies, med school administrators, and the politicians who take their lobbying money to keep the status quo.[/quote] + 1,000,000 [b]It blows my mind that people defend the insane cost of college and graduate school.[/b] They cost so much due to a bubble created by unlimited student loans backed by the federal government that cannot be discharged in bankruptcy. It is a racket and the primary victims are middle and working class kids whose parents can’t pay for school out of pocket (so basically everyone under 40 who didn’t have rich parents). End federally backed student loans, and make private student loans dischargable in bankruptcy and the cost of higher education will plummet overnight. But even though this is a simple legislative fix, it won’t happen because the education lobby and student loan providers are way too rich and powerful at this point.[/quote] You are confused. No one is "defending the insane cost of college and graduate school." No one is saying that it is good for college and grad school to cost so much. When we are saying is that it is an open, notorious, obvious fact that college and graduate school *do* cost that much, and it's idiotic to get oneself in this kind of predicament. We live in the actual world, not in the "well, things should be different " world. Also, it's nice that the Dr. wanted to go into research. But, there are a lot of things I'd rather do with my life that I don't get to do because I have effin' bills to pay. You know, obligations that I incurred and need to satisfy. So no, I don't feel sorry for him. And to suggest that this idiot's loans should be dischargeable in bankruptcy because he decided to incur loans and then take a relatively low-paying job is just lunacy. Come on. [/quote]
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