Reply to Financially hobbled for life- elite masters degree that don’t pay off

Forum Index » Money and Finances

Reply to "Financially hobbled for life- elite masters degree that don’t pay off"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I agree about not just forgiving debt that was a choice, like going to a certain college.  On the other hand, I also agree that folks that young truly don't understand the impact of taking on that much debt and the compounding effect.  They've never had to support themselves at that level and assume they'll be able to pay it off much sooner than they're actually able to.  Particularly when the school they trust encourages them to do it.  I certainly understand much more about debt and compound interest than I did then, even with parental guidance.

I wouldn't support using tax dollars to pay off their principal in total.  But I would support forgiving the interest and them just paying the principal that was loaned, considering the mess the government and the colleges have made of all this over the last few decades, and not making a quick adjustment to their mistake when they saw it happening.  Just forgiving the interest alone should make the debt much more manageable and quick to pay off.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics