The other day, I was talking to a college student who had a nursing credential, a law degree, and was now going back to school to get an MBA. I asked; why on earth would she do that, and she said that she couldn't get a job in nursing, which I found some what hard to believe in this age of ObamaCare, but I guess as per her comments, the local hospital wasn't paying enough for her to live well, and pay off her student loans. "What about a lot agree," I asked.
Well, it turns out that we don't need any more lawyers either. She couldn't afford to pay off her student loans and didn't want to default. As long as she is still in school she doesn't have to make those full payments apparently, so she decided to stay in school continue to borrow money which will pay for her living expenses also until the economy returns to full power, as promised by the Obama Administration. Also, she told me that she could use the money she'd received in loans as proof of income to get a car loan, so she could also get a new car (sounds great for US union auto workers).
Since she still wasn't making enough money she can also get food stamps. So here we have college students staying in school so they don't have to pay off the debt they've already accumulated, they also are getting a car and full living expenses, not to mention the high price of today's college tuition.
They're going deeper and deeper in debt, with no way to pay it back. If they do, they will be economically enslaved for years to come. Nevertheless, they feel that this is one way to get through the poor economy until things get better, as if they are somehow guaranteed that the economy will return to the highflying years.
If it doesn't, they will just default on their student loans, and although right now they cannot discharge that debt in bankruptcy, President Obama in so many words has hinted that we have to find some way to help the student out of those over-priced tuition loans somehow. Didn't he say the same thing about all of those foreclosures after the real estate bubble burst? I asked the gal how come she didn't just go get a regular job to start paying off the loan.
She said it would be too difficult, and if she got a starting job of less than $14 an hour she would never be able to live and pay off the loan. Wow, and so somehow us taxpayers are going to get hit with that bill of hers someday. It just doesn't seem right I tell you. Please consider all this and think on it.
Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
Article Source: http://EzineArticles.com/?expert=Lance_Winslow
Article Source: http://EzineArticles.com/7948843
Well, it turns out that we don't need any more lawyers either. She couldn't afford to pay off her student loans and didn't want to default. As long as she is still in school she doesn't have to make those full payments apparently, so she decided to stay in school continue to borrow money which will pay for her living expenses also until the economy returns to full power, as promised by the Obama Administration. Also, she told me that she could use the money she'd received in loans as proof of income to get a car loan, so she could also get a new car (sounds great for US union auto workers).
Since she still wasn't making enough money she can also get food stamps. So here we have college students staying in school so they don't have to pay off the debt they've already accumulated, they also are getting a car and full living expenses, not to mention the high price of today's college tuition.
They're going deeper and deeper in debt, with no way to pay it back. If they do, they will be economically enslaved for years to come. Nevertheless, they feel that this is one way to get through the poor economy until things get better, as if they are somehow guaranteed that the economy will return to the highflying years.
If it doesn't, they will just default on their student loans, and although right now they cannot discharge that debt in bankruptcy, President Obama in so many words has hinted that we have to find some way to help the student out of those over-priced tuition loans somehow. Didn't he say the same thing about all of those foreclosures after the real estate bubble burst? I asked the gal how come she didn't just go get a regular job to start paying off the loan.
She said it would be too difficult, and if she got a starting job of less than $14 an hour she would never be able to live and pay off the loan. Wow, and so somehow us taxpayers are going to get hit with that bill of hers someday. It just doesn't seem right I tell you. Please consider all this and think on it.
Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
Article Source: http://EzineArticles.com/?expert=Lance_Winslow
Article Source: http://EzineArticles.com/7948843
No comments:
Post a Comment