Do you want to own a home or have a college degree? That might sound like the wrong question to ask, but I assure you it is relevant. Some believe that if you get a college degree you will get a corporate job, and with that job and strong income you can buy a home and start moving up in the world, perhaps have some kids and make a family too. Well, if you graduate at 26 with an advanced degree of some sort, and you can't find a job right away, you still have to pay those student loans. If you don't come from a well-to-do family, you will at that point be basically; economically enslaved.
But, how dare I suggest this, how dare I put out such a negative thought for the future of our best and brightest! Of course, if you stop to think about it, you know I am right. It's not a joke, and I can't tell you how many college graduates and graduate students I've talked to at Starbucks in that same boat described above, with huge college tuition loans still which still need to be paid off. One gentleman I talked with as $76,000 in college loans. He really can't get a new car, buy a home, or even go back to school to get a more apropos degree.
What's he doing now? Trying to figure out how to get more student loans to keep going, thus, defer his payments he now owes. Buying a home is pretty much out of the question. Even if he got a loan, he knows he couldn't repay it, he has that other huge obligation hanging over his head right now. Remember he is of the grouping we in society call "the best and the brightest" but from where I sit, that doesn't look too bright to me right now, and his future looks rather dim.
It could take him 5-10 years to get those loans paid off if he can't get a decent paying job. But, he'll have to work very hard to keep his head above water either way - right now he is very much; economically enslaved. I am quite certain he won't be in the market for a new home, not even a starter home for the next decade or more, so the real estate industry may have lost a generation of home buyers, that's the point here.
Indeed, I hope you will please consider all this and think on it because the academic economic bubble we've created is as serious as the real estate bubble which collapsed in 2008 and the industrial health care complex we are building today.
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/7913231
But, how dare I suggest this, how dare I put out such a negative thought for the future of our best and brightest! Of course, if you stop to think about it, you know I am right. It's not a joke, and I can't tell you how many college graduates and graduate students I've talked to at Starbucks in that same boat described above, with huge college tuition loans still which still need to be paid off. One gentleman I talked with as $76,000 in college loans. He really can't get a new car, buy a home, or even go back to school to get a more apropos degree.
What's he doing now? Trying to figure out how to get more student loans to keep going, thus, defer his payments he now owes. Buying a home is pretty much out of the question. Even if he got a loan, he knows he couldn't repay it, he has that other huge obligation hanging over his head right now. Remember he is of the grouping we in society call "the best and the brightest" but from where I sit, that doesn't look too bright to me right now, and his future looks rather dim.
It could take him 5-10 years to get those loans paid off if he can't get a decent paying job. But, he'll have to work very hard to keep his head above water either way - right now he is very much; economically enslaved. I am quite certain he won't be in the market for a new home, not even a starter home for the next decade or more, so the real estate industry may have lost a generation of home buyers, that's the point here.
Indeed, I hope you will please consider all this and think on it because the academic economic bubble we've created is as serious as the real estate bubble which collapsed in 2008 and the industrial health care complex we are building today.
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/7913231
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