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Federal college loans are hurting students, taxpayers

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Welcome to the discussion.

1 comment:

  • Jerome Kinderman posted at 11:57 am on Sat, Jul 20, 2013.

    Jerome R Kinderman Posts: 2367

    There are other options that should be considered insofar as post-high school education is concerned:

    Consider choosing a career that doesn't require spending $15,000+ for four years of education. Of course for those who want to become doctors, lawyers and other professionals, degrees are a must. And many of those require post-graduate studies as well. So how long will it take for them to actually repay all that debt as they enjoy the fruits of their educational labors? A friend of mine recently insisted that medical care and education (including at least a four-year degree) should be free. So who pays for that? Naturally the United States taxpayer. I refused to engage in debate about that - been there; done that - stalemate.

    So how about the military? Not only does one four-year stint in the Army result in quite a bit of funding for college, but many careers in the military come with some pretty hefty bonuses as well. Of course they'd have to sock away those bonuses if they want to use them for education. Most do not (in my estimation). But believe it or not, staying in the military isn't all that terrible either. After just 20 years, one can "retire" and then continue life with a new career. As most of us over 40 now understand, 20 years goes by quite fast - but when one is 18, how many believe that? Unfortunately though I hear there's rumblings in the DOD that 20-year retirements may become a thing of the past.

     

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