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Are Student Loans Burying Graduates?
DrHogie asks: "This is an interesting Op/Ed piece on student loans -- and how they bury the graduate in a load of insurmountable debt. As someone who is considering going back to college to finish his degree, are student loans (and the degree they get you) worth the debt load?" Update: 05/09 5:45 GMT by C :I apologize. The link in this story is bad, and I can't locate the original story on Yahoo. In the meantime, here's a replacement story in the same vein, and an article about student debt and how most college kids are having to work more to offset rising tuition costs. The original question is still valid, however. Is college getting to be too expensive for the average high school graduate?
We can't just have people from any class getting educated and demanding large salaries and getting rich and powerful, now can we? So, instead, we've instituted Higher Education. Sure, you could learn everything you need from books, but we've decided not to bother evaluating people based on their knowledge, but, instead, to only recognize diplomas signed by places that are sure to put these cretins in a massive amount of debt. That way we can pretend not to be obstructing them but still not have to worry about them very much.
Keep it up!
Its people like you that allow me to get away with borrowing $X from the bank to buy a house, and rent it out for $(X+Y).
So while you wait and wait to buy your house with cash, I'll have multiple houses paid for! Being in debt really sucks!!