Good education is a good deal. The reason it costs so much is because it's worth it. The problem is bad education costs just as much, but it's hard to tell the difference between the two before money changes hands.
Trump did that with almost all his contractors and creditors, the kids are just following the new Republican values? Newsweek in Dec: “ Trump Set to Leave Office with at Least $850,000 of Unpaid Campaign Rally Bills.
Three options... 1) You have money to pay for your children's education 2) Raise your children to be smart including paying for private tutoring...they can then earn an academic scholarship to college 3) Raise your children to be athletic and private coaching if necessary...they can then earn an athletic scholarship to college In my opinion, borrowing money is a way to disaster for most students although a small minority can land a top job and pay off their student loans in a short period of time prior to financial ruin. wrbtrader
These loopholes are made by politicians. Smart men will take advantage of it, not so smart men complain.
I'm wondering if you grasped that I wasn't complaining about the existence of the corporate bankruptcy process. I was pointing out the absurdity of complaining about those who took advantage of a loan forgiveness program if it was established as somehow bad people while looking at someone like Trump who did the same thing as "smart". So basically you agree that if forgiving student debt is unfair/bad/morally wrong as all the initial posters on this thread maintain, then Trump doing effectively the same thing only to a far greater extent is equally unfair/bad/morally wrong. But because that was a loophole created by politicians, he's smart to take advantage of it. So if, as we're discussing here, politicians create a similar loophole for student loan borrowers, then it ceases to be unfair/bad/morally wrong and they become equally smart to take advantage of it? And the people complaining about it here (which didn't include me), they become your "not so smart" men, right?
Sorry if my reply was not clear. I wasn't referring to you when I said 'complain'. I was referring to the students. If the students could find a way or a loophole to get away with their debts then they should be categorized as 'smart' too. The thing is politicians will quickly close the student's loophole but won't do a thing on the other.
I agree. A college degree is like a HS diploma was years ago. It's a screening tool, lowest common denominator. You ain't going far in life without one.
That's where I went for a few years before coming back state side to finish degree. Parents maintain residences in U.S. / France and I had dual citizenship. Realistically, not an option for most U.S. student citizens. wrbtrader
A couple of things to consider. Needs-based - most public colleges have scholarship programs making them free or cheap and even Harvard has a needs-based subsidy. You borrowed from a government agency and they most certainly can cancel your contract. You borrowed from a private entity - even with a government guarantee, it's still unclear how the conversation would impact this. Here in Illinois - which is a notoriously screwed up state fiscally - the public colleges and their scholarships make it fairly easy for the needs-based student to attend. Certain specialties like nursing and teaching also have numerous subsidy programs and many are not even needs-based. The government loans are currently in a payment hiatus through September so they have already been modified by the lender.