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Re: Tough Love From the Forum
In reply to Luke Kaven,
May 20, 2012
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Luke Kaven wrote:
ozarktroutfisher wrote:
OK so I've read almost all of the replies on this thread so far. You've been given a decent dose of tough love and have responded w/o fail with the classic "it aint my fault" response. All of your "reasons" for failure are just excuses and are based purely on decisions you've made all along the way.
More or less...if you're going to be a pro, there are no excuses.
Large student loan, your fault. I worked my way through college, joined the National Guard, and paid every single penny myself. I graduated owing a total of $3500. Don't tell me you made wise decisions if you owe $1800 per month.
I don't know how old you are, but the cost of education has astronomically outstripped the increases in the cost of living, not to mention real wages. See last Sunday's NY Times headline. A generation is hobbled by student loan debt, and that is partly because in the last decade, a parade of predatory lenders has been ushered in. When I grew up, the government did things to help your education. Now they prey on you, or they enable others to prey on you.
It's not an easy message to tell an entire generation that it just isn't possible for them to have the education their parents had, even though they are in exactly the equivalent economic situation. Expect some blowback.
I think I can speak to this since I've had two daughters graduate from college in less than a month. $10k and $0 debt respectively. Choose colleges where you don't have to dorm...it is usually much cheaper to rent, or a college you can commute to. Why double your debt for the privilege of dorming? Choose a lower cost college. One of my daughters didn't go to a pretige university, but she worked hard, did well, got involved, and still was selected as a summer intern at NASA (beside all those M.I.T. and CalTech grads, in fact, the housing she had WAS at CalTech).
But, I do agree with you that it is harder to finance college now than when I went (full ride).
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