Student Loans / Debt

rr165892

Last-12-Exit said:

A college degree is a joke. All that means any more when an employer sees that on a resume is that you were willing to sit through 2 or 4 more years to reach a goal. The money it costs to "earn" that is not worth the payout. I have an associates degree and it is a meaningless, $20,000 piece of paper that had nothing to do with my employment history.

A massive overhaul in college and student loans needs to happen. It makes no sense for a kid to graduate college and be $100k in debt. It does NOT cost that much to run these universities. There are very few jobs that require these degrees. Doctors, engineers, lawyers: yes, you should have a college degree. The supervisor in a manufacturing gig, absolutely no need.

+1 on the overhaul.Couldnt agree more.

fife

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Last-12-Exit said:

A college degree is a joke. All that means any more when an employer sees that on a resume is that you were willing to sit through 2 or 4 more years to reach a goal. The money it costs to "earn" that is not worth the payout. I have an associates degree and it is a meaningless, $20,000 piece of paper that had nothing to do with my employment history.

A massive overhaul in college and student loans needs to happen. It makes no sense for a kid to graduate college and be $100k in debt. It does NOT cost that much to run these universities. There are very few jobs that require these degrees. Doctors, engineers, lawyers: yes, you should have a college degree. The supervisor in a manufacturing gig, absolutely no need.

i think we have to understand that maybe for some people College is not worth it but I would say that its not a joke. there are millions of jobs that need university degrees and rightfully so. again, people are not forced to go to school if they choose not to go.

dignin

RA92320 said:

I'm a third grade teacher and to earn my degree I had to take numerous student loans out to be able to go to college. My parents did not to college and had no extra funds to help out with my college bills. When I look back I really didn't have much direction on what or how to live life after high school. I certainly didn't fully see the impact of signing my life away taking student loans out. This is my 10th year teaching elementary school. My salary this year is $41,000. When I started my first year I earned 32,000. We used to bank on working our way up the pay scale ladder and you can see I have moved up. However, now with our state of PA cutting funding for education our school has been in trouble and it has reflected in our teacher salary. We no longer can move up like we once thought we could so I still owe $ 60,000 in student loans. I love my job and I'm very lucky to have one. Not only do I get to impact my students, but my job allows me to do other things like coach varsity basketball. I work in the summer even though we have the summers off. My job truly makes me happy, but if I had the choice to do over I would not have taken those loans out. It's a stressful burden that impacts my life and felt like I didn't have enough background knowledge or understanding how much money I was borrowing. When you are 18 and you don't want to end up like your parents you will do anything to better your situation and in my case it was the choice to go to school and take those loans out. Young adults need to better educated on how this will impact their future.

I have no one to blame but myself for the debt I have. I know I heard this song once maybe you guys know it ...."I can spend my time alone redigesting past regrets, or you can come to terms and realize you're the only one who can forgive yourself. Makes much more sense to live in the present tense. I want to live in the present tense just debt free!!!!

$41,000 salary after 10 years? That's a travesty. You should be making way more than that.

As a society we are getting things so backwards.

Good luck to you.