Not everyone needs to go to college and a student thinking about enrolling really should look at the likelihood of being able to get a job that pays well enough to pay off the student loan.
I know so many history, art, English, and various other liberal arts majors that have $50k+ in debt and are still scraping by. They can't find a job, can't pay off their debt, and are barely surviving.
College is an investment in your education. I don't think this is taught enough in school.
The Federal loan system is also the problem. Universities get their money up-front and don't care if the student can pay it back. They can continue to increase 'administrative' costs and the students get stuck with the bills and have virtually no risk.
The risk needs to be shifted to the University. Shitty, useless, majors would be gone pretty quickly.
I know so many history, art, English, and various other liberal arts majors that have $50k+ in debt and are still scraping by. They can't find a job, can't pay off their debt, and are barely surviving.
College is an investment in your education. I don't think this is taught enough in school.
The Federal loan system is also the problem. Universities get their money up-front and don't care if the student can pay it back. They can continue to increase 'administrative' costs and the students get stuck with the bills and have virtually no risk.
The risk needs to be shifted to the University. Shitty, useless, majors would be gone pretty quickly.