Student debt expert: Parents are going to live with their kids’ debt until they die

48 thoughts on “Student debt expert: Parents are going to live with their kids’ debt until they die”

1. This tuition scam should be illegal. America is the only advanced country to let it happen. Such a joke.

2. I admit I feel sorry for a lot of college graduates saddled with student loan debt. However, many of these people were also misguided. It didn't matter if they went to a for profit college, a state college or a prestige university like Harvard or Cornell. They were told once they graduate they'd have a good job and not to worry about their student loan debt. But as we all know, no debt is good debt.

3. Not mine. I have to pay it myself.

4. America's theiving greed depends on that college debt ..sounds like college is a huge "SCAM" in America …pay for school then graduate with huge huge debt ..and know job in sight …America boooooo …

5. just give your money to me and in the 4 years you go to school , i will turn your money into millions
   when VISA came out as an IPO , i told people that wanted to go to college to buy it , and look at where VISA is now , ticker V , see the difference in the decision , you come out with debt , and i will make hundreds of thousands, in the 4 years , i swear , doesn't anybody have a financial education

6. I was able to pay my debts effortlessly after my investment contract with Ryan hans. There’s more to crypto trading than most of us knew. I earn roughly $ 1300 a week with Ryans’ strategies

7. "Schools have taken advantage of this hopefulness"

8. Go to free tuition college if you want to save money on college. However, most of them are small schools. We have 40+ accredited free tuition colleges. They have actual majors too like English, biology, engineering, etc. Ex’s:Berea College, barclay college, college of the ozarks, Alice Lloyd college, etc.

9. I think kids are selfish that watch their parents get into this debt for them, and don't help them pay it off after they graduate.

10. College is one of those thing that you have to consider is it worth it or not cause let me tell you how many people I know that went to college and are in debt with no job and just working to pay it off don’t get fool by looking at Instagram at those rich people a lot of them came from already parents that have the money to pay for it so they able to afford a different lifestyle when they are finish .

11. Don't see why the parents should have to shoulder the load. They paid for the kids to get their college degree, so when the kids get that high paying job in the interpretive dance field or open that creative basket weaving business they should be able to pay back the loans.

12. Ever consider the first 2 years at a community college for a MUCH cheaper cost and the kid living at home? These idiots earned this debt and deserve to be buried for the rest of their life. Just plain STUPID. The "play now, pay later" mentality. How's that all working out for everyone ? Next.

13. If give my degree back if I could get a refund

14. The 20 year war we just ended, only to possibly restart… would have paid for everyone’s education… what a novel idea.

15. College never use to be that expensive, my friends grandparents had a job while in college and paid off his student loan. When the government got involved, college tuition went up like 300 folds.

16. I went to college and I don’t have any debt

17. State University

18. Umm in reality children are going to grow up and have to live with the mistakes their parents generations have committed such as the destruction of the environment, societal corruption and heavy pollution. That's a debt worse than money. Don't blame the kids. Blame the previous generations for not doing enough.

19. Get certificate instead of going to get undergrad degree.

20. 46% of student debt is for graduate degrees. Why is the taxpayer going to bail out potential high earners who are smart enough to make the decision to get an advanced degree or not and assume that risk? Don't support any politician who supports this like AOC or Biden!! Speak out against this attempt to buy votes.

21. the hell we are, dont get in this situation in the 1st place.

22. Honestly, just make the interest more akin to repaying a mortgage. Asking for student debt to cancelled seems like a big ask to the tax payers – why not make repaying the debt, not just servicing the debt, more feasible. The difference, in the long run, in a 2 or 3 percent interest rate versus 7 percent is huge. Most people with student loans struggle with the compounding interest, not an issue with paying the principal (which they shouldn’t given that they used those funds in the first place).

23. It's hard to pay off student loan debt when you work at Starbucks 🤣🤣🤣🤣🤣🤣🤣🤣

24. Startle the US future with debt in the name of capitalism. Loving it. Hope it keeps rising 20% yearly.

25. College is over rated

26. My husband and I have five children and have a 6 figure income and none of us went to the university. I did community college and he went the trade route and took a 15-month trade school certificate program…
    Unless you're going into a specified field that absolute requires years of training like those in the medical profession or legal profession, there's not many jobs that truly needs 4-6 years in college and 100k of debt..

    My husband now runs a dealership and says the greatest teacher is Hands-On learning and lived experience. He wants his guys to be moldable and teachable and not some cocky kid who thinks they know everything because they have a degree..
    With that said, what most degrees degrees have done is brainwashed a lot of our children into thinking the world owes them and everyone is a victim.

27. We need 1 free (at the point of service) state school per state. that acts as a weight to prevent costs from rising.

28. We’re paying all of these tuition and fees but schools have no way to assist us to get a job. So many BS programs and BS CLASSES added to a major/concentration that are not needed. It seems as if they want us to continue to go to school (a trap) and pressure to get a Master’s so we can “specialize” in a career field when a Bachelor’s degree should be enough. Enough of these BS theories in classes and just give us skills and appropriate knowledge on how to specialize.

29. Government could help out the people and do something about this. But nah they seem marginally interested

30. Instead tax blue-collar workers to pay for your child's Gender Studies degree? LMAO

31. I paid off my student loans in 2019. Such a good relief. Had plenty of IT jobs after graduation. Currently furloughed and have been applying to jobs left and right. Hopefully will get an offer soon. College does not guarantee anything. You have to constantly learn new skills outside of college to move ahead in life.

32. If we banned student loans, colleges wouldn't be able to charge as much.

33. We need a great default on this student loan debt. Maybe then we can have free college like other countries.

34. We'll loose out on a whole lot of we start only letting people take classes that have a supposedly high chance of making money. We'd be better if restricting what schools are allowed to charge. If you look at these schools many have seen say a 30% increase in teaching staff over so many years while getting a massive increase in administrative jobs. Greed is running these schools into the ground. The president at my university makes 600k a year with a 60k/year increase and he also writes himself a 100k bonus every year it's pure greed and corruption salaries should have caps on them.

35. I owe 250k and have a degree communication. Help me 😂

36. Every teacher for 12 years of my life told me go to college or live in poverty… I bought my first house at 26. I mow lawns

37. Anything the government touches is crap and creates grief 😑

38. Go to trade school instead

39. Education is a trap and it is not worth the debt grave yard

40. Education should not be allowed to put us in financial grave yards

41. I'm gonna die with student loan debt 😒. 60 grand in student loan debt. I'm screwed and can't afford anything 😪

42. There is a way for parents to avoid taking on student loan debt …. They can just NOT sign up for the loans. Tell your kids to work and go to a school they can afford. Maybe that’s a community college. Oh well.

    Nobody gives two shits where you went to school. They care about your skill set and your experience. You can get an affordable degree, it might just not be at your dream institution with an awesome football program.

43. It's the students fault for financing the loan. You knew the terms when you signed the paper. Your business decisions were poor. Don't cry about it now. And don't leave out all the welfare FASFA queens blowing their student loan money on crack and nail polish. Yeah we aren't paying for you 🤣

44. They won’t let your kids get all loans in there name

45. I have 25 years to pay back am 57 years old

46. My parents are not willing to 'pick up the slack paying for my student debt' yet they wanted me to go to college on top of taking out a loan to get a new car. There goes my future…..

47. University is only really worth it when you get scholarships , so you can pay for most of your tuition while you’re still in school. Community college is the way to go if don’t get good financial aid

48. Murica!

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