It’s just not older people who’ve been screwed by the recession and the banks and bankers and financial geniuses who caused it.
Prospects for college grads really stink and it’s a lot worse if you’re in deep deep debt when you graduate.
Here’s a story in the New York Times about a young woman who owes close to $100,000 in student loans.
Ms. Munna understands this tough love, buck up, buckle-down advice. But she also badly wants to call a do-over on the last decade. “I don’t want to spend the rest of my life slaving away to pay for an education I got for four years and would happily give back,” she said. “It feels wrong to me.”
Apparently it’s a pretty common story, kids with huge debts working crap jobs. And of course, it feels wrong. Her Mom’s partly to blame. Her Mom was blinded by the big name school, too proud of her daughter, and complicit in letting her run up the debt. But there are lots of parents like that. My son goes to Yale. My daughter goes to Harvard.
So what? Who cares? Save the money and send them to a state school.
{ 2 comments… read them below or add one }
Lots of people have ‘splainin’ to do. But nobody’s really making them do it.
Really, the people who lent these kids money should be perp walked to jail IMMEDIATELY and all student debt cancelled. How cruel and unjust to force young people to mortgage their future with debt that they are too young to realize neither they nor anyone could ever pay off. What has been done to these young people who are the future of the world should be a crime. And I think the professors who reward themselves so royally have a lot of ‘splainin’ to do, too.