The Cellar - View Single Post

xoxoxoBruce · 03-05-2014, 12:18 PM

What do you want to be when you grow up?
If the answer is... 'I don't know, I'll figure it out when I get to college', alarm bells should be going off.
College debt can be a case of buyer's remorse having a huge impact on your quality of life for a very long time.

For a long time now, most parents have had the goal of the kid going to college, assuming with a degree the kid would at least be able to get job good enough to maintain a middle class lifestyle. Or, "I was they first in my family/clan/village/coven, to go to college and as god is my witness my kids will too."
That attitude has fed the price increase of the parchment, and the whole student loan/financing shark business, for those that can't quite grab the golden ring without help.

College loans have suffered the same fate as the rest of the credit market, and some people have fallen for it.
Easy credit, you said It!
Hurry hurry, hurry, step right up, today only... no money down, no payments for 3 months, low monthly payments.
Whatcha need Bubba, 10, 20, 30 years... sign here... blood thumbprint there.

Others tried to game the system and got trapped when the law was changed so they couldn't bail out with bankruptcy.

It's time for parents to step up and educate their kids about the alternate vocations, opportunities and career paths, where college wouldn't be the appropriate choice. If they choose to pursue something needing a degree, no problem, less chance its being wasted.
Let your kids know enough about the employment world to make an educated guess... but wait, what do you know about various vocations and how a kid would get there? Do you live in a white collar world where you haven't got a clue who makes the world around you work every day and how? Do you live in a blue collar world where everything is controlled by some faceless suit? No wonder the kid can't figure it out till they get to college.

The Catch22 here, is there will be a surplus of underemployed graduates for some time, and employers that will require a degree to even apply for that janitor, local truck driver, assistant helper, job.

03-05-2014, 12:18 PM	#30
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	What do you want to be when you grow up? If the answer is... 'I don't know, I'll figure it out when I get to college', alarm bells should be going off. College debt can be a case of buyer's remorse having a huge impact on your quality of life for a very long time. For a long time now, most parents have had the goal of the kid going to college, assuming with a degree the kid would at least be able to get job good enough to maintain a middle class lifestyle. Or, "I was they first in my family/clan/village/coven, to go to college and as god is my witness my kids will too." That attitude has fed the price increase of the parchment, and the whole student loan/financing shark business, for those that can't quite grab the golden ring without help. College loans have suffered the same fate as the rest of the credit market, and some people have fallen for it. Easy credit, you said It! Hurry hurry, hurry, step right up, today only... no money down, no payments for 3 months, low monthly payments. Whatcha need Bubba, 10, 20, 30 years... sign here... blood thumbprint there. Others tried to game the system and got trapped when the law was changed so they couldn't bail out with bankruptcy. It's time for parents to step up and educate their kids about the alternate vocations, opportunities and career paths, where college wouldn't be the appropriate choice. If they choose to pursue something needing a degree, no problem, less chance its being wasted. Let your kids know enough about the employment world to make an educated guess... but wait, what do you know about various vocations and how a kid would get there? Do you live in a white collar world where you haven't got a clue who makes the world around you work every day and how? Do you live in a blue collar world where everything is controlled by some faceless suit? No wonder the kid can't figure it out till they get to college. The Catch22 here, is there will be a surplus of underemployed graduates for some time, and employers that will require a degree to even apply for that janitor, local truck driver, assistant helper, job. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.