Bobwhite wrote:It probably is...cantfishforshit. wrote:I think it's holding back the economy in many areas. Tuition is increasing at 2-3 times the rate of inflation...it's laughable, if it weren't so sad.
And, it is.
And, when you agree to something important, put your signature on the bottom line... you best be careful. Read it through, and get some advice if you don't understand.
I was scared shitless when my folks co-signed on my student loan, and nothing was going to stop me from paying it back.
It was my word.
In the real world, you either keep your word... or you start making excuses.
Then... you sleep with who you are.
What about telling kids "it's worth it" and "you will easily make enough to pay this back?" Those are the kinds of things they are telling kids these days. When I read my paperwork on my loans there was no mention that congress could repeal bankruptcy protections, but they did and changed the deal. I can pay my loans, and have been, so it isn't a problem. Also, when you went to college, Bob, a person could make enough in one summer to pay for a year at the average state university. Now it would take two and a half years, not summers, years, to make enough to be able to pay that. When you went to college, tuition was reasonable, so you were able to pay it back. Now that people aren't in the same situation you were, you see things as though "I did it, why can't they?" That's not the way this works. Tuition is much higher these days than when you went to school, and that's with inflation taken into account for your tuition in todays dollars. Think about it.