COLLEGE JOBS TO PAY OFF STUDENT LOANS
March 5, 2010 – 2:27 pmIt used to be that college was accepted as the preferred choice for any and every young person. If you want to succeed in life, college was a must everyone said. Have you ever heard the saying “they can never take your education away from you”?
Well it seems things may have changed in the last 15 to 20 years as the cost of a good college (and all colleges) has gone through the roof. If you want to read a nightmare story about a girl with over $200,000 in college loans you can take a look at this article here.
The question must be asked at what point does a college education actually become counterproductive and actually a bad thing? That girl may never pay off those loans and she may be in debt for the rest of her life with a degree that won’t make her much money even if she does decide to pursue a job in that field. Being in debt is bad no matter what kind of debt it is and that is the problem with our economy and country right now: we are all in debt!
The reason jobs for college students are so hard to find is because the economy is crumbling. Our United States government is in more debt than ever before and it is effecting all facets of business with no end in sight.
President Obama has proposed taking the student loan system out of the hands of private industry and having all loans go through the government. His reasoning is that the government can give students a lower interest rate than private companies and thus make it easier for them to pay off their loans. However, that does nothing for the absolutely out of control prices of a college education nowadays.
Since when is worth it to pay upwards of $100,000 just to get a degree? All that money just to get a degree that you may never use and then be released into a world where there are no jobs? Students used to be able to get a college job and be able to work their way though college and pay everything off in a year or two. Now, if you can get a job in college, you are probably only covering room and board and not able to make any dent into the loan itself. That loan will have to wait until you graduate and get a job (if you can get one) and it may take ten, twenty, or even thirty years to pay off.
College costs HAVE to come down and they have to come down now. If we want to have the younger generations be competitive with the rest of the world, college has to be affordable. Right now it is no where near affordable and that has to change.
