U.S. poised to forgive $108 billion in student debt.

[Post Mortem]

Do I get my money back?

 

[CableandThanos]

Here's the thing, I'm not even disagreeing with you here. I'm directly talking about why people choose to go to certain schools, regardless of the price. I read an article similar in the Washington post btw. But there is a common notion going away to school is a big deal. Millions of students do it every year. And it seems to be instilled even at the high school level. "Your alma mater counts." Parents say it as well. I don't think the high school advisors are pushing the Washington post article or yours from Time.

Now onto your point about CC. I don't think going to a good community school is a bad thing at all. I think that it has its place, plus the savings is always a big benefit. I'm in New Jersey and there is a very good community school here in Bergen county. It's highly rated. BUT if you get accepted by a good out of state school you're gonna take that opportunity.

I figured we agreed but were talking around each other, LOL

I think that is part of the problem, is that kids have it in their head that they need to go to some prestigious college to get a good job. When for 99% of the kids, that is not the case. Also kids should do a better job of thinking things through. I can go to ... and have to take loans for $50,000 that I have to repay, or I can go local, stay with mom and dad and maybe have $15,000.

Yes i know everyone can't stay with mom and dad, but there is a good portion that can and choose not to.

I think it is just stupid for the kid and the parents to let the kid travel 3 states over, run up $50,000 in debt, get a degree in a BS field, and start out life $50,000 in debt?

I really have to question the intelligence of both the parents and the child.

I also wonder how much of this will change with more and more online classes.

 

[streets ahead]

How about the government stops backing student loans and makes student debt clearable by bunkruptcy?

 

[Seano]

How about the government stops backing student loans and makes student debt clearable by bunkruptcy?

How about people just pay off their loans?

 

[streets ahead]

How about people just pay off their loans?

What I suggested would actually put downward pressure on education costs. If colleges aren't guaranteed money they just might lower their cost. Right now they have no motivation to lower costs.