Forgiving College Debt Won't Help Students?

http://www.cnbc.com/id/100734929?__...yahoo&doc=100734929|Forgiving College Loans W



College is too expensive, graduates can't find decent jobs and pay off their loans, and students, parents and educators all share in the blame. Now, President Barack Obama's is proposing a plan that would forgive more student loan debt -- but that will only make a bad situation worse.

More than half of recent graduates are working as waiters, taxi drivers or some other occupation that does not require a college education. The number in minimum wage jobs has doubled since 2007.

Slow growth and a tough jobs market is one reason, of course. But just as important: Too few college students choose tough majors like nursing, engineering and accounting that enjoy a robust demand for graduates. Instead, many still opt for liberal arts subjects, such as politics and history, and emerge with few practical skills subjects such as politics, history and other liberal arts, and emerge with few practical skills for the working world.

Good jobs abound for technicians in health care, computers and other fields, and the Labor Department finds most rapidly growing occupations don't require a bachelor's degree. However, parents fear their children, without a four-year diploma, will lack the flexibility to navigate a lifetime of changing conditions.
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I saw forgive the debt depending if you are working for a nonprofit entity and the major.

 

YESSSS!!! I work for a non-profit. Hope this is true

 

then you maybe interested in this program


http://www.studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service

 

Hell no. Stop bending the damn rules for people.

Bailing out the banks... Forgiving college debt... Letting criminals off.... Enough of this shit.

What about those kids who made good choices and paid off their debts for years and have one payment left? Not fair to them at all.

Should be one set of rules for all people. Stop making it up as you go along.

If we would focus instead on making things safe and fair -- ie. FREE or AFFORDABLE education, break up the damn banks, raise taxes on the damn rich, etc. etc. it would solve problems better than these bandaid solutions.

 

rules change all the time....the constitution, football (football added the intant play rule, added a longer season) , basketball (24 second clock, the three point line and others) ect......why not change.

have to change with the times

 

Good lookin cuzzy. Now I'm definitely gonna pursue my PhD. My outstanding loans was the only reason I wasn't going to do it. YESSSS!!!!

 

Change in a sustainable way then. Don't bend the rules to solve the problem. Just make education more affordable. or FREE in fact, now that the technology makes it so efficient.

Someone has to pay for that debt that we forgive. It's just not the right way.

 

To be fair that shit should have never been that expensive in the first place. Tuition should have never been equal to a family's yearly salary so a certain amount being forgiven is fair especially when you think of how predatory that shit is. A 18 19 year old kid has no concept of how heavy a burden a 100k loan can be but they are enticed to sign on the dotted line because going to college was drilled into their head since they were in the womb. Banks and colleges shouldn't be making money off of their ignorance especially off of education. Does everything in this tricking world need to be for profit? It just makes them slaves for a decade of more.

 

Very true. And even if it's not drilled into their head, the peer/societal pressure and/or fear of not earning decent money is as effective.

 

Yes and Yes.

 

That's true.. But forgiving the loans treats the symptom rather than the disease. The banks are going to get paid no matter what, leaving you and me with the bill.

Letting the kids off (in some cases, not others), bailing out companies (in some cases, not others), letting crooks off (in some cases, not others) threatens the integrity of the whole system.

Who gets to pick and choose? If it's me, it's okay :smt003

And as u.s. college students are paying an arm and a leg for a bogus degree, because Boehner et al don't want education subsidized and affordable, china and india are pumping out hungry, hungry engineers and other competitive professionals like nobody's business.

Right-wingers talk a lot about patriotism, but I don't think they really care much about the future of this country. They only care about the "multinationals"

 

well stated. what trips me out is that they give all kinds of grants for people from foreign countries but the kjids here are suffering

 

I agree with free/affordable college,but forginving student debt just once wouldn't hurt. Sallie Mae needs to be revamped or completely done away with.

 

yeah, t would help the economy.