Think you can get rid of your student loan payment – think again and use college logic this time

In fact, I find it quite fascinating that politicians tell us that the answer to our challenges and economics, the answer to jobs is more training and more university studies. That does not appear to be the case in other parts of the world where they have worked very hard to educate all graduating high school students. There are several nations now with highly educated populations, but they still have the same job unemployment problem that we have in the United States right now.

So I don’t think employment is necessarily guaranteed with a college degree, in fact I think research shows that it is not. However, the academic world also tells us, which is actually quite convenient, that if you go to school you will be more prepared for a job and better suited for high-level jobs, good jobs that come with good benefits. Still, we are seeing the benefits wane as health care costs increase at a tremendous rate. In fact, the only thing that is rising faster than health care costs is college tuition; Isn’t that ironic?

But still, they say that college is a must, and therefore many students have to borrow money in student loans to get that college education, and because there are so many people borrowing money, colleges don’t have to cut back. Tuition costs due to supply and demand therefore keep increasing costs without reducing your own benefits or reducing your own inherited costs. As it stands now, our colleges and universities are not financially sustainable and isn’t it ironic that these same people are advising our government on how to run our economy?

Before applying for a $ 100,000 student loan to get a degree, you might wonder if that industry will exist by the time you graduate, especially considering how fast the business world is evolving and how many new technologies are arriving on the scene. each and every year. All this disruption is making the concept of a guaranteed job quite elusive. And don’t think that if you get a student loan, you can default and default.

It used to be that college law students would graduate from college, use their law degree to file for bankruptcy, and get out of student loans. The government changed that by making it nearly impossible to pay off that debt, and now if you have outstanding student loans, you can’t get additional money from the government, and they will eventually take it out of your Social Security check, that is, if they don’t. Do not collect your personal property before then using debt collection agencies. Oh, you didn’t know about that, did you?

There was an interesting article in the New York Times on September 9, 2012 titled; “Degrees of Debt – Debt Collectors Profiting from the Student Loan Summary”, by Andrew Martin, who stated; “Last year, the Department of Education paid $ 1.4 billion to collection agencies to go after defaulters, a group that includes nearly one in six borrowers with a loan balance.”

You see, the problem with borrowing money is that you have to pay it back. Of course, many of these kids don’t understand economics because they don’t teach high school these days. Also, you can tell by the way they vote that they don’t understand how to balance a checkbook or why the federal government shouldn’t spend in deficit. Not only does the government owe money, but all of these college students owe money too, and they believe that they can somehow slip away or get away from this debt. It’s not going to happen. Consider all of this and think about it.