I'm at work and people here mad at this purely off of the fact that is wasn't around when they went to school and they have to pay student loans
I told them it is only 2 years at a community college. They will either have a certificate of completing courses or an associates degree....in which, they will still have to go to college and get a bachelor's degree of some sort. They will have to either get a job with said associate's degree or...get loans/grants just like they did.
The issue is not everyone qualifies for all grants/loans/scholarships that are out there, and some aren't around the proper people to get them to the free money that they could be getting as well.
I told them that one could tell them that they should've looked harder for the free money and it is their own fault that they have student loans in the first place.
Out of all the things this country spends/wastes money on, I am not going to go against trying to provide education to anyone in the US that actually wants to improve themselves in that area. But it was ok to bail out multi-billion dollar car manufacturers though?
My family consists primarily of DoD workers and/or teachers & principals, so I see the education shortcomings and issues and also the wasteful spending with the gov't.
Along with that though....student loans are outrageous and make many younger people feel like they will never break free of them. Some look at them as another mortgage loan in the essence that it is a 30-yr loan :x
My wife has some (like ~30k) and before she found her job after school it was a few months. Even then, she just took a bank job to have something coming in. She was making like ~28k and they wanted her to pay $800/month :x . They even denied her economic hardship claims and did not even consider the fact that she needed to pay for the basics in life (transportation, groceries, place to live, etc).
We have another friend who went to law school and is a lawyer now....she is in the $150k+ range for student loan debt! They wanted her to pay ~$1600 range a month. That seriously is a mortgage payment right there. Her only saving grace is that she can be a state employee for 10 years and they will pay off the debt for her. She is a lawyer for a county....the only downside to this....the year that they pay of her loans, it will appear on her taxes as if she received this money as a "bonus", so she will have to claim it basically as a lottery payment from what they have told her. She is still going to have to pay taxes on that student loan payment