Student Debt vs Graduate Jobs

[callmeslick]

Since the sequester will be passed. You can forget about student loans. They're a thing of the past.

Great day huh Pud?

don't get too carried away, Buzz....this thing will only last until the heat cracks the GOP, again. Another couple of Boehner cave-ins and the sequester will be history.

[Pudfark]

NO DEAL: Bid To Stop Sequester Fails

Not Today...Which still makes this...A Great Day

[Pudfark]

Check this out Slick & Buzz...might wanna wash yer feet first...

Delinquencies On Student Loans Surpass Those On Credit Card Debt

Those who have been following our year-long series exposing the student debt bubble are by now well aware that this latest $1 trillion+ reincarnation of subprime will have a very unhappy ending. Which is why today's release of the quarterly Fed report on household debt and credit will hold few surprises for them. There is however, one data point which is notable: as of December 31, 2012, the soaring delinquency rate on student loans (first reported here, and subsequently confirmed by the Fed itself), has surpassed that of credit card debt.

More on this here: http://www.zerohedge.com/news/2013-02-2 ... -card-debt

Y'alls turn....

[callmeslick]

so, because there are delinquencies(bum economies for a few years will do this), student loans are bad? Education is bad? What is the point, Pud?

[Pudfark]

The point...my deliberately dull minded friend, is what I've said this whole thread.

There is no feasible point in "indebting" oneself, without the reasonable assurance one can pay off that debt. To ignore that is to harm yourself and others for the future. You profess/claim to have an education and yet, you say, you don't get it. Well, historically here, that's always what you say....when proven wrong.

[callmeslick]

life is long, education is forever. Anyone, I repeat, ANYONE who advocates that getting a college education is wrong is delusional.

[Reservoir_Dog]

Yeah, let them all stay stupid like you with no education.

[Pudfark]

life is long, education is forever. Anyone, I repeat, ANYONE who advocates that getting a college education is wrong is delusional.

Well, you'd be an example of it. You fail to acknowledge the "financial responsibility" involved. If a person can reasonably pay the bill, they should go. If they can't, they shouldn't. If they take yer advice? You should pay for it, I don't mind.

So.....what percentage of the folks digging and laying the pipe for the Keystone Job should be educated? Should the dude at "BurgerDouche" have a 401K and a University level education in Advanced Burger Flipp'n?

Maybe, I'd agree with ya....If folks were being educated, traditionally.
They aren't and it's a tell. I don't owe anybody an education beyond what I currently pay in taxes. Certainly not, an education exceeding HS standards.

You'd have a better argument, if you accepted sole financial responsibility for your theory. You and Yours don't do that because logically, especially at this juncture, it's a certain fail. So fix the economy, add a bunch of jobs and then I'd be hard pressed to disagree with ya.

[Buzz]

What's your plan for a kid who just got out of high school, and the family can't pay for college? Should he just give up and go work for McDonald's?

[Barfly]

What's your plan for a kid who just got out of high school, and the family can't pay for college? Should he just give up and go work for McDonald's?

Yes if he is not self motivated to become a skilled worker, he can flip burgers for minimal pay. Or he could take the initiative to develop some kind of skill, like a normal person (the old normal?). We have a shortage of skilled workers in the US, which is part of the reason jobs go overseas. Not just technical specialties that start with a college degree.... there is always a shortage of medical professionals at every level of expertise and education, you can get in at whatever level you can afford and work your way up. Become some kind of mechanic, CNC machine operator and on and on and on.

If my father couldn't have afforded my college tuition, I was going to start at a technical school or the Army. There's lots of things a young inexperienced person can do to advance themselves without collective handouts, which you are advocating.