[quote=AN]First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan?…[/quote]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).
[quote=AN]I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.[/quote]
I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.
I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary!
