[quote=walterwhite]. . . And all this emphasis on formal education, paid education, isn’t it all part of what is the next enormous bubble to burst — the student loan debt bubble? I’m about paid off on my massive debt — but i’ll be damned if i let me kids get sucked into massive debt. Isn’t that what educators wan- to prepare you for a “good college” with a hefty amount of indebtedness? Isn’t that what the system churns out?[/quote]
Completely agree, scaredy. I continually counsel my kids NOT to take out ANY student loans and help out wherever and however I can. The student-loan scam is a huge social debacle – a “failed experiment” and SO not worth it! WHO CARES if it takes a little longer than four years to get a degree?
I am acquainted with a middle-aged person who all of a sudden decided to seek a student loan for a “graduate degree.” We’re talkin’ 50-something here. What the he!! for at this late date? WHO WILL HIRE THEM UPON GRADUATION?? IMO, if they “successfully” earn their masters degree or doctorate, they’re just rendering themselves MORE unmarketable in this economy :=|. Then, they’ll be carrying their “student loans” into their retirement years – lol!
I’m not a pessimist, just a REALIST! The time where they needed to find out what they wanted to be when they grew up has PASSED . . . 25+ years ago . . . lol.
