There is a possibility that the student loan rate will double from 3.4% to 6.8%. Are they serious with this? Years ago when I was in high school, early nineties, and yes I look a lot older than thirty three and no you do not have to remind me that the years have not been kind. But when I was in high school that had that silly statistic about how much more money you would be projected to earn over the course of a lifetime if you went to college, graduate school, etc... What no one told you is that even at that time the list must have been obsolete for twenty years!!!
A recent (yesterday) Associated Press report shows that three out of every five recent college graduates are unemployed.That doesn't even begin to scratch the surface of the ones who are underemployed flipping burgers and working the merry go round at carnivals (I love me some carnie folk!) That is 60%!!! for all of you who suck at math. An article last month stated how 12% of all new york lawyers who have passed the bar cannot find a job in the field. I can't even imagine being in the hole for 200k in student loans and not be able to find work. Yet, every plumber I know drives a Cadillac and every electician has multiple homes... something your guidence counselor forgot to mention.
If we ever intend to stay competetive with other faster growing countries we need to give our youth incentive to go to school and some light at the end of the tunnel, not doubt and a lifetime of debt. As it is, we have enough forty year olds living in the parents' basement working part time and complaing about their computer speed because they cannot access their amatuer porn fast enough...
Is it hot here or am I just crazy???
No comments:
Post a Comment