Are you guys for cancelling debts? ...What about the kids that paid them off, should they be reimbursed?Exactly. If you can't stand the heat, get out of the kitchen.
Having a thick skin is a requirement if you're going to post in a forum like this one. Right or wrong, getting blasted for your takes is the way this game is played
Once upon a time, a needy kid could get financial aid in the form of grants and gift aid order to go to college. Then, colleges and universities began putting together 'affordable' aid packages replacing grants and gift aid with student loans. Today's young adults (ages 25 to 34) carry over $500 billion in loan debt, breaking down to between $10,000 to $40,000 per person. As Joe says, it's very easy to sit back and say, 'these kids are too lazy to buy home.' The fact is, the majority of them have been carrying a 'home mortgage worth' of debt since they graduated -- or left -- college.
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Going back and earlier in the process, what caused kids to attend such expensive schools? ...where were the parents/guardians in this process? Aren't they required to sign as well? ...I don't blame kids, as much as the adults that should be influencing their development as decision makers. They should be held liable.
Thoughts?