Quote:
Originally Posted by Velvet
Well if this thread is solely about money, then we need to consider the real cost of higher education. It is not only the tuition fees, residence and living expenses, it is also the foregone income. Assuming a job after 2 years of college, one starts to earn a salary, compared to 4 years for BA, 2 years for MA, then professional certification, or residency etc or 6 years for PhD (which is the norm in my field) in some it can be only 4 years. So at least 8 years of foregone income should be added to the direct expenses to calculate the true price of education.
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I am the OP and this thread is NOT "...solely about money...".
It is about responsibility and honoring one's commitment...AS AGREED TO AND SIGNED FOR.....
Most of what we hear about is how unfair it is to expect people to to be burdened with such unreasonable education debt.
It was certainly not unreasonable when the agreed with the criteria to get the money.
It is a shame the responsibility has been politicized and now makes the obligation a selective decision.....with no penalty.
Too many of us have been in similar financially burdened times during those early years post graduation.....and made the right choices where and how/how not to spend our precious financial resources to MAKE SURE WE MET THE AGREED TO FINANCIAL OBLIGATION.
There is no excuse to default on the loans and the government pick up the tab.
We are becoming more and more tolerant of selective application of laws and obligations.