Quote:
Originally Posted by OrangeBlossomBaby
Student loans are under the oversight of the government. Due to change in cost of living and value of jobs, more graduates are finding themselves unable to cover the costs of their loans. More people working - sure. More people working and able to pay their bills? No. More people working, unable to pay their bills, and don't qualify for government handouts? No, but that's coming. Soon there will be millions of people who graduated from college who can't pay their bills, who are working, and need government help to stay nourished, housed, clothed, kept warm/cool (depending on climate where they live), and safe. We're already seeing this now, and there are kids who can't afford to live in a dorm or an apartment so they're living out of their cars while attending college. This is our generation's legacy to the generations who will some day run our country.
I hope they do better than we did.
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The basic problem is some people go through life making an unending stream of poor choices and bleeding hearts expect the hard working, productive folks who reasoned out their choices, planned, applied themselves, sacrificed and succeeded to financially carry the no-goods.
Now if a terrible accident, other tragedy, serious illness or the like takes one out then I feel the government should help them out.
But if a young person wastes his/her time in college, partying too much, taking underwater basketweaving instead of serious coursework that will lead to good employment opportunities on borrowed money, they should be required to pay the loans back, not the taxpayers.