Well, I think she's partly right. The problem is that people are not careful about the loans. they take out loans to study stuff that most people can figure out aren't in demand. There isn't a lot of demand for journalists and directors, so it was kinda dumb to take out lots of loans for something that isn't in demand. Do your homework, people. Arts, Gender/Ethnic studies and Philosophy are more or less vanity degrees unless you're like 1% of the class. The colleges are a-holes for not telling you that there's little demand for your skills in the workplace, but you didn't really think about it either. You didn't think about the day after you got the diploma, you didn't calculate how long it would take to pay back the loans, you didn't look at the demand or the pay for what you'd be doing. If you go into any loan blind to the risks, you're asking for trouble.
That said, yeah, the loans are so high that most people will be loan slaves. The cost of college is almost impossible to pay back, but without the loans you can't go to college and without college you can't get a good job.
Well, I think she's partly right. The problem is that people are not careful about the loans. they take out loans to study stuff that most people can figure out aren't in demand. There isn't a lot of demand for journalists and directors, so it was kinda dumb to take out lots of loans for something that isn't in demand. Do your homework, people. Arts, Gender/Ethnic studies and Philosophy are more or less vanity degrees unless you're like 1% of the class. The colleges are a-holes for not telling you that there's little demand for your skills in the workplace, but you didn't really think about it either. You didn't think about the day after you got the diploma, you didn't calculate how long it would take to pay back the loans, you didn't look at the demand or the pay for what you'd be doing. If you go into any loan blind to the risks, you're asking for trouble.
That said, yeah, the loans are so high that most people will be loan slaves. The cost of college is almost impossible to pay back, but without the loans you can't go to college and without college you can't get a good job.