Student Loan Debt

[Alpha]

This is an article about student loan debt.  I don't know that it contains any new ideas in it but it seems to emphasize the wisdom of thinking ahead and imagining how you're going to come up with all that money once it's time to start making payments.
Here's What I Wish Someone Told Me Before I Racked Up $180,000 In Student Loan Debt | HuffPost null

[bjcheung77]

Oh, in regards to student loan debt, I just ran across an article... $415 million debt cancelled!
Link: https://www.msn.com/en-us/news/us/studen...d=msedgntp

[ss20ts]

What really needs to be revisited is the interest rates. They're sky high. Far more than a mortgage or car loan. I had some that are at 9% and these are all from the US Department of Education. None are private loans. They've even consolidated. The interest alone is more than my loans originally were. The interest is brutal.

[LevelUP]

What really needs to be revisited is the interest rates. They're sky high. Far more than a mortgage or car loan. I had some that are at 9% and these are all from the US Department of Education. None are private loans. They've even beeb consolidated. The interest alone is more than my loans originally were. The interest is brutal.

We can debate the exact number, but I think student loans should have a flat rate of 3%, which sounds fair.

The govt can issue 30yr bonds at low rates, so they should guarantee low interest on student debt at least for the next 20 years.

I would force all schools including Harvard to accept at a minimum of 30 AP/CLEP/DSST credits if they want to offer student loans.  Harvard does currently accept some AP/CLEP credit though not quite 30 credits. 

Getting college down to 3 years instead of 4 is a start to reducing the cost.

[Alpha]

Here's another summary that focuses primarily on the DeVry angle
Education Department says DeVry University defrauded students : NPR

[cardiacclep]

What really needs to be revisited is the interest rates. They're sky high. Far more than a mortgage or car loan. I had some that are at 9% and these are all from the US Department of Education. None are private loans. They've even consolidated. The interest alone is more than my loans originally were. The interest is brutal.

This. Interest rates never seem to take center stage in the student debt debate. It is the interest rates that get people. Usury really.

[ss20ts]

What really needs to be revisited is the interest rates. They're sky high. Far more than a mortgage or car loan. I had some that are at 9% and these are all from the US Department of Education. None are private loans. They've even consolidated. The interest alone is more than my loans originally were. The interest is brutal.

This. Interest rates never seem to take center stage in the student debt debate. It is the interest rates that get people. Usury really.

I wonder why no one talks about the interest rate. Few people graduate in 4 years. By the time you complete 6 years which is pretty common your interest on an unsub loan is already compounded and high. It just keeps growing until it's paid off 100%.

[Ideas]

Many college grads seem to have trouble finding a job as well (besides the jobs they could have gotten before going to college). I am reading that some try for over 6 months or a year and then accept something sub-par.

[Xyxyfendz]

I'm very afraid that I won't find the job I can juggle with studies and this aspect stops me from applying to college. I know nothing about the workload, I can't assess the amount of time necessary for doing my assignments, etc. It makes me disappointed.

[rachel83az]

I'm very afraid that I won't find the job I can juggle with studies and this aspect stops me from applying to college. I know nothing about the workload, I can't assess the amount of time necessary for doing my assignments, etc. It makes me disappointed.

At least for the schools we recommend on this forum, the workload is relatively light and/or can be adjusted to fit your schedule.