America’s Student Debt Crisis - Marvin's Story

[Mr Rager]

If you cannot obtain a scholarship, you should not be attending college in the first place.

People knew what they were getting into when taking out those loans. No-one made them take out those loans so I don't understand why they are always complaining over getting into debt they placed themselves into?

Did their high schools not have a course in finance?

Did their college-prep counselors not at least get them put on to scholarships?

Dont be dense. The mantra in high schools is that they are preparing you for college. Implying that college SHOULD be the next step. At no point in time do they explain to you how student loans work. So kids (remember we're talking 17 and 18 year olds) take these loans because they're "supposed" to go to college.

 

[EndDomination]

He was an athlete...

I had a cousin just like that.
But he also should have kept his grades up.
Athletes can have decent grades, you can get a solid scholarship to Kent with like a 3.3 and a 25 ACT, especially if you’re working-class or poor, Black, and have a semi-interesting story.

 

[EndDomination]

Dont be dense. The mantra in high schools is that they are preparing you for college. Implying that college SHOULD be the next step. At no point in time do they explain to you how student loans work. So kids (remember we're talking 17 and 18 year olds) take these loans because they're "supposed" to go to college.

Many high schools do.
There are in-school organizations that inform students about loans, and college finance (like CollegeNow), there ar also high school counselors, parents, and the massive wealth of information available online.
Not to mention a good chunk of Senior Seminar classes also talk about it.

I don’t like it being portrayed as if students are completely helpless going into college, or that schools aren’t active.

Even moreso, a lot of students have the resources and willingly ignore them and not heed their advice. There was another article about this young woman who took out the full amount to go to NYU and was crying about the immense debt she was under when there were local state universities that cost 1/10 of what she paid.

 

[Anerdyblackguy]

I don’t think a lot of people watched the whole video. Long story short he’ll be fine as he entered in the U.S loan forgiveness program, add the fact he’s in Atlanta, and he should be fine.

 

[Anerdyblackguy]

If you cannot obtain a scholarship, you should not be attending college in the first place.

People knew what they were getting into when taking out those loans. No-one made them take out those loans so I don't understand why they are always complaining over getting into debt they placed themselves into?

Did their high schools not have a course in finance?

Did their college-prep counselors not at least get them put on to scholarships?

You didn’t watch the whole video.

He did get a scholarship ( track&field) and his back was severely injured.

He didn’t know what he was getting into because he was a full time athlete.

Just watch the video.

 

[Field Marshall Bradley]

n’t like it being portrayed as if students are completely helpless going into college, or that schools aren’t active.

Even moreso, a lot of students have the resources and willingly ignore them and not heed their advice

These are still kids with no life experience whom most wont understand the financial obligation they are committing too. They simply don’t have the life experiences to draw from.... hence the financial loan bubble we have today....

College does a great job of marketing to kids idealism....

 

[badtguy]

Tbh lot of yall coli nikkas full of shyt. I went to college graduated and i'm doing better than 98% of the people i know that didnt go to college. worked a blue collar job through college driving forklifts, lumber, concrete , back pain, cut hands, tired after work, no social life because I got off late or was too tired to go out- wasnt worth it under 25 was not good.

Most people don't want jobs with manual labor- I don't blame them. Most people working without degree are not making up to $60k. So the probability of making more money is obviously more likely among degree holders.

Almost every person I know thats 30+ without a degree is regretting not going straight to college. College debt doesn't mean shyt when you're making $100,000+ to consult sit at computer and have meetings all day. 10% of income isn't that much.

 

[Mr Rager]

Many high schools do.
There are in-school organizations that inform students about loans, and college finance (like CollegeNow), there ar also high school counselors, parents, and the massive wealth of information available online.
Not to mention a good chunk of Senior Seminar classes also talk about it.

I don’t like it being portrayed as if students are completely helpless going into college, or that schools aren’t active.

Even moreso, a lot of students have the resources and willingly ignore them and not heed their advice. There was another article about this young woman who took out the full amount to go to NYU and was crying about the immense debt she was under when there were local state universities that cost 1/10 of what she paid.

Well I can tell you for a fact that majority black high schools in the southeast didn't offer college finance education 10 years ago

Hope its changed

 

[CreepyMcCreeperson]

I think the black community needs more people in trades. Plummers, electricians, heating and cooling, mechanics, dental assistants

College is good for kids who put the work in during high school, but trades are better than just getting a decent job out of high school without skills.

 

[Lord_nikon]

I don’t think a lot of people watched the whole video. Long story short he’ll be fine as he entered in the U.S loan forgiveness program, add the fact he’s in Atlanta, and he should be fine.

He may still have to go back to school for another degree in something that pays, The only profession I know that would over look that mediocre degree is Sale rep and job recruiters

 

[Lord_nikon]

University was never a scam. Its just that undeserving people started wanting to get into university for the wrong reasons.

You attend college because you want to study a certain field you're passionate about or have some intellectual curiosity about, and can afford. Not because you want a job.

 

[Lord_nikon]

What other options are there besides not getting a college degree...

.

You must THINK and become a crafty motherfukker


1.Go to a trade school first or apply for a entry level job that requires a HS diploma, most major employers have tuition reimbursement.

2. attend a community college first and get your associate's degree

 

[EndDomination]

I think the black community needs more people in trades. Plummers, electricians, heating and cooling, mechanics, dental assistants

College is good for kids who put the work in during high school, but trades are better than just getting a decent job out of high school without skills.

I think we need more of both, to be honest.
A lot of discussions about college education make it seem like high schools are just pumping kids off to college, but for Black kids, a huge chunk of them aren't going into college (community or four-year) or trades. An even smaller percentage actually graduate from that cohort, and an even smaller percentage graduate with a moderately good GPA, in a marketable major, or with any experience.

There definitely should be a push for employment in the trades though. Especially in masonry, mechanics (outside of auto mechanics), welding, electricians, etc. like you said.