DaChampIsHere
Survive the drought
One thing I think people need to understand about college:
It is an investment in which you are (most people are) expecting to change their economic status, as with any large investment.
Think about starting a business: You need a good amount of capital/assets to get started, but we also know that the failure rate for starting businesses is high, meaning that the chances that you won't see a return are high.
But at the end of the day, I think it's pretty much understood in both situations that you are taking on a "risk" when you sign on that dotted line, in hopes of bettering your economic position. For many, the purpose of both processes is to propel you into a different economic level and with both there is a risk. The people who usually "hurt" the most from the loans have to understand that (I hope this doesn't sound bad) certain things are specialized for certain economic levels and meant to stay that way (not saying I feel this way, but if you look at the way things are designed in this economic system). Back in the day, you didn't have a lot of people really choosing education, over the manual labor jobs that their parents had. The economy is still trying to adjust to that readjustment of social roles/expectations
So, I think people really do too much when trying to "demonize" student loans. It's just like any other business risk. No one demonizes starting your own business even though the success rate is very low, lower than your chances of not finding a job within 6 months of graduation.
Yes, it is a tough pill to swallow when you have to learn that lesson at the age of 21-25, but that doesn't make it a bad thing.
It is an investment in which you are (most people are) expecting to change their economic status, as with any large investment.
Think about starting a business: You need a good amount of capital/assets to get started, but we also know that the failure rate for starting businesses is high, meaning that the chances that you won't see a return are high.
But at the end of the day, I think it's pretty much understood in both situations that you are taking on a "risk" when you sign on that dotted line, in hopes of bettering your economic position. For many, the purpose of both processes is to propel you into a different economic level and with both there is a risk. The people who usually "hurt" the most from the loans have to understand that (I hope this doesn't sound bad) certain things are specialized for certain economic levels and meant to stay that way (not saying I feel this way, but if you look at the way things are designed in this economic system). Back in the day, you didn't have a lot of people really choosing education, over the manual labor jobs that their parents had. The economy is still trying to adjust to that readjustment of social roles/expectations
So, I think people really do too much when trying to "demonize" student loans. It's just like any other business risk. No one demonizes starting your own business even though the success rate is very low, lower than your chances of not finding a job within 6 months of graduation.
Yes, it is a tough pill to swallow when you have to learn that lesson at the age of 21-25, but that doesn't make it a bad thing.
