12/7/2011 3:12 PM
Nothing is wrong with student loans, to a point. Most of us have had student loans. I believe Sam is trying to make the point that a $100,000 student loan for a $25,000 career is a bit on the financial-ignoramus-side.
Thats what I was trying to get accross Clay. Thanks for helping me out. Some college students arent looking at the whole picture and have the mindset that they are entitiled to a college education and a good paying job when they graduate with massive amounts of debt. It just doesnt add up.
Scott - The best and brightest wont be excluded. They will be put in a better situation if they are smart about they way they attend college. There are other options on getting a good college education without going to a top-notch school and incurring massive debt. It may take a little longer and heaven forbid working through college, but most wont be excluded. The problem is the ones that cant pay for it, take out these massive loans and then and their family continues the cycle of being poor. Just remember Proverbs 22:7 "The rich rules over the poor, and the borrower is the slave of the lender." The instant gratification of borrowing money for things keeps "poor" people from being "rich". I understand some people cannot help the situation that they are in and my hearts breaks for them, but most of the time it is a behavior issue when it comes to spending money. Sacrifice sucks but in the long run it is worth it.