Portions of a student loan are forgiven for teachers willing to work in specified school districts for several years. Only you can decide if that is better than a decade or more of debt.
Reminds of an idea I had for a movie, “The Sixth Cents”. It’s about a young boy who wanders around college campuses in horror and says, “I see debt people.”
We don’t, even during a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education. The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $234,000. If that’s divided by the 4 years it takes to get a college education, the government breaks even if it paid every student $58,500 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, and that more students would complete high school if they could see it as the way to a good job. They would also be paying a larger amount in all other types of taxes, social security and Medicare. The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, including trade schools, etc totally free, as long as the student is making decent grades. There is no better way to spend money than, to give our people every opportunity to be the best they can be. Yes, It’s good for them individually, but the country is made up of individuals, so what’s good for one is good for the country.
Templo S.U.D. over 2 years ago
oh, the dreaded student loans when in university
Richard S Russell Premium Member over 2 years ago
I’ve found that I get much better results planning backward than planning ahead.
e.groves over 2 years ago
It’s never too early to start saving for college.
mistercatworks over 2 years ago
Portions of a student loan are forgiven for teachers willing to work in specified school districts for several years. Only you can decide if that is better than a decade or more of debt.
Reminds of an idea I had for a movie, “The Sixth Cents”. It’s about a young boy who wanders around college campuses in horror and says, “I see debt people.”
Diane Lee Premium Member over 2 years ago
We don’t, even during a time of high unemployment, have so much a lack of jobs as we have a lack of people who have the skills to perform the jobs that are available- in other words, a lack of education. The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $234,000. If that’s divided by the 4 years it takes to get a college education, the government breaks even if it paid every student $58,500 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, and that more students would complete high school if they could see it as the way to a good job. They would also be paying a larger amount in all other types of taxes, social security and Medicare. The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, including trade schools, etc totally free, as long as the student is making decent grades. There is no better way to spend money than, to give our people every opportunity to be the best they can be. Yes, It’s good for them individually, but the country is made up of individuals, so what’s good for one is good for the country.