Student debt is a cross generational issue. Not only is it paralyzing our young people, but their parents as well. Our society teaches us that life long learning is valued. Below is the value and associated debt for my life long learning:
$1,500 1981 Cosmetology school & license
$30,000 2002 BS Business Admin
$40,000 2010 MS Leadership
$71,500 Total personal educational loans
$30,000 Plus, parent loans for children
$101,500 Total educational loans
Length of loan: 30 years (until I am 89 years old)
Hi Donna, great response, thanks for the breakdown and further explanation. Michelle’s Mom!
Bernie Sanders (I-VT), Elizabeth Warren (D-MA) and Barack Obama seem to get it. Free community college tuition for all would cut the cost of a four year degree in half. That’s a starter. Gee, the one percenters might have to kick in a few bucks to make this a reality. That’s what they do in all the other developed nations. I’d like to see a national budget developed on the basis that individuals get assessed a tax and also get to designate where they would like to spend their tax dollar. I wonder how many individual tax payers would plunk their hard earned cash in the war coffers?
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
By mikasa423 On January 20, 2015 3 Comments
Illustration, Political Toons
college, student debt
Enter your email address to follow this blog and receive notifications of new posts by email.