Originally Posted by
ShyGuy
17-18 yr old high school kids are preyed upon by the system. "Just sign here, you're all set for college! You don't even have to start paying until you're 25!"
No one sits down with them and show the math on what it will look like from ages 25-45. Who tells them about interest, loans, and bankruptcy, or the fact that student loans can't be forgiven (one of the very few things). No one tells kids. Just sign the dotted line because 1. everyone else does and 2. you're expected to.
In addition, the system is setup to accommodate all expenses via loan, gone are the days where you just borrowed say tuition expense and worked your way thru school part time, maybe starting at a local community college for a couple of years. So kids borrow many $$$$ more than they need cause hey, "they" offered!