Best choice for Financial and Cryptocurrency News

- Advertisement -

- Advertisement -

Student Loan Borrowers As Victims – How So, They Signed Up For It

Many people including the President of the United States continually tell everyone that going to college is the answer to success in life to getting a good paying job. They also suggest that those folks that don’t go to college perhaps will never make anything of their lives, nor will they have a chance at the middle class. This is actually incorrect, because a good number of folks that own their own businesses and have succeeded incredibly had never went to college, and a good many of the most successful entrepreneur billionaires only had two years of college or less (Bill Gates, Mark Zuckerberg, Michael Dell, it’s a long list).

In Saudi Arabia they are sending kids to college in record numbers, and in Ireland for instance everyone got free college. How are all those college graduates doing in those countries? Most all of them are not doing very well. What I’m saying to you is going to college is no guarantee for success in life, and besides that only 15% of the people graduating with degrees from college work in the same field for which they had gotten their degrees.

Further, some people shouldn’t go to college because they are not cut out for that type of work, the type of work that is authoritarian-based such as in a corporation where they tell you how to do everything. If you want a corporate job, going to college might be good training, but it’s also going to cost you almost $100,000 before you leave.

Success in life should not include throwing yourself into debt or economic enslavement for the next 10 to 20 years of your life, especially when there are no guarantees. There are certainly no guarantees when we have a socialist left-leaning government, or one which is moving rapidly in that direction. Okay so let’s talk a little about this shall we?

You see, there was an interesting article on Reuters on October 15, 2012 titled; “Regulator says student loan complaints resemble mortgage woes,” by Aruna Viswanatha and editing by Steve Orlofsky which stated; “Some private student loan borrowers who are struggling to repay their debts are facing the same frustrations with servicers that have plagued mortgage borrowers, the U.S. consumer agency said in a report.”

Some politicians now are standing up and telling the students who took out those loans that it is not their fault for signing their name to all those student loans. They are telling the students that they were lied to by the University, by society, or even by the politicians themselves – that if they went to college they’d be guaranteed a high-paying job, and make more money during their lifetime than those who didn’t go to college. Now they are stuck in debt. That’s hardly what they were promised, that’s true.

Nevertheless, when you borrow money, you must pay it back, and those are consequences if you don’t. Should these students be let off the hook for the money they borrowed, should they be allowed to play victims? What about the investors who own that debt, or the taxpayer which has guaranteed it? I hope no one is suggesting that it is our fault, and the students couldn’t have possibly known? Further, I find it rather curious that politicians are telling students that the way to success is going to college.

Quite frankly as the founder of a franchising company, and looking at the level of education that these kids are getting, and their level of savvy and experience once they get out – I wouldn’t hire any of them, they act like primadonnas, and most of them don’t have a clue, all they have is a certificate of completion, a degree and a diploma which says that they know something, even if they are incapable of using that information to help a company to greater productivity if they are hired. Student loan borrowers are not victims, they signed up for those loans, and they need to repay them.

How dare any politician pander to these students with these high student loans telling them or suggesting that perhaps it’s not their fault, and they don’t have to pay them back. Please consider all this and think on it.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More