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[email protected] gfretwell@aol.com is offline
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Default OT. College Loan Forgiveness

On Wed, 5 May 2021 05:52:23 -0700 (PDT), Dean Hoffman
wrote:

This John Stossel article claims about a third of college enrollees don't graduate after six years. Why doesn't it dawn on them that they aren't going to make it long before then? Beer and women? People expected to be out in four years way back when I was college age. That would've been in the 1970s.
It points to a woman who decided she couldn't afford college and went to welding school instead. She's making $3,000/week. She may well be an exception but there is work for people who get dirty.
https://www.wnd.com/2021/05/hardworking-taxpayers-bail-privileged-students/
My brother claims small engine repair shops in Omaha, NE have waiting lists of weeks. People don't want to mess with lawnmower or snowblower repair. There still are the old fashioned welding/repair shops in my area.


They sell college loans just like they do heroin. You start out slow
but once you are hooked it is hard to quit. As long as you are still
enrolled the payments are deferred so you end up with dumb people
taking a decade to get a masters degree, still racking up debt. When
they get out they quickly figure out their degree is not the ticket to
a job that pays enough to service the 5 figure debt they have.
Even in the 90s we were told by universities a "4 year degree" takes
most students five and some drag it out to 6, usually by changing
majors a few times but they also told us, most of the first year of
college is actually making up for a lousy K-12 experience and the
courses are remedial high school, even though they are called college
level.
Easy money is a big part of what has caused university costs to rise
many times faster than inflation. When I was college age, it was
actually possible to pay for college with a part time job. Not so much
anymore.