06-06-2022, 10:47 AM
(06-05-2022, 09:42 PM)freeloader Wrote:(06-05-2022, 08:15 PM)Alpha Wrote: Perhaps the idea of eliminating the interest and requiring payment of the principle is gaining some traction. I think the whole thing is just going to be a band-aid unless there is some serious reform to the entire process of paying for college. And that teacher in the story, the one who owes 300K and is enrolling her nephew in college, well I hope she learned something from her experience and doesn't get her nephew in such debt too.
...Finally, I am just astounded at that amount of debt to become a teacher. She has an English degree so there is a good chance that math/personal finance are not her strong suits. But honestly people, that is just ridiculous.
At the risk of offending any of the teachers out there, I think that you can get a perfectly good BA/MEd at your local state university (all online) for a lot less than 200K (I'm guessing that the other 100K is interest). I don't know that spending all that extra money to go to an elite school actually makes you a better teacher or makes you more employable once graduated. I can only hope that she had a fun "college experience" because it seems clear that she's paying for it now.