Student Loan Debt (Glug-Glub-Glug…)

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Cheaper just to burn it

Let’s hear it for Higher Education! Its cost has doubled over the past 20 years, while its benefits are– Uh, wait a minute, we’re still looking for the benefits.

According to a new report from Bloomberg News, America’s total student loan debt now stands at $1.46 trillion–a trillion is a thousand billions, for those of you in Common Core–and delinquent and defaulted debt in the fourth quarter of 2018 was $166 billion (https://www.bloombergquint.com/onweb/u-s-student-debt-in-serious-delinquency-tops-166-billion#gs.XWElv0e6).

Hoo-wee! Them’s mighty big numbers!

Worse, we find that college graduates can’t earn enough to pay their debt, so a lot of them have parents borrowing money to pay off their kids’ student loans. Yowch!

Maybe they should’ve thought of that before Junior decided to get a six-year degree in Intersectional Big-Ass Gender Studies. Gonna be awful hard to pay off that debt, sweepin’ the floor at the Seven-Eleven.

How bad does our education system have to get before people get wise to it? Do you realize that no one has dared calculate or even estimate the total annual cost of public education in America? Like, there might be a wave of suicides after that figure came out. Don’t even ask!

Are you absolutely, positively, carved-in-stone sure your offspring need to go to college?

About leeduigon

I have lived in Metuchen, NJ, all my life. I have been married to my wife Patricia since 1977. I am a former newspaper editor and reporter. I was also the owner-operator of my own small business for several years. I wrote various novels and short stories published during 1980s and 1990s. I am a long-time student of judo and Japanese swordsmanship (kenjutsu). I also play chess, basketball, and military and sports simulations. View all posts by leeduigon

3 responses to “Student Loan Debt (Glug-Glub-Glug…)

  • Erlene Talbott

    How ridiculous. I know that for years we have been brainwashed to believe young people cannot succeed in life without a college education. What a deception this has been

    Like

  • thewhiterabbit2016

    College degrees used to carry weight but not any more. Experience is the key to getting a job. If the college gives one on-the-job experience in something worthwhile like physics, biology, computer science, law, medicine/nursing, etc. then by all means get a degree. But if it is the Humanities, or other puff subjects, you can learn all that by yourself reading books and watching YouTube videos while you are working jobs, making money, and getting real life experience. Trade schools are the great need of the moment to fill all those jobs going unclaimed in this booming economy. In short, use common sense which today has become so uncommon.

    Like

  • Unknowable

    Student loans are a playground for scamsters.

    Like

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