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?