A culture of debt we are but this is the first time I’ve heard it put in these terms:
…With hefty repayments in their future, however, many students, including Boston University graduate Lowery, are walking away from low-paying government, nonprofit, and teaching jobs.”I really want to work in advocacy law,” she says, “but from a practical perspective that’s not going to happen. I just won’t be able to pay back my loans.”
ML wrote @ June 2nd, 2006 at 9:54 am
Doesn’t a significant chunk of the blame for these high loan balances lie with the child’s parents? After all, once a child is born, it’s pretty clear that hefty college bills are coming 18 years later. So, the parents SHOULD start saving, but many don’t. The consequences of their parents’ failures then fall upon the children’s shoulders. The simple solution is that parents need to have the foresight to plan for and save for their children’s futures.
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