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I could go on and on about the scam that college debt has become, but I promised myself I wouldn’t do that again. Fact is, this country just moves from one bubble to the next, and Today’s Bubble™ is college debt.<\/p>\n
The article itself is a hoot. But I also highly recommend that you take a look at the 14-photo slideshow which accompanies it, because there you’ll unearth gems like this one from Alexandria, 28 years old, the proud owner of a $90k student-loan chain around her neck:<\/p>\n
I feel like I had no idea what I was doing when I took out those loans. They didn’t really sit us down and talk to us about financial aid or what our options were. I wish they would’ve had a class before you graduate high school, or like the first semester of college: ‘Let me teach you about basic student loans, math, finance, anything that you’re going to need now that you’re 18.’ I wish somebody would’ve been like, Alex, it is not a good idea to take out a loan that has 12.5 percent interest.<\/div>\nCollege Debt Comes Home to Roost<\/title>\n<meta name=\"description\" content=\"My thoughts on a NY Times article discussing "boomerang" college grads who came back home, and aren't leaving.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2014\/06\/college-debt-roost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"College Debt Comes Home to Roost\" \/>\n<meta property=\"og:description\" content=\"My thoughts on a NY Times article discussing "boomerang" college grads who came back home, and aren't leaving.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2014\/06\/college-debt-roost\/\" \/>\n<meta property=\"og:site_name\" content=\"Money Musings\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-23T13:02:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-06-24T00:27:15+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.mdmproofing.com\/iym\/weblog\/graphics\/handcuffs_r.png\" \/>\n<meta name=\"author\" content=\"Michael\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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Oh, Alexandria. As Upton Sinclair so succinctly put it, “It is difficult to get a man to understand something when his salary depends on him not understanding it.” The same goes for education: Don’t expect colleges and the rest of the “Big Education” industry to teach you all that basic financial and debt stuff, because their salaries depend on you NOT learning it.<\/p>\n
At least, not until you’ve run up student loans to the hilt and paid off all your bursar and textbook bills.<\/p>\n","protected":false},"excerpt":{"rendered":"
A really fun article which I stumbled upon late Saturday evening: NY Times: Boomerang Kids Won’t Leave I could go on and on about the scam that college debt has become, but I promised myself I wouldn’t do that again. Fact is, this country just moves from one bubble to the next, and Today’s Bubble™ […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,29],"tags":[],"class_list":["post-3307","post","type-post","status-publish","format-standard","hentry","category-debt","category-student-loans"],"yoast_head":"\n