Student Loans, They Seem Like A Good Idea (At The Time)
This is the time of year when every day seems to bring new graduation invitations for the class of 2006 in the mail. I began to wonder what it must be like to finally leave school with all that energy and excitement only to find out that you are now going to spend years paying off those student loans that seemed like such a good idea at the time.
The Centre for Economic and Policy Research reported recently that almost 65% of all students use loans to pay for their education. With many students racking up debts of $90,000 or more you start to wonder what it must be like to live under that type of pressure. How do they manage to pay off these loans and still have a life? There are many areas outside Southern California where you could buy a very nice home for that amount of money.
Do we really need to put the youth of today, our future, under this type of pressure all in the name of PROFIT. The laws governing Student Loans are some of the most powerful laws in the land. Our leaders have insured that it is a MOST profitable business for the lenders. These lenders have more power than all other lenders....
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