Comments on: Dealing with student loans http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Anonymous http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-29710 Thu, 18 Aug 2011 09:06:07 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-29710 Oh, most graduates finish their degree with a huge debt. This debt, unless they have fortunate parents will takes years to pay when and if they begin their chosen career. The issue is often these young people cannot find employment and therefore the debt remains unpaid. This further adds to the cycle within the economic school systems.

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By: Anonymous http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-29709 Thu, 18 Aug 2011 08:58:55 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-29709 Oh, most graduates finish their degree with a huge debt. This debt, unless they have fortunate parents will takes years to pay when and if they begin their chosen career. The issue is often these young people cannot find employment and therefore the debt remains unpaid. This further adds to the cycle within the economic school systems.

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By: Zamary http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-8321 Wed, 04 Nov 2009 13:19:44 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-8321 Realistically, most graduates from the University of Pittsburgh law school are not going to waltz into $160,000-a-year jobs: Russell’s experience, where she’s clerking for something close to a normal living wage, is surely quite normal.

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By: Jonathan Paul http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-7809 Mon, 12 Oct 2009 09:30:31 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-7809 Student loans haven’t always stuck to debtors, even those in bankruptcy, like glue.By allowing students to take out massive loans they had no intention to pay. But over time, this exception has evolved to include private student loans.

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By: WM http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-6396 Fri, 04 Sep 2009 19:00:55 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-6396 Good response to this at the Washington Monthly: http://www.washingtonmonthly.com/college _guide/blog/the_fallout_from_wsjs_studen t_1.php

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By: Brad Ford http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-6384 Fri, 04 Sep 2009 17:40:47 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-6384 “The problem with the government NOT getting into these high-end loans is that high-end educations will increasingly be restricted to children from wealthy parents, even further stratifying a society that is already moving dangerously in that direction. – Posted by Benedict@Large”

For high wage jobs (doctors, engineers, etc.), you might have a point. For low wage jobs, I have to disagree.

While Harvard might have the best undergraduate Education Department in the US, a propective elementary school teacher would be substantially better off getting his her degree at a state school.

If my wife (an elementary school teacher) had $100K+ in student loan debt, a “high-end education” would be a curse.

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By: Marc http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-6349 Fri, 04 Sep 2009 11:23:27 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-6349 @ Pockets

While it may be that the benefit of having a degree still reflects well on the salary one can command after graduation (because of the race between education and technology) there is no guarantee that this will remain so in the future. But again we are looking at it on an individual level, which is not quite right. Loading young people up with lots of debt has side-effects that are undesireable for society. People put off buying homes, marrying and having kids. For more info about this:
http://www.profam.org/pub/fia/fia_1912.h tm#fn1
It would be better for society to subsidise education outright (at least up to a far higher level than is custom in the US). Education then becomes a ‘free’ choice for persons (i.e. delay starting to work in the hope for a higher cumulative pay over the entire carreer or start sooner but risk getting paid less over time). The expenditure of funding higher education would easily be recouped through higher tax income (because educated people command higher pay). This will enlarge the pool of people that will consider higher education, to the benefit of all. It would also remove doubts about people ‘buying’ degrees because a degree can then only be ‘bought’ through studying hard, rather than a high school fee (and or studying hard). Funnily enough people are willing to pay much for something scarce that isn’t really worth much, but they are not prepared to pay a low amount to something available to all that isn’t really worth much.

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By: Benedict@Large http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-6341 Fri, 04 Sep 2009 06:36:14 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-6341 The problem with the government NOT getting into these high-end loans is that high-end educations will increasingly be restricted to children from wealthy parents, even further stratifying a society that is already moving dangerously in that direction.

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By: nick http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-6323 Fri, 04 Sep 2009 00:01:22 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-6323 bob in ma, if you think tuition increases have led to faculty salary increases, may I suggest that you spend less time with the output of right-wing think tanks.

I’ll offer my own annecdata: after five years in a tenure-track job, starting around 50K, my salary has increased by about 5%/year. I spent twice the time in grad school it would have taken to get a law degree. And I have a better gig than the VAST majority of humanities PhDs….

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By: Bob_in_MA http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/comment-page-1/#comment-6322 Thu, 03 Sep 2009 23:41:45 +0000 http://blogs.reuters.com/felix-salmon/2009/09/03/dealing-with-student-loans/#comment-6322 I think Mike Nute is on to something: subsidize something with easy credit, the price rises.

An interesting aside, I’m reading a novel set in 1960-2, and some of the characters teach at a college and several times its pointed out how little they make. Here in this burg, all the highest price homes are those within walking distance of the local college. Tuition rose something like 4.2% this year and articles noted this was the smallest increase in 30 years.

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