Wages garnished for student loans in default- impact on the economy

Why is it the University’s fault? They do not make anyone apply to their University. People chose to apply and chose to pay for the service the University provides. It may be overpriced, but so are German cars, lots of bicycles, wetsuits (oops - other forum reference)

Parents are absolutely partly at fault, high schools are also partially at fault for not making a basic personal finance / accounting a required class. Loan system - Hard call, but if you loan a kid 400k to “find himself” - I guess you should expect to not get repaid. Loan that money for a kid with a connection and desire to work at a hedge fund or major law firm, then its probably a worth while loan.

Sure. Agreed. But you generally can’t discharge student loan debt in a bankruptcy.

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German cars, bikes and wetsuits aren’t sold to teenagers through easy loans they can’t get out of, and aren’t marketed as a necessity for getting ahead in life.

And sadly, it’s not that hard to argue that a college degree is STILL required to get a job that pays above average. Very easy to argue that for a job that pays well above average. It’s not true in all circumstances for sure, but the college earning gap is still real compared to non-college educated.

Plus, non-educated people tend to vote in significantly greater numbers from DJT. I think he’s nothing but a glorified con-man, so you can make your conclusions as to how important I think college still is even from a non-wage-earning perspective.

I don’t disagree. And it is similar to food. There are some companies that make food that is really bad for your kids. We as a society should look at what food is available/served to our kids. And I as a parent can guide my kid to eat healthy food and not just chicken tenders as every meal. But ultimately the unhealthy food will exist and the majority of my child’s healthy eating habits are my responsibility.

I agree for the most part, but it’s not a clear decision for most people in this situation. It’s a jump into the unknown - once choice is taking a frighteningly large debt load but with a semirealistic chance of not just paying it back, but having lifetime wage and knowledge benefits, versus settling for the rest of your life into a nearly guaranteed lowish wage situation unless you get really lucky. It would be very hard for me as a parent to advise confidently in these situations. Add the fact that most kids applying to college are dead average or even below average in their academic and even extra-academic performance compared to peers, and it’s even harder.

Do you blame America’s obesity epidemic on bad parenting?

Do the companies that make this shit food, market it to kids, and spend billions making it addictively delicious bear any responsibility? Parents can only guide and influence their children so much.

It seems insane to me that there is so much onus put on the parents and seemingly none put on the entities that create the systems that exploit, trap and harm young people. It also seems like a uniquely American view, which is why other western countries have much better access to reasonably priced higher education AND healthy food options.

You shut your pretty little mouth. You’re not supposed to say the true part out loud.

We’re the best, we do everything bester, which is why we are the bestest.

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Kids don’t buy the food. Parents do. So yes I put the majority of obesity blame on parents. Not all, but a lot. Factor in screen time etc. All provided by parents. Or in some cases absenty parents.

I also acknowledge socio economic issues. But obese kids also exist in rich families…

Same with kids dressing inappropriately.

Bottom line parents are responsible for kids until they are adults.

The reason it’s the fault of the school is the same reason it’s the fault of the insurance company that the consumer is getting royally screwed while the company rakes in the dough. If you subscribe to that philosophy.

As it was already stated a few posts ago, back in the early 2000s (or late 90’s) the race to a better campus experience started. The schools feel the need to compete and bask in the glory of reviews or accolades about their facilities and offerings. My school was on the cover of better homes and gardens at one point. The amount of money spent on landscaping is obscene. That’s the tip of the iceberg.

The schools feel the need to “keep up” and that only hurts the consumers when it comes to costs.

Haha!!!

My kids are both obese.

But…

They both did slow triathlons a decade ago
And they now workout at the gym
They eat protein powders and talk about how physically awesome they are.
Their “awesome strength training means that they could ‘total school’ me when it comes to doing physical labor.”
They just have injuries and time restrictions that prevent them from “schooling” me.

They could be lavender room members!!!

So awesome!!

Clearly, you’re a terrible parent :wink:.

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Honestly - I am sometimes racked with guilt.
(I suspect this a condition of late parenthood. Regardless of the outcomes)

As for obesity and magnificence…

Maybe ones BMI and workout regiment is not really all THAT important.

Maybe, being self sufficient, honest, hardworking and nice- is good enough.

Maybe being an angry old prick with a lot of money, a high FTP, strong unfounded opinions and too much free time is - really not “all that!!”

But at the same time- should restaurants like Canes really exist? So gross. There is nothing nutritionally redeeming in the whole place. And they advertise to kids in the community sponsoring stuff.

I can think of no other fast food option where you can’t go with a friend and find something decent to eat.

When I was graduating high school I looked at three schools: Auburn, Georgia Tech, and RHIT. Having grown up around Auburn my entire life it sounded like the obvious choice, but as soon as I completed my visit to RHIT I was hooked. While not as expensive as it is today, I was able to repay my loans in about 6 years but was living a pretty Spartan lifestyle during those years. I paid for ~80% of my costs with loans. The rest was from my college fund account my parents had set up. Yes, Auburn with a full scholarship would have been the better immediate financial decision, but I don’t know if it would have paid out in the long run. There is an immense upside to RHIT if your son is serious and does well. It is an extremely tight community with academic amenities too numerous to count. I don’t think I would have done it any different.

Thanks. I have a couple of good friends that went there. We’ve talked to them and I passed on their thoughts and advice.

Cal Poly SLO.

The dorms are bigger and nicer than anything I lived in post graduation.

The amenities are nicer than clubs I’ve belonged to

I mean, alcohol has absolutely zero nutritional value and is completely unnecessary. It’s not even like it can be a substitute in an extreme case like a fried chicken sandwhich can feed a hungry belly. And yet alcohol sponsors major sporting teams/events that are supposed to be family friendly.

You don’t like chicken fingers?