Saturday, October 13, 2012

Will my Kids be Able to Afford Higher Education?


Growing up in my household not going to college was never an option, and in America it is forced upon children from an early age that those with a college education will have better opportunities for careers and livelihoods. These days however it is becoming increasingly difficult for college students to be able to afford their education, with many students coming out of college over 100,000$ in debt. On top of that the job market is not what it was in my parent's day, and those of us with a college education are lucky to find jobs that would have been considered in high demand 20 years ago. As a person who is about to graduate from college in less than a year, with a degree in art no less, it scares me to death to think about the opportunities I might not have in the future. With the ever increasing federal loan rates, not to mention outlandish private loan rates, it is frightening to think about the many children who may not get the opportunity to even attend college in the future. While this cartoon was clearly made by a non GOP party member, focusing on the believe by many liberals that the GOP is trying to cut funding for higher education in order to bring down national debt, it still brings to the forefront the fear of many high school graduates thinking about pursuing a college education. How in the world am I supposed to be able to afford my college education without being a 7 foot tall basketball star? 

1 comment:

  1. A very good point. Did you hear about the new student loan program that caps post-graduation repayment rates to 10% of discretionary income? Here is an article on this:
    http://www.theatlantic.com/business/archive/2011/10/who-qualifies-for-obamas-10-student-loan-payment-cap/247470/

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