Skip to main content

View Diary: Is The Student Loan Debt Bubble Bursting? (updated) (334 comments)

Comment Preferences

  •  Only to a point. (7+ / 0-)
    If there were a supply of good paying jobs for these well-educated people there would be little concern over students taking out loans to obtain the education.
    Some people borrow as much as $100,000 for a degree.  Even in a good economy where you are set with a good college-level job, $100,000 is a crippling debt that can delay such as getting a house.  In cases of overborrowing, the borrower's predicament is not caused by a poor economy and not fixed by a good one.

    On top of that, if half the country goes to college, even a supercharged economy may not have enough college-level jobs for them.  This is part of the reason why so many jobs openings now require college degrees, even if they're not needed to do the job:  there are enough extra college grads that you can demand a bachelor's degree for a temp position, and you'll still get more resumes than you need.

    In short, only some of the student loan problem is caused by a poor economy, and a recovering economy won't help that much.

    Taking jokes seriously is the exact mirror activity of laughing if someone says they have cancer. --jbou

    by Caj on Wed Nov 28, 2012 at 03:03:19 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (144)
  • Community (68)
  • Elections (42)
  • Bernie Sanders (39)
  • Environment (38)
  • 2016 (38)
  • Hillary Clinton (33)
  • Culture (31)
  • Media (30)
  • Republicans (29)
  • Climate Change (29)
  • Education (24)
  • Spam (23)
  • Congress (23)
  • Barack Obama (22)
  • Civil Rights (22)
  • Labor (22)
  • Science (21)
  • Trans-Pacific Partnership (21)
  • Texas (20)
  • Click here for the mobile view of the site