What do you think about those who can’t pay off their student loans?

I don’t fell sorry for them at all.
It is obviously their own decision to borrow money and they must realize the consequences.
It’s their responsibility, and I don’t understand why the graduates start to weep being unable to cover the debts.
They should have been expecting that it ultimately will have to be paid.
And by the way, the young people without the financial history shouldn’t be able to take loans.
In my opinion, it is wrong.

7 Answers

  1. Most of the people believe that with the degree quarantees the decent jobs and good money. The bank specialists always must take rational decisions about a person’s financial ability to pay off. It works with all kinds of loans, i.e. mortgages and the student loans as well.
    The students believe the professional decisions of the bankers who allow them to take loans. They cannot comprehend the whole situation and think critically about their future by themselves.
    It’s a pity that many people can be decieved this way and face a lot of challenges later on.
    I believe, that the student loans system will fail eventually the sameway as the mortgages did.

    Anusika Anusika Answered
    Likes
  2. I am a financial advisor in the college and I had an opportunity to investigate the problem from the both perspectives: the srudents’ and the federal system’s. Yes, students must held responsible for their decisions and their debts. But as I can see, the majority of them cannot completely understand what are they going into when taking a loan.
    At 18, people are very unexperienced. They are more exposed to the negative influences, high expectations of others, social standards of behavior… The students often take loans being under a great psychological pressure.
    Although the full FA information is provided for the sudents, I see why it’s hard for them to understand everything regarding this issue. And it is clear that the society demands them to be involved in this situation. The young people rarely can see it.

    Sachiko Yusimo Sachiko Yusimo Answered
    Likes
  3. The government’s financial support is needed to make the education accessible for almost everyone and reduce the class devision. Education is very expensive nowadays. And only the people from the wealthy families can afford to go to a college without the federal aid.
    The federal programs give the chance for the students to study and to earn their degrees.
    In the modern world, the education costs are exessive and, at the same time, the students cannot have the well-paid jobs. Based on this, taking a loan is the only good choice to become more successful in life no matter how challenging it may be to cover the debts.
    I don’t know how you managed to pay for your education in college, but the majority of the American citizens simply have no other options.
    And your opinion is rather arogant.

    ElenaG ElenaG Answered
    Likes
  4. The modern student loan debts do not correspond with the quality of education. Although I think the students should pay off anyway if they have asigned to this.
    Why does the government let the adolescents have the loans at all?
    They have no jobs and no money.
    If they cannot be allowed to take loans for buying an expensive car then why are they can take loans for the expensive education?
    People need to encourage the students to choose cheaper education as they encourage them to buy things for reasonable prices.

    AngryBird AngryBird Answered
    Likes
  5. I have a debt which I need to care about, and I’ sorry for those who are in the same conditions. But I do not regret of taking the loan because the higher education degree is my goal and my choice. Yes, the students need to consider the consequences beforehand.
    And many students do understand what they will go through when the loan is taken.
    Debts are common for the majority of people, and they are natural for the society. Taking a loan not an easily made decision, but it’s necessary. Although the financial constraints are tough..

    chunkymonkey chunkymonkey Answered
    Likes
  6. The youngsters truly don’t understand anything about the loans and financial debts. The higher education institutions simply expect to receive as much profit from them as it is possible. Nobody cares if the graduates can find an employment or not.
    And the students never interested in the investigation of the working perspectives in the field of study they want to major in. The colleges now work like the factories – they stamp the master’s and bachelor’s blindly.
    And there is no professional fulfillment after the graduation.

    Chang Chao Chang Chao Answered
    Likes
  7. The loans give a good lesson for the young people. They learn to save money and to distribute their finance thoughtfully.
    If you see the issue from the positive perspective, you can learn a lot. Taking a student loan can become a good experience.

    Brut Brut Answered
    Likes