How much are your loans?

polarscribe
Tue, 04 Jan 2011 20:52:10 +0000

There really needs to be a law capping total undergraduate student debt at $50,000. Period. No student should be allowed to borrow more than that to finance a bachelor’s degree. Anything more is asking for financial ruin.

This is just like the mortgage bubble - kids and parents are being suckered in by ludicrously expensive colleges promising the world now, pay later. Only difference is, you could get out of a mortgage by dumping the house. There’s no way out of student loans.