Is The College Debt Bubble Ready to Explode?

Parents Forum
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<p>[is-the-college-debt-bubble-ready-to-explode:</a> Personal Finance News from Yahoo! Finance](<a href=“http://finance.yahoo.com/college-education/article/111460/is-the-college-debt-bubble-ready-to-explode]is-the-college-debt-bubble-ready-to-explode:”>http://finance.yahoo.com/college-education/article/111460/is-the-college-debt-bubble-ready-to-explode)</p>

<p>What a joke. This girl decided to spend $200,000 on a bachelor’s degree and has the audacity to ask for donations to help pay off her loans.</p>

<p>“It’s profoundly stupid, but at the same time it takes a village to screw up that bad,” he says. “I support the personal responsibility argument, but if you’re 18 and the first person in your family to go to college, how can people absolve the college or the lender of responsibility?”</p>

<p>I couldn’t disagree more with that statement. If you are going to college and don’t know the impact of borrowing $200,000, then you shouldn’t be in college in the first place. It doesn’t matter if you’re 18 and the first person in your family to go to college.</p>

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<p>This topic is being talked about on the Financial Aid link. Posted by CC’s Dave Barry.</p>

<p>The 1000+ comments posted on Yahoo are pretty interesting too!</p>

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<p>“Is the college debt bubble about to explode?”</p>

<p>Ha!..Come over to our house, it exploded years ago.</p>

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<p>A lot of this is what many of us have been trying to counsel students & families about on CC for many years. The “dream school” & education isn’t worth crushing debt. It will cripple the student and SEVERELY limit options. </p>

<p>I don’t understand why or how lenders are allowed to lend $200,000 for bachelor’s degrees–something is very wrong with the system and bankruptcy doesn’t discharge these educational loans. In any case, when they are defaults, who picks up the tab? Society? The government?</p>