Rising college loan default rates

blossom
Sun, 26 Aug 2018 21:51:54 +0000

Agree that launching in Dayton or Tulsa doesn’t always sound so appealing to a new grad- until they see the cost of housing.

It just confounds me that for this generation who do SO much research for such stupid things (really- do you need to Yelp every single time you buy a sandwich?) are so casual about something which is both important, really expensive, and has consequences down the road. I have tried to help dozens of young kids launch (friends of friends, neighborhood kids, etc) and the misconceptions they have about careers and trajectory and growth and professional development is just astonishing.

The debt is real, the perceptions about careers are frequently not so real. (Don’t we all know a kid in real life who convinced the parents that they had to go into debt because the only school that had an “International Business” major was the one they can’t afford? As if you can’t get hired by a multinational company and sent overseas if you only major in plain vanilla finance, or history with a foreign language fluency?)