College education is not a right. It's a privilege. And guess what folks? With a little sacrifice, you too can have that privilege. It's called researching and applying for scholarships, or, gosh, being a great student/athlete, etc and being awarded scholarships or a free ride. What - you mean you aren't a genius? Well, even if you aren't a great student, you may qualify for voc-rehab (someone very close to me got his entire college paid for like this). Or your can serve your country and get your education paid for via the military or via teaching in low income areas.
From the article: "I look at the loans my daughter is taking out, and I've got to wonder what it's going to be like when my son, who is in eighth grade, gets there," said Tony Pollack, 55, of Detroit, .... "We can't help them out — they've got to shoulder all that cost and get so many debts."
This is a pitiful excuse. This guy has time to figure out a game plan to prevent his son from needing student loans. Again, great grades, scholarships, and military are some fabulous options. But if parents stick their head in the sand and ignore the situation, then sure, that kid may be up a creek without a paddle when it comes time for college. Such a negative attitude, assuming that the son will be forced to take on debt.
I have a crap ton of student loan debt because I was stupid. I was in the military. I could have used my education money wisely and not taken out ANY loans... but I was dumb. Ask me about it sometime, and I'll tell ya how. I'm not blaming anyone but myself... but guess what? I have a plan to get it paid off, and I have a plan to provide for my future kids. I think increasing student loan interest rates is a FABULOUS idea because I think it's a great way to reduce the national debt. No, not everyone "deserves" a college education. If you want it - you need to get off your butt and do what it takes to get it. Shut up about the sacrifice you have to make - whether it's serving in the military, teaching in a low income area, or paying high interest loans because you weren't able to (for whatever pitiful reason) get scholarships or work your way through school to pay for it. Living in America doesn't mean everything should be handed to you on a silver platter. Such a shame that so many people thinks that's exactly what it means though.