To the economist who works for the College Board, the one who did such odd number crunching with her colleague, Patricia Steele that people in the education industry are all scratching their heads about the discrepancies in their findings because of this WSJ article, I have something to say to you.
You continue to claim: "Borrowing for college is sensible."
At this juncture, that is flat wrong. Borrowing for college has been a death sentence for many people. I'm the one reading their stories. Recently, TICAS.org also asked people to share their student debt stories - they put out that request just a week ago. So far, they have received over 600 messages! Borrowing for college is about as sensible as putting a loaded gun to your head while drunk and feeling really angry about the outstanding loans you have for your education.
Moreover, Lauren Asher, the President of TICAS, has concerns about the the cost of community colleges. Many people think that attending community college is a "sensible" first step towards a degree.
Well, recently, Asher stated here, "people think of community college as affordable," however "[students] are having a harder time covering their living costs without borrowing."
On top of the rise in tuition, and Sandy Baum (said economist) refuses to ever acknowledge these real facts of life, living costs have gone up dramatically, etc. Moreover, middle class salaries have remained stagnant for well over 20 years. You know what makes that ridiculous? There are so many things that make that fact absurd, but here's just one: It used to be that one person was the wage earner (the traditional family -that was true for the most part), but now a household typically has two people earning money! And yet middle class salaries remain stagnant.
Many light years ago, I had been pursuing my Ph.D. and had planned on becoming a professor of Modern European cultural and intellectual history. It goes without saying, I believe in the value of higher education, but if things do not change in terms of the student lending crisis, and a person cannot afford to go to college, I would strongly advise them against going.
We - as a society who believes in credentials - must change this corrupted system and help those who need it the most - students.
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