On bailing out student loans
If I were to let my imagination take flight, I would imagine recent college graduates as *diamonds in the rough draped with cloaks that are cold, wet and heavy.
When I went to Howard University late 50's to early 60's, tuition was $35.00 a credit hour and a 3 hour course cost my parents an average of $155.00. We students would “WOW!” and shift in our seats when the professors hastened to tell us tuition at American University, also located in Washington, D.C., was a whopping $50.00 a credit hour. Many of us got the message.
Most of us students graduated, got a job in our field and immediately started to let our little diamonds begin to shine in our communities as meaningful citizens.
If we moved into an apartment, rent was $100.00 a month for a two bedroom and our only other bill was perhaps paying for a $3000.00 brand new car. There were no computers to purchase and maintain or monthly cell phones or cable bills to pay. My personal salary as a school teacher was $3,200.00 for a 10 month year.
In my opinion, the average college graduate of today graduates with a huge debt owed to his college; a ball and chain if you will, with one on each leg. He can not move forward due to the burdens of his college debts that is predicted may out live him and he will more than likely be a grey haired grandparent before it is paid off.
I saw a documentary wherein a college student died in an accident leaving behind an $81,000.00 educational loan his parents had to pay because they co-signed the loan. And there was the young married couple who have to re-pay $1,700.00 a month for the next twenty five years and bankruptcy laws will not take it away.
It is hard imagining any country moving forward with huge stock piles of diamonds in the rough doing nothing save spending precious time tugging to free themselves of their ball and chains. Once the students get a bail-out from their student loans, and I hope they do, and when they start doing their thing in various communities, and I know they will, I have no doubt other diamonds will self polish at the lower levels of our educational system. I have a dream.
As always,
BB
*Diamond in the rough
Occupy Wall Street protesters irked by rising student debt in U.S.
by Marketplace Morning Report for Monday, October 3, 2011
Excerpt:
So the argument you hear is, "You've bailed out Wall Street, what about us?" Forgive student loans, you boost the economy because you put hundreds of dollars a month back in the pocket of middle-class families, and of young people just as they're entering the workforce.
Read more at:
http://www.marketplace.org/topics/life/occupy-wall-st/occupy-wall-street-protesters-irked-rising-student-debt-us
When I went to Howard University late 50's to early 60's, tuition was $35.00 a credit hour and a 3 hour course cost my parents an average of $155.00. We students would “WOW!” and shift in our seats when the professors hastened to tell us tuition at American University, also located in Washington, D.C., was a whopping $50.00 a credit hour. Many of us got the message.
Most of us students graduated, got a job in our field and immediately started to let our little diamonds begin to shine in our communities as meaningful citizens.
If we moved into an apartment, rent was $100.00 a month for a two bedroom and our only other bill was perhaps paying for a $3000.00 brand new car. There were no computers to purchase and maintain or monthly cell phones or cable bills to pay. My personal salary as a school teacher was $3,200.00 for a 10 month year.
In my opinion, the average college graduate of today graduates with a huge debt owed to his college; a ball and chain if you will, with one on each leg. He can not move forward due to the burdens of his college debts that is predicted may out live him and he will more than likely be a grey haired grandparent before it is paid off.
I saw a documentary wherein a college student died in an accident leaving behind an $81,000.00 educational loan his parents had to pay because they co-signed the loan. And there was the young married couple who have to re-pay $1,700.00 a month for the next twenty five years and bankruptcy laws will not take it away.
It is hard imagining any country moving forward with huge stock piles of diamonds in the rough doing nothing save spending precious time tugging to free themselves of their ball and chains. Once the students get a bail-out from their student loans, and I hope they do, and when they start doing their thing in various communities, and I know they will, I have no doubt other diamonds will self polish at the lower levels of our educational system. I have a dream.
As always,
BB
*Diamond in the rough
Someone… that has hidden exceptional characteristics and/or future potential, but currently lacks the final touches that would make them… truly stand out from the crowd.
http://www.urbandictionary.com/define.php?term=Diamond%20in%20the%20rough
Occupy Wall Street protesters irked by rising student debt in U.S.
by Marketplace Morning Report for Monday, October 3, 2011
Excerpt:
So the argument you hear is, "You've bailed out Wall Street, what about us?" Forgive student loans, you boost the economy because you put hundreds of dollars a month back in the pocket of middle-class families, and of young people just as they're entering the workforce.
Read more at:
http://www.marketplace.org/topics/life/occupy-wall-st/occupy-wall-street-protesters-irked-rising-student-debt-us
posted by BB at 6:32 AM
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