Do We Hate Our Children? The Insane System That Turns Young Adults into Indentured Servants

[Shankapotomus]

Next time you’re watching a college graduation, as you look out over the sea of caps and gowns, make sure you notice the ball and chain most graduates are wearing as they march onstage to receive their diplomas. That’s student loan debt, which at over $1 trillion tops credit card debt in the U.S. today. The average burden is $28,000, but add in their credit cards and they’re graduating with an average of $35,000 in debt. It’s no wonder that people who’ve paid off their student loan debt are 36 percent more likely to own homes than those who haven’t, according to new research by the One Wisconsin Now Institute and Progress Now.

What kind of society sends its young people from higher education into adulthood this way? I’m aware I’m only talking about those lucky enough to go to college, when roughly one-third of high school graduates don’t – but if this is the way we treat our relatively lucky kids, the rest of them don’t have a prayer. For many, the school to prison pipeline functions much more efficiently than the school to college one; California is one of at least 10 states that now spends more on prison than education (all education, not just higher education). According to the Federal Reserve Bank, two-thirds of college graduates leave with some debt, and 37 million Americans are repaying a student loan right now.

Continued: http://www.alternet.org/do-we-hate-our-children-insane-system-turns-young-adults-indentured-servants

[AnotherMcIntosh]

1. It's also insane that judges in divorce cases are ordering parents to send their children to college

without seriously considering the devastating effect upon the children and their parents.

[Bill USA]

3. I will be glad to consider this other than nonsense as soon as you can provide documentation.

[Doctor_J]

2. Just another symptom of our 3rd world status

The more people that remain ignorant, the more they'll believe Fox "News"

[Bill USA]

4. Republicans would rather give enormous tax breaks to hedge-fund managers thangive a hand to students

again the Repugnants are on the side of stupidity. Young people who are trying to get an eduction or job training will increase our nations productivity. Reducing the numbers of young people who get advanced training and education only adversely impacts our future economic growth and strength as a nation. But when did Republicans give a shit about that?


RECOMMENDED!

[Brigid]

5. Let's face it . . .

Last edited Mon Jul 1, 2013, 10:40 PM - Edit history (1)

This is now a Third World country. No use denying it any longer.