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Since everyone, including Presidential candidates, seem to be discussing canceling college debt, I was moved to offer some thoughts on the subject, none of which include canceling college debt, but some of which have been bandied about by grander conservative voices.
Now, my philosophy regarding this issue is simple: You made the deal, not the hardworking taxpayers who would be strapped with your “canceled” debt. Learn that lesson now; pay your own way.
That being said, there are other avenues to enter a productive, adult, working life, without incurring debt resembling the GNP of Bulgaria. Here goes:
- The obvious solution to extraordinary college debt is to reduce those pesky highly inflated tuition costs; no university is worth $250K. Period. But, since that won’t happen overnight, it may mean that you will have to elect not to attend that ridiculously overpriced edifice of higher education. So be it. Think how much smarter you are, already. That should be of comfort to you.
- A second radical approach to the college debt problem is to attend a local community college with reasonable and affordable tuition. Many students start their college career there, and either continue on, or become employed with a two-year degree. And, should you opt to secure employment during your education, there are companies that will actually pay for college. Look into it.
- A third option is … wait for it … not to attend college. Professional trades are stepping stones to entrepreneurial success and, thanks to President Trump, small businesses are booming. Even if you don’t choose to start your own trade business, no one I know isn’t grateful for a good electrician, plumber, or carpenter. Our lives depend on professionals in these and many other areas. Since one person cannot be an expert in every field, go be an expert in your field.
- A fourth possibility, and a heck of a good career choice for many, is to enter the US military. I cannot begin to enumerate the myriad benefits of military service, and while I recognize that it may not be for everyone, most employers I know think highly of an applicant who has served his/her country. Generally speaking, your pedigree is your honorable service.
- The fifth, parents, is for you. Stop buying the nonsense overpriced universities are marketing to you. And stop encouraging/pressuring your progeny to espouse it, too. Instill in your children, should they plan to work after college, that developing relationships and skill sets with businesses, for example, in the form of internships prior to The Job Hunt after college, will educe many benefits, some of which may lead to the hiring of said progeny. Dole out good, solid advice, not dough.
American youth: What you decide to do with your life is entirely your choice. But, why approach it with massive debt, or bind your parents to it? You have options. Don’t let those indulgent universities make their profits from you. Be wise, not foolish.