Student loan debt

2 posts

Searching for the Perfect Job

We’re two weeks past Thanksgiving, but I am still puzzling over the dinner conversation. As four 20-something guests talked about hopes and worries, I began to wonder if the pressures they feel reflect a generational terror.

The cast of characters, besides me, was my adorable 23 y/o crypto-nephew and three young women, none of whom I’d met before. You know how it is: crypto-nephew wants to invite his favorite roommate. A couple of days later she asks if we can include one of her friends and then a few days after that, how about another friend at loose ends? Boom! You’ve agreed to feed one person you know and three you don’t.

Despite my apprehensions (who are they? will they throw up on my couch?) they were great. A wonderful time, as the saying goes, had by all—especially by me. Their conversation about ambitions, expectations and fears was as fascinating as it was startling.

They are preparing for, striving towards, in search of nothing less than the perfect job. Continue reading

It’s Time to Abolish the Bachelor’s Degree

Last week Congress finally passed legislation that prevented the interest rates on federal student loans from doubling to 6.8%. While this move was welcome by college students and their parents, it does little to stem the skyrocketing debt that student loans are creating for Americans. Neither will increasing Pell Grants, increasing funding for state universities, or having a student loan debt strike. Our higher education system problems are structural, and the only way to fix this problem is change the entire structure of higher education. The first thing we need to do is abandon the standard bachelor’s degree. Continue reading