15 Reasons Why Young Americans Should Do Whatever They Can To Avoid Getting Sucked Into The Student Loan Debt Trap
September 7, 2010 § Leave a comment
America has created a student loan debt bubble that is inflating at a staggering pace and that is destroying hundreds of thousands of lives. For the first time in U.S. history, Americans owe more on their student loans than they do on their credit cards. Millions more young people are getting sucked in to the student loan debt trap each year. They are told that “an education” is the key to achieving the American Dream and that they won’t be able to get a good job without going to college. They are told that they should get into the best school that they can and that they will surely get a good enough job to easily pay off their student loans. In fact, most American high school students don’t have anyone warning them about the dangers of the student loans that they are about to commit to paying off. But they should, because the system of higher education in the United States has become a money making scam. Those who get sucked into the student loan debt trap often end up regretting it for the rest of their lives.
Perhaps it wouldn’t be so bad if there were plenty of good jobs available for college graduates and if the education our college students were receiving was of a decent quality.
But unfortunately, most colleges in the United States are a total joke. I know. I have three degrees. I have an undergraduate degree, a law degree and another degree on top of that. I went to what would be considered “good” schools.
But the education that I received (and that millions of other young Americans are receiving) is of such poor quality that it is almost unimaginable