Wednesday, May 16, 2012

This is a story we've heard before...

In case you need to read yet another downer article about how college grads have racked up outrageous amounts of student loan debts, The New York Times delivers.  It's timely because graduation has just passed or is coming up shortly for most colleges. But the article fails to present any truly new or helpful information.  The first paragraph says it all:
Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.
The article covers the growth in student loan debt, some personal profiles, and plenty of political drama.  It also takes six pages (online) to cover the same story and issues as The New York Times has covered before.  It presents no advice or help to students who already have loans.  At best it's a cautionary tale or an alert. 

While it's a great overview for someone who's never read about the issue before and one long shout out to Ohio, for students or grads who already know the story and have debt their time would be better spent doing something other than reading this .... like getting a second or third job.

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  1. Kind of makes you wonder if taking classes at a community college for the first couple of years might not be the best idea. Or taking night classes while working full time earning as you go. It will take longer to get a degree, but since jobs are not readily available, it will provide some work experience.

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