lisa-in-FL
Member
I've been reading about this since its a fairly hot topic in the US and some of the younger people I work with were talking about their debt the other day. Apparently for the last 15 years its suddenly become the norm for high school grads to start taking out loans to pay for college and college tuition has risen considerably as well.
I've seen stories of people with loans in the $160K range which is like a mortgage (depending on where you live), but without the equity you can build up in owning a house. One girl I work with was talking about going to the bank for a loan each year like she was just taking $15K out of the ATM.
I'm fascinated by this topic because I think its driving the push to socialism and certain candidates promising free college educations and loan forgiveness.
I went to college when it wasn't as expensive, had a partial scholarship through the FL lottery (bright futures) program, worked part-time, lived at home until I got a full-time job after graduating and had some help from my parents. So thankfully, I didn't have to take out a single loan.
I do understand the stress that debt causes though. I built up some credit card debt because of unexpected expenses, paid it off and then got into debt again while I was unemployed and I'm working on paying it off again.
It can make you feel very stuck.
I don't really have a point with this post so I'll just end with - I'm grateful that Jesus Christ paid off my sin debt for me because I'd never be able to do it myself.
I've seen stories of people with loans in the $160K range which is like a mortgage (depending on where you live), but without the equity you can build up in owning a house. One girl I work with was talking about going to the bank for a loan each year like she was just taking $15K out of the ATM.
I'm fascinated by this topic because I think its driving the push to socialism and certain candidates promising free college educations and loan forgiveness.
I went to college when it wasn't as expensive, had a partial scholarship through the FL lottery (bright futures) program, worked part-time, lived at home until I got a full-time job after graduating and had some help from my parents. So thankfully, I didn't have to take out a single loan.
I do understand the stress that debt causes though. I built up some credit card debt because of unexpected expenses, paid it off and then got into debt again while I was unemployed and I'm working on paying it off again.
It can make you feel very stuck.
I don't really have a point with this post so I'll just end with - I'm grateful that Jesus Christ paid off my sin debt for me because I'd never be able to do it myself.