Speak Out: Student debt

According to the Institute for College Access and Success, the average member of the University of Delaware’s class of 2018 owes $34,144 in student loans. That ranks ahead of only four states, all of which are located in the Northeast.

Per the Institute for College Access and Success, 62 percent of graduates of the First State’s flagship university have student debt.

• A bunch of crybabies. Get a job, work hard and pay off your debt. It took me ten years and I was proud to fulfill my responsibilities. — Jim Sawchak

• Not so fast. Let’s not put the blame on kids who worked hard to get a degree and let the real culprits off the hook. Because when you and I went to college, states subsidized tuition at state schools. I’ll bet the total cost of your degree was less than a semester today. Mine was. It costs $40k a year to go to college. That’s like owing for a house when you graduate.

Student loan interest rates exceed the rate you or I can get to finance a car, home or personal loan. Who profits? The federal government because they make the loans. Times have changed.

You’re blaming the wrong people and that solves nothing. Demand that state and federal governments own the problem they put on the backs of our nation’s youth. — OG Greer

• There’s no incentive for schools to lower tuition with most having government loans. It’s impossible to work your way through school these days and get a real degree. And because all of a sudden “they” said everyone had to have a degree in order to get a job anywhere, the value of a degree has gone down. A BA is the equivalent of am Associates. You need a Masters to get hired anywhere worthwhile.

Meanwhile tradesman are making nearly $40 an hour in many fields, have families, nice homes and can enjoy life. College-educated folk are working off loans into their late 30s or even their 40s, and by the time they get married they have only one, maybe two kids at best. College debt is hurting the economy and our population, which in the long run also hurts the economy. — Nick Boggs

•The answer is simple. Get the government out of the student loan business and allow student loans to be discharged in bankruptcy. That will make banks only loan money to students that they believe will be able to pay it back. Thar would mean you’d likely only be able to get a large loan for S.T.E.M. fields and liberal arts degrees would only be for those who can afford to pay for it without a loan. — Nathan Cook

• Every single one of the college loans are 100% voluntary. Every single individual always has the option to take a part-time job or full-time job and sign up for the number of classes they can afford — each and every semester. Yes, it might take a bit longer but they benefit by also getting some real world job skills and experience for all resumes. Parents need to better educate their children as they grow regarding responsible decisions and their financial habits. — Victoria M. Olds

This is your public forum. We welcome your opinions, which can be emailed to newsroom@newszap.com or posted online under the stories at www.DelawareStateNews.net.

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