What Student Debt Problem; Simple Solution ends the problem

A problem clearly stated is a problem half-solved.
Dorothea Brande
The real issue is that there are college students that don’ want to work and want to go to the best colleges money can buy, and the parents are encouraging this. What happened to the day you went to the college you could afford, and you worked to pay for all of it or, at least, helped your parents. The problem lies with the parents and the kids; the parents are encouraging this asinine behaviour. Today’s generation believe that they are entitled to the best of the best without having to work for it. College Graduates that are drowning in debt, but still refuse to give up on luxuries is a perfect example of this principle in action. Instead of tightening their belts, they continue to add to the debt and then cry wolf when everything starts to fall apart.
What made the baby boomers great and all those that came to the U. S decades ago? Everyone worked hard; there were no handouts, today’s generation’s wants the best of the best, but most of them do not want to work hard to achieve their goals. If nothing is done to address this handicap, this generation will continue to demand more and more while doing less and less. Eventually, someone has to pay for these handouts, and this translates into higher taxes; those that work hard will have to pay more and more to support those that don’t.
Things are getting so bad now, that you have websites that glamorise the concept of having a sugar daddy to pay for your college. More than 350,000 students belong to one of these sites, so it is a trend that is gathering momentum. In most cases, these students are going to expensive colleges as opposed to attending a state or city college where the fees are considerably lower.
Essentially what you have here are college students selling themselves to sugar daddies to pay for their college. In many cases, the students are attending very expensive colleges and studying for degrees that are useless and won’t land them a high paying job. So what’s the logic in attending an expensive college and earning a degree in a field that will not land you a decent paying job? Many of these students will be tempted to stick with the new trade they took up in order to pay for their college fees. A simpler and more effective solution would be to follow the simple strategy outlined below.

This post was published at GoldSeek on 4 August 2016.