Study: Student Loans Going Toward Food, Trips

Study: Student Loans Going Toward Food, Trips


LIFE. PEOPLE WATCHING. ARE YOU ONE OF THE LAST PEOPLE ON THE PLANE NO MATTER WHAT. ALWAYS. YES. WHAT’S THE HURRY. MANY STUDENTS GET STUCK WITH STUDENT LOANS. BUT ACCORDING TO LEND EDU. A COMPANY THAT HELPS STUDENTS WITH FINANCES THEY SAY 1/3 OF COLLEGE STUDENTS ARE TAPPING INTO STUDENT LOANS TO PAY FOR SPRING BREAK VACATIONS. THE POLE FOUND STUDENTS ARE USING LOANS TO PAY FOR ALCOHOL, CLOTHING, DINING OUT, DRUGS, AND GAMBLING. THEY KIND OF LOOKED AT 500 CURRENT COLLEGE STUDENTS WHO PLAN ONGOING ON SPRING BREAK. AND WHO ALSO HAVE SOME AMOUNT OF OUTSTANDING STUDENT DEBT. THEY ESTIMATE 2.4 MILLION STUDENTS ARE DOING THIS. 2.4MILLION STUDENTS. THEY’RE USING PART OF THEIR STUDENT LOANS TO PAY FOR SPRING BREAK. ROOM AND BOARD LOAN AMOUNT. OR YOU GET A CHECK DIRECTLY TO YOU. MY LOANS CAME IN AND THEY WENT STRAIGHT TO TUITION. YOU COULDN’T USE IT FOR ANYTHING ELSE. BUT THERE ARE LOANS FOR ROOM AND BOARD AND INCIDENTALS AND TRAVEL BACK AND FORTH. SPRING BREAK IS EXPENSIVE. IF YOU’RE A BROKE COLLEGE STUDENTS AND ALL YOUR FRIENDS ARE GOING ON A TRIP. YOU FIND A WAY TO MAKE IT HAPPEN. THERE ARE SOCIAL PRESSURES FOR COLLEGE KIDS TO GO ON SPRING BREAK. I DON’T THINK IT’S RIGHT TO USE YOUR STUDENT LOAN MONEY. THERE ARE OTHER WAYS TO PAY FOR IT LIKE GETTING A JOB. BUT THERE’S SOMETHING TO BE SAID WITH A STUDENT LOAN SUBSIDY. WHERE IS THE MONEY GOING? AND I THINK THERE SHOULD BE A PROOF IN PLACE. LIKE YOU TALKED ABOUT WHERE YOUR MONEY WENT DIRECTLY TO PAY FOR COLLEGE. BUT THESE STUDENTS ARE USING THE MONEY. AND I DON’T THINK THEY UNDERSTAND THE REPERCUSSIONS OF WHAT THAT STUDENT LOAN DEBT COULD DO TO THEM IN THE FUTURE. I’M FINE WITH IF YOU TAKE OUT A LOAN, YOU’RE PAYING IT BACK LATER, SPEND IT ON WHAT YOU WANT. THAT’S FINE. BUT THE PROBLEM IS NEARLY HALF OF THE STUDENTS. THEY DID ANOTHER POLE. THEY BELIEVE THAT THE GOVERNMENT IS GOING TO FORGIVE THESE LOANS LATER. NEARLY HALF. IT’S LIKE 48%. THAT I THINK IS WHERE THE PROBLEM COMES IN. THIS IS THE REAL ISSUE HERE. THERE IS A VERY IMPORTANT NATIONAL DISCUSSION GOING ON ABOUT WHAT WE SHOULD DO WITH THE CRUSHING STUDENT DEBT THAT SO MANY YOUNG PEOPLE ARE GRADUATING COLLEGE WITH. YOU CAN’T START YOUR CAREER BECAUSE YOU HAVE $70,000 OF DEBT. THIS WHOLE CONVERSATION IS PREDICATED ON BELIEF THAT PEOPLE ARE USING IT FOR COLLEGE. SO IF KIDS ARE GOING ON THE SPRING BREAK USING THEIR ROOM AND BOARD MONEY FOR EXAMPLE, THIS IS A HUGE PROBLEM. IT DOES MAKE ME MUCH MORE SKEPTICAL OF SAYING LET’S FIGURE OUT A WAY TO MAKE IT EASIER TO PAY THIS STUFF OFF. WHAT ARE WE TEACHING KIDS IN SOCIETY HOW TO BE FISCALLY RESPONSIBLE IF THEY’RE SPENDING THEIR MONEY TO GO ON ALA VISUAL SPRING BREAK TRIP? LAVISH SPRING BREAK TRIP. HOW ARE PARENTS OKAY WITH THIS?

Comments

  1. Post
    Author
    Roberto Allende

    Ha! Another stupid right-wing campaign against young people.

    Any time right-wing nuts can insinuate or imply that young people are fat, lazy, stupid, too easily offended, too violent, not patriotic enough, or just want "entitlements," they will do it.

    This is a campaign to quash student loan reforms and to get ordinary Americans to stop supporting students who have student loan debt so that corporations can keep bleeding students dry.

    Yeah, if you ask 500 kids at Cancun and Daytona Beach, it's going to be a high percentage. If you ask people in a nursing home if they're sick, an extraordinary high number of them would say yes when compared to the general public.

    Had they conducted real surveys at real colleges, it would have been much lower than 31%.


    I can prove anything by statistics except the truth. ~ Attributed to George Canning

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