The impending college loan implosion

I went to college, got my degree, and am now over $10,000 dollars in student loan debt. Was it worth it? Yes and no (and I’m leaning more towards the no). Now, it could be because I got a Bachelor’s degree in a liberal arts field of study, which entitled me to no real relevant skills, and I’m willing to admit that. Or, it could be because I feel the first two years of college are a complete waste of time; it’s a rehash of high school, except I had to pay money for the same classes. In any case, America has bought into the “college degree scheme” in which universities charge an astronomical amount of money for room and board and tuition. All the while,burying young adults in mountains of debt that most have no real plan on a way to pay it back. It’s easy as an 18 to 23 year old kid to say ‘Hey sign me up for those student loans, they’re easy to get.’ Then, four to five years down the road, those same students find themselves being crushed financially by student loan debt.

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