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Are student loans killing the traditional family?

Are student loans killing the traditional family?
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National student loan debt has surpassed $1 trillion, topping credit card debt for the first time and has prompted new calls for a student debt bailout. At the same time, marriage and birthrates are falling, while the average age people tie the knot is inching ever upward.

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Comments

My youngest son just started college with a huge debt, his girlfriend attending a private university. They have already discussed the idea of NO children. My son is realizing very quickly how difficult it is to make ends met without having to add children or wedding expenses. They have a 4-5 year plan to get married, discussing the idea of a courthouse wedding. It's just too expensive to have a huge catholic wedding, children pm top of trying to pay off student loans and credit cards.

06/01/2012

I absolutely do not agree with this:
"First there should be forgiveness of all student loan debt covered by the government."

I recognize the burden that debt places on the newly graduated, but every matriculating freshman that signs a loan paper knows that at some point in time it will need to be paid back. They make a commitment and they sign a contract. No where in the paperwork is there a guarantee that a six-figure income will be waiting after they pick up their diploma. Yes, the economy is bad, and school is expensive. Welcome to life, it's hard. No one gets to just walk away from their responsibilities.

No one is entitled to an easy path. There are people who worked two jobs (or more) and went to a state school so that they could pay as they went, and graduate debt free. There are people who spent the first ten years of their working lives scrimping and saving and going without, so they could pay back their loans. They made sacrifices. Now let those who chose to borrow their way through higher education do the same.

06/15/2012

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