GREETINGS FROM THE CAPITAL DISTRICT!
Yes, yes, I am back in the freezing tundra that is Albany, NY for a whole new semester. At least I know, that at the end of the long tunnel will be warmer weather and more daylight and a very long summer vacation.
If you have noticed, I have changed the main picture of my blog. No, Manny Ramirez is not endorsing my blog, and I highly doubt that he is reading it.
But anyway…on to the relevant stuff…
In my public policy class, the professor asked us to group together, and to choose the top three policy issues facing our generation today. Of course, some said global warming, some said health care, and some even went as far as to say our legal system. But the one that most of the groups (including mine) were similarly concerned about, was the current rise in the cost of a higher education in this country. For like the last week, I had been thinking about writing about this issue, but I didn’t think that it was worthy enough for a blog entry. But after that class, I was like, this is a f*&%ing sign!
But really, if your reading this, and you’re a college student, then you will know where I am coming from. Not only have schools (both public and private) have seemed to go up, but to be honest, that is a touchy issue, and it happens. As we all know it, the economy sucks, and to maintain these microcosms full of the young and crazy population of our society, so yeah, it’s quite understandable. No matter how much we bitch and moan about that, these schools can basically say, “Well if you can’t afford it, go somewhere else.” And come on people be realistic. Yeah, the cost of a better education is priceless, and I am not arguing that. People should go beyond the limit to learn and get some form of a degree past a high school diploma, because it means a somewhat better future. But do not bury yourself in a financial hole to go to a really prestigious school, especially if the career track you want to go into isn’t going to really help pay back the money you will owe in the future. A few months ago, I read an article in the New York Times about how this Mother helped her Daughter afford to go to NYU so she could go into photography. They even said, there was basically no way to afford it. They took loan after loan after loan in order to afford it, and now about 9 years later, the mother and daughter have a debt of about $70,000+, plus interest!
What I liked least about the article was two things. 1) The mother said it was well worth it because it made her daughter happy and 2) The writers purpose was to, as common theme during these troubling times, blame the banks for allowing these people to take out loans they wouldn’t really be able to pay back.
To the parents out there, don’t make this same mistake. Yes, you want to be a friend to your child, and you want to help them accomplish whatever goals they set forth for themselves. However, as parents, your job is to help your kid to go from being a child, and to mold them into responsible adults, and setting themselves up for their future. However, putting them in a situation similar to the one mentioned before in the article goes against that. You want to make them happy, but you do not give your kids everything they want. As a parent, you make decisions that are tough, so make just one more and tell your kids to be realistic. Help them find a better solution, send them to a good and affordable school. They might resent you for a bit, but they will appreciate it in the long run.
Also, you can’t blame the banks completely in all these situations. Because they don’t force student’s and their families to take out these loans. As the saying goes, its all in the fine print. Before taking any burden of such kind, families should come together to plan and see what they have to do in order to afford such loans, and not do it blindly. If one takes out a loan, they were approved on the basis that they are capable of repaying it. They just don’t hand out this money freely.
I have a lot of cousins going through the process of ending high school and looking at colleges right now, so I felt as if I had an obligation to do this. Be smart, get scholarships, get involved so you do get scholarships for that opportunity to get into that dream school of yours. Nothing in life is impossible. Dream big. Just take it one step at a time. Hopefully, it’ll help out the future parents and the future college students reading….
Till next time folks….