Placing the Blame as Students Are Buried in Debt
Like many middle-class families, Cortney Munna and her mother began the college selection process with a grim determination. They would do whatever they could to get Cortney into the best possible college, and they maintained a blind faith that the investment would be worth it.
Today, however, Ms. Munna, a 26-year-old graduate of New York University, has nearly $100,000 in student loan debt from her four years in college, and affording the full monthly payments would be a struggle. For much of the time since her 2005 graduation, she’s been enrolled in night school, which allows her to defer loan payments.
http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html?pagewanted=1She recently received a raise and now makes $22 an hour working for a photographer. It’s the highest salary she’s earned since graduating with an interdisciplinary degree in religious and women’s studies.
Who is to blame?
Stupid mom and stupid daughter. Not for being poor and going to NYU, but for being poor, going to NYU and getting a WORTHLESS degree.
It's just a terrible example on which to base an article, asking this question. You would have to assume that most people going to college are going to be more responsible than people who took out the liars loans for their mortgages, if only because you cant bankrupt your way out of the debt... but is another meltdown imminent?