Students Pursuing Risky Degrees Draw More Than $25 Billion In Yearly Federal Loans
Noël Flynn is spending more than 80 percent of her income to pay back tens of thousands of dollars in debt for her Art Therapy degree. In 2016 alone, the Department of Education loaned $25.9 billion to students who, like Flynn, chose degrees under the umbrella of the liberal arts and humanities, an analysis by The Daily Caller News Foundation found.
A significant portion of those students are unlikely to have the means to pay back their debt after graduating.
“I find myself struggling financially, and the biggest reason why is student loans,” said Flynn, 23, who says she was told the loans “wouldn’t be overwhelming” once she graduated.
Most federal student loan programs do not require a credit check, nor do they require a cosigner. Rather, the loans are backed by nothing more than the borrower’s future earnings with a college degree, but the kind of degree isn’t a consideration in the loan process.
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5 comments:
This is no joke and it’s not new. I know kids (adults now) that got degrees in motel management and even golf.
A college loan forgiveness ruling would torpedo our economy.I stopped watching Susie Orman because she kept preaching that.
How about a Bachelors in Audio Production? Or one in Computer Animation? You can get both a Bachelors and a Masters in Entertainment Business. A Game Art Bachelors? Or maybe a Sportscasting Bachelors. You can get both a Bachelors and a Masters in Game Design. These are just some of the silly ones but realty is most degrees end up being useless. Democrats "trained" moron IQ level parents to tell their children "even a degree in "basket weaving" is fine just get that degree." Democrats goal is to keep people in chains including the chain of debt.
The family laughed when my nephew got a degree in turf management about ten years ago. He's now making over $95,000 at his main job (golf course) and an undisclosed amount for the sports turf company he and his partners started.
Better learn how to drive a truck sweetie.
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