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My Response For Why The Student Debt Financial Problem Is Primarily A Parent Issue.

“AARP is worried about student loans.” 
This is my reply, after reading the post on facebook.
Luis Camillo Almeida 
Luis Camillo Almeida Fancy trips… spring break, studying abroad, going back home away from school many times a year… This one is tough to estimate… on average, I will estimate in $1000 a year. Beer money. I know, not all students drink alcohol but the majority do. I bet that a $200 bill a month on alcoholic drinks wouldn’t cover what kids spend on this these days. So beer expense: $2500.
SO, let’s calculate the total extra expenses: 6000+3000+1800+960+960+1500+500+6000+1000+ 2500 = 24220 a year. Let’s multiple that by five which is the average time students complete a College education: $121,000! There are a three things we can conclude from these simple posts here on facebook. 1) College tuition is far from being the only burden in the contemporary “student loan crisis” rhetoric we have these days. 2) Students are living life as an adult in college and most will be living life a student for life. 3) The actual problem IS NOT a STUDENT problem. It is a PARENT problem for allowing them to make such poor life decisions at this age.
Luis Camillo Almeida I’m going to make this very clear in here. Gen z, millennials… aren’t any different from us when were we young. So STOP BLAMING THEM! The issue, ladies and gentleman, is that most of us (older people) suck at making them accountable for their actions and understand the value of money. The problem is you, bro. Don’t blame the kids or colleges and universities (only) for this serious crisis.


This post first appeared on The Dr. A, please read the originial post: here

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My Response For Why The Student Debt Financial Problem Is Primarily A Parent Issue.

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