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  1. #1
    Registered User Pro Member
    Posts
    555

    Spring Break = Spring Debt

    It is spring break time for many colleges. And time for reports about college students funding their tropical beach weekends thanks to student debt. I know I did this, and lived to regret it.

    Anyone else take out more in student loans to help finance a larger lifestyle than necessary?


  2. Spring Break = Spring Debt
  3. #2
    Registered User Senior Member
    Posts
    190
    I saw something about this. About 30% of those with student loans take out extra for spring break. But, of course, money is fungible. So any student taking out loans and spending money on a debauchous weekend is in effect borrowing extra for the experience.

    Pretty sad.

    Worse, for most, that spoiled sense of entitlement does not even vanish after they graduate.

  4. #3
    Registered User Junior Member
    Posts
    43
    I saw one estimate that 30% of spring breakers take on extra loans for their vacation. Astounding. A vacation you get to pay off over the next 30 years. Hardly seems worth it. Even if you come back and label your break as "EPIC".

  5. #4
    Registered User Junior Member
    Posts
    48
    Those loans are subsidized. So its totally cool.

  6. #5
    Registered User Junior Member
    Posts
    27
    I'm guessing a lot of people are already anticipating the forthcoming debt forgiveness. So why bother being judicious with the borrowing.

  7. #6
    Quote Originally Posted by Madison View Post
    I'm guessing a lot of people are already anticipating the forthcoming debt forgiveness. So why bother being judicious with the borrowing.
    Sadly, this is probably spot on.

  8. #7
    Registered User New Member
    Posts
    9
    Why is getting drunk and hooking up with strangers and accepted part of a college rite of passage anyway?

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