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03-10-2017, 11:50 AM #1
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?
03-12-2017, 10:59 AM #2
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.
Worse, for most, that spoiled sense of entitlement does not even vanish after they graduate.
03-16-2017, 01:46 PM #3
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".
03-17-2017, 01:58 PM #4
Those loans are subsidized. So its totally cool.
03-20-2017, 10:13 AM #5
I'm guessing a lot of people are already anticipating the forthcoming debt forgiveness. So why bother being judicious with the borrowing.
03-21-2017, 02:02 PM #6