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His family 'moved' to the U.S. when he was 6 years old, he made the choice himself to take out such an astronomical amount for student loans, and now I suppose he wants it all canceled?
But Sorto ended up with a different plan. At a college fair his senior year of high school, he realized higher education could be a reality for him. He attended a local university, thanks in part to Pell grants, scholarships for low-income students. Then, to progress in his chosen career as a probation officer, he sought a Master's degree, and later a Ph.D.
He now has $250,513 in student debt.
"I had to continue to provide for my mother and my grandmother, and so I had no choice but to start accumulating debt," Sorto told Insider. "It's the price I had to pay to achieve the American Dream."
Did he get a marketable skill for that money?
He got an advanced degree So I assume he was smart enough to know what he was doing? Maybe.
If there is an issue whose fault is it?
"I had to continue to provide for my mother and my grandmother, and so I had no choice but to start accumulating debt," Sorto told Insider. "It's the price I had to pay to achieve the American Dream."
He did have a choice.
Wisdom did not come with that education it seems.
Short of him becoming a director of public safety or a prison official, he’s going to spend a long time paying off that debt. Does he even make $50k a year? A PhD is useless unless he’s looking at upper management or getting into education.
His family 'moved' to the U.S. when he was 6 years old, he made the choice himself to take out such an astronomical amount for student loans, and now I suppose he wants it all canceled?
Sounds like my nephew. His parents spent about 250k on his education. He received his BA degree and is some sort of probation/social worker thingy........no debt however. He does not make good money at all, not even close.
The article doesn't directly say how he was spending the borrowed money, so I'm going to speak in generalities.
In cases like this, often the borrowed money is being used to pay for both school and living expenses. At first that makes sense, because you can't go to school if you don't have food and a place to live. But what can happen is people aren't staying in dormitories and eating sandwiches, but rather living in an apartment and eating in restaurants. They're not living high on the hog, but they are living a middle class life on borrowed money for several years.
Well, that's fine by me if you can get that deal.
BUT what galls me, is that there is a movement for loan forgiveness. That means that you and I are going to have to pay for these people who would rather go to school for 8 years than get a job of any kind, or even worse (in their minds), live at home while going to school. I had my own kids to support.
That person chose to go into massive debt, they can choose to pay it off or file bankruptcy. I think you should be allowed to file bankruptcy on college debt if you want and destroy your credit for 7 years. I'd be fine with that, but just paying off student loans? No thanks. Doesn't matter the left will eventually do it anyways.
I laugh at these parents who think it's their obligation to pay for their children's college. We have such a soft society today. Never lend money to relatives you aren't willing to never see again and don't assume they will spend it wisely. People need to get degrees for careers that will make them more money than the private sector without a degree would. I make $65k without a degree and work little overtime.
to progress in his chosen career as a probation officer, he sought a Master's degree, and later a Ph.D.
What? A masters degree and then a Ph.D to be a probation officer?
Sorry, but this mess is entirely self-inflicted.
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