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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 25, 2012/ 3 Iyar, 5772

Out of College, out of Luck

By Roger Simon




http://www.JewishWorldReview.com | There are millions of college students in this country who can't pay back their college loans and millions of others who simply don't want to.

I have a lot of sympathy for the first group and none for the second.

Americans today owe more in student loans than they do on their credit cards. The figure is expected to hit $1 trillion this year.

Getting a large student loan today is about as difficult as it once was to get a home mortgage: If you are breathing and can sign your name, you can get the loan. (In a pinch, the breathing requirement can be waived.)

The government gives student loans because it believe a college education is a good thing (true) and that college students will get good jobs upon graduation and pay back the loans (not so true).

Private institutions are happy to make student loans because, unlike other loans, the borrowers cannot wipe them out through bankruptcy.

If you went to college in a search for knowledge, independence and personal growth, you may be happy with your life today. But many kids look upon college as jobs factories, a place that will grant them a degree, which will automatically lead to a high-paying job.

The first group contains people like art history majors, who probably can tell you the difference between Monet and Manet while getting you your venti cappuccino at Starbucks.

They are not alone. According to a recent study by The Associated Press, college graduates who majored in art history, zoology, anthropology, philosophy and the humanities "were among the least likely to find jobs appropriate to their education level."

Those who studied nursing, teaching, accounting or computer science degrees were among the most likely.

But even being in the latter group does not guarantee success. About 54 percent of those who graduated with bachelor's degrees and are under the age of 25 last year are "jobless or underemployed, the highest share in at least 11 years."

And they still owe their student loans. Contrary to the impression left by a spate of recent stories — President Obama is making a big push this week to keep the interest rate on student loans from doubling and to make college more affordable — the average student loan debt is burdensome but not staggering: It is about $27,500, and you get to pay it off in installments.

That's still a lot of money if you don't have a job or if you have a lousy one. But what happens if you have a good job?

Greed sometimes happens. The desire to spend one's money on a BMW and a MacBook Air rather than paying off your student loan sometimes happens.

Some years ago, it was revealed that 26 percent of the doctors who got government loans while at Harvard Medical School were in default. That was twice the national average for all students and 11 percent higher than the average for all doctors.

Other abuses were found: The Education Department forgave $4 million in student loans because the borrowers were supposed to be dead, a reasonable excuse. Except the borrowers were very much alive and, I imagine, laughing.

In Chicago, federal prosecutors invited one student loan deadbeat in for a friendly chat to iron things out. He showed up in a new Lincoln, but didn't go home in one. The prosecutors seized the car.

People who do pay off their loans — people like me, who graduated with a degree in English literature and an interest in journalism, two solid qualifications for unemployment — get to indulge in one of the best emotions there is: self-righteousness. It can fill me with a warm, smug glow all day.

President Obama is struggling with Congress to prevent it from doubling interest rates on loans to mostly middle-class students — a struggle that, if successful, would cost taxpayers about $6 billion per year.

Obama is proud of paying off his loans, but also sympathetic to those who are having trouble doing the same thing.

"Look, I'm a guy who had about $60,000 worth of debt when I graduated from law school, and Michelle had $60,000," Obama said in July last year. "And so we were paying a bigger amount every month than our mortgage. And we did that for eight, 10 years. So I know how burdensome this can be."

Both ended up with jobs, of course, and Obama's current one pays $400,000 per year. But should you risk taking out a big college loan in the belief that you will be able to get a high-paying job when you graduate?

Some think not. "You can make more money on average if you go to college, but it's not true for everybody," Harvard economist Richard Freeman told The Associated Press. "If you're not sure what you're going to be doing, it probably bodes well to take some job, if you can get one, and get a sense first of what you want from college."

To me, this is sad. College is about more than getting a job. It is about stuffing your head with remarkable things, meeting interesting people, expanding your horizons and drinking to excess.

Most of those things are worth the dough.

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