Sunday, April 19, 2015

Student Loan Borrowers are Clueless and Could Care Less about their Student Loans. Proof:

How can this be?  $1.3 trillion in student loan debt and only 60 followers of this Student Loan Action Group blog? There should be 50 million-not counting parents and other cosigners as well as people who make a living delivering higher education services in America. Perhaps some of you can REDDIT or Facebook or Tweet (or whatever) the fact that this Student Loan Action Group blog even exists? Spread the word. Keep posted to the posts - the most important one being the first, which offers a comprehensive approach to resolving the student loan 'crisis' in America:  see the fort post, "WHAT WE WANT," at:;postID=7715673524180606627;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=6;src=postname

Then email me at after starting your local college chapter of Student Loan Action Group....When you get back from student break, before Summer, after you're done studying, watching TV or something on you iPhone or iPOD or texting whomever for the nth time, think about DOING SOME THING to improve the quality of your life and that of your family and friends. Join Student Loan ACTION Group to lower your college costs, increase your income and reduce your financial and other liabilities...

-by the Editor/Blogger. Feel free to copy/paste/email/tweet this post with our without attribution.

Some parents got no money to retire on as they help cover college costs!?

T. Rowe Price: Many Parents Short-Changing Their Retirement to Cover College Costs
"Some are willing to take on considerable college debt: 52% of respondents are willing to take on $25,000 or more in debt to pay for their kids' college .. Survey Finds That About Half of Parents Are Willing to Delay Retirement and Dip Into Retirement Savings to Pay for Kids' College..." read it at:

Bottom line: Perhaps responsible young college-bound students - and all college students - can reassess their choice of college and how much its total cost will be to overall family finances, not just on them but on their whole family: Mom and Dad, siblings, others. If the burden is too great, seeking a less expensive schools that can deliver a quality education with greater financial aid might be the wiser choice for all in the long run.  And college students might also determine what the net return on their total college investment will be for the major chosen and rethink the choice if it fails to deliver what's needed to live and to pay back student loans...