Patch's Poll: Are Student Loans Worth It?

College graduates now owe more than $1 trillion for their education - debt that some experts say is crippling the economy. What do you think? Take our poll and add your thoughts in the comments.

College loans have topped $1 trillion, and defaults are on the rise.

"Outstanding student loans topped $1 trillion last year, exceeding the total amount of credit card debt. Thousands of borrowers are postponing getting married, buying a home or having children until their debts are paid off. Defaults are rising, which typically leads to larger loan balances. And the problem isn't limited to young adults. Some borrowers are older adults who went back to school. Others are parents who co-signed loans for their children," USA Today reports.

What do you think? Does the way we pay for higher education in this country need to be rethought? Are you buried under a mountain of student debt? Take our poll and add your thoughts in the comments.

John Yannacci, Sr. July 16, 2012 at 02:44 PM
I have to agree with you Revman. I have a nephew who got a full ride on a wrestling scholarship to Trinity in Hartford. He decided to major in Philosophy of all things. I tried in every way to talk him out of it but his parents were of the hippy genre and encouraged him. He is now a part time maintenance man at a ski resort in Colorado. His sister is doing just as well with her Political Science degree while working at a convenience store in Scotland, U.K.
Thomas Jefferson July 16, 2012 at 05:55 PM
Several problems with the education system it has to do with the educators themselves being grossly overpaid ever look up the salaries of professors at UCONN or Yale. The other bigger part of the picture is the US Dollar and inflation which we have had evey year since 1913 the creation of the federal reserve and that the USA went off the gold standard in 1971 thereby allowing the governemnt to be able to print money. This makes people work harder for there money and is also a hidden tax. The government should allow gold and silver to be used as currency alongside the dollar then the people can choose the best currency to use especialy if the US goes through inflation or hyperinflation which don't be fooled between the administrations of Bush and Obama inflation is coming and there is not much that can be done to stop it. At one time young college students who worked in the summer could pay a considerable amount of theer college loans and not owe so much if anything at all when they departed college of course that was before the gold standard was ended. We the people are at the beckon call of a private bank known as the federal reserve which is not federal and has no reserves and is not constitutional. Read Article 1 section 8 The congress have power To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures. The monetary policy of the US is not to be controlled by New York Stockbrokers and Bankers but by Congress.
Brian Walsh July 16, 2012 at 09:49 PM
Student loans are worth it as long as they are used in a limited way. Students and parents need to be honest with themselves about what type of education they can really afford and only use loans to fill in a small gap between their desired goal and their ability to pay.
Peggie Bushey July 16, 2012 at 11:41 PM
best answer yet, Chris!!
Thomas Jefferson July 17, 2012 at 01:06 AM
The military is an option however we are using our military as a world police force not as it was intended for defense of the country and young men and women are being killed in Iraq for what? Iraq was a sham Afghanistan was justified however we are nation building. Start defending this countries borders, ports and Liberty in this country becuase we are getting closer to losing it with stuff like the Patriot act. Again no one is looking at the inflationary dollar. Like oil, gas and food college tuition will also be going up combined with the cost to pay the professors. Cost of just tuition at Harvard for 2012-2013 is 38480.00 for a full time student and in 1965 tuition 1760.00. What the hell happened?


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