College grads have difficulty getting loans

[Brian Levredge]

http://www.housingwire.com/blog/student-loan-debt-making-it-more-difficult-get-mortgages

Obvious, I know. But looks like they will be renters for quite some time based on those numbers. Plus, it's nearly impossible to discharge federally guaranteed loans in a bankruptcy. All of this means a very large pool of renters for awhile.

[Joel Owens]

I am always adverse to hearing parents compare how things were when THEY grew up to the times of today. I think there are some similarities but also big differences.

I know college graduate after graduate that racked up tons of student debt yet when they get out have nothing to show for it but a mediocre job scraping by.

In my view it is a horrible decision to go to college for a majority.They get basic degrees that cover a broad spectrum and then face countless competition in a flooded market.

It's different if you are becoming a doctor,lawyer,etc. and you know the demand is out there.Many kids are pushed into college and just rack up debt and still have no direction when they leave.

I know my views won't be popular.I always did well in school "A" average.After 2 years in college doing core me and my friends looked at each other in our hangout at the pool table at the student center and said "What are we doing here?"

We all wanted to be business owners and not answer to the machine.So I left that year and went on my Merry way debt free.

School isn't the end all to be all that people make it.I still learn everyday but it is new items and not years of redundancy of stuff you already know.