Friday the Dick Durbin was at Augustana College touting his latest legislation that would allow refinancing student loans at a lower rate. After Durbin said his piece it was time for The Parade Of Victims
First up was ’10 Augie grad Joshua Schipp who is $80K in the student debt hole:
“Mr. Schipp said he was not prepared for the loan payments waiting for him when he graduated, ‘At first it was a nightmare. I was paying $700 a month in student loans on $11 an hour and the cost of living…”
If nothing else, this is a damning indictment of how inadequate education is in this country to prepare people for real life. Schipp “was not prepared for loan payments”? Really? Did no one tell him what a “loan” was and what was required of him? Pathetic.
The next victim was soon-to-graduate Augie student Cameron Onumah:
“I am willing to pay for my Augustana College education, but I want it to be fair. I want a fair shot in this world. I want to live comfortably. I want to enjoy my youth. I want to be able to save to buy a home. I want the American dream…I felt like I worked so hard in high school and so hard in college, and to tell me now that I went to college, I must defer my American dream. It is not fair.”
Wow! He doesn’t want much, he just wants it all—for a “fair price” to be determined at a later date after he’s had his youth, comfortable life, house and American Dream.
The majors weren’t mentioned for either of these victims, but I’m guessing it wasn’t math, business, finance or economics.