Monday, November 30, 2015

Margaret King 1st- Parents Help Pay Their Children's Debt

Susanne and Bill Walsh wanted to retire and travel the world by their late fifty's but they have not been able to as they still have to work to help both of their sons pay off their college debts. 24 year old Tim has approximately $129,000 in debt while Sean has $60,000. All together there is a total of $189,000 in debt. The parents lost their jobs in the 2009 recession and have since become employed again giving their sons $744 a month.

This is not the only family in this situation. Thousands people suffer from college debt and are losing everything because they cannot get a job. I think it is terrible that society makes it so in order to get a job you have to go to college, they make the price to go to college outrageously expensive, and then after you finish it there is no guarantee of a job and you could end up doing all of that for nothing. Something needs to change.

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