Are stundent loans makeing indentured servants of our young I here some kids owe 100,000 and more?

Answer 1

Now that is a thought to ponder.

I know of a person who borrowed around 55k for college and has to pay around $600/month on student loans. Can this person find a job making enough money to pay this straight out of college? And if they do, how long will it take the person to pay it off? I think that there should be student loan reform programs in place to help kids pay off their loans in a reasonable fashion. Consolidation is not enough.

Depending on the major, the government will cancel portions or entire balances of loan in exchange for working in a particular field for a specified number of years. For example, a teacher can cancel certain loans at a rate of 20% per year having the whole deal canceled in five years as long as they work in an under-served area. Sounds like indentured servitude to me.