Here's an article that discusses student loans and job and life choices for our generation. They don't mention the arts but I know my loans are much higher than the kids mentioned (MUCH HIGHER) and NYC is much more expensive than most of the country. I'm in a lot of debt people and I will be paying it off for the next 30 years unless something extraodinary happens. Isn't it amazing what we will do for our art?
Student loans - a life sentence Forget about getting married and buying a home. This generation is thinking about next month's payment.
"Call it a reverse dowry: college debt diverts careers and delays or impedes graduates' plans to get married, buy a home or even to start a family. The effects can last years."
The cumulative effect of such student debt on graduates is unclear, although few would argue that its impact will be positive for the graduates, the economy or society.
"We've never done this to a generation of young people before," said Dr. Heather Boushey, Senior Economist at the progressive Center for Economic and Policy Research. "We've never put a generation in their 20s in debt they can't get out of before they started their work life."
"The normal approach in any healthy society is to help young married couples get started in life through marital gifts, dowries, and the like," Allan Carlson of the socially-conservative Howard Center for Family, Religion, and Society said.
"We now burden many young adults with student debt, sometimes massive in nature; the price being paid includes marriages delayed or foregone and fewer children. This is foolish public policy."