Archived posting to the Leica Users Group, 2012/03/20
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]It is still considered a part of the parent's duty to fully educate their offspring here in India (I am talking lower middle class and above here). Of course, there is some self preservation involved, as it is still considered a part of the offspring's duty to look after the parents in their old age. My parents in law have always stayed with me, and my parents with my brother - and they have done so for the past 20-25 years. The old joint family systems have not noticeably broken down as yet, though in urban India it is starting to happen. As far as the USA is concerned, it is my considered view that the only bubble that has not collapsed yet is in education - both in terms of affordability, and the sheer weight of student loan debt that has no chance of being repaid. Cheers Jayanand On Wed, Mar 21, 2012 at 3:01 AM, Sonny Carter <sonc.hegr at gmail.com> wrote: > On Tue, Mar 20, 2012 at 4:07 PM, Jim Nichols <jhnichols at lighttube.net > >wrote: > > > Hi Sonny, > > > > In the late 1940s, I knew of no such things as student loans. With a > > little help from my parents, I entered college and then used the simple > > musical skills I learned in our high school band to work my way into the > > local college dance band and a smaller group that played Saturday nights > in > > a night spot. The earnings weren't great, but they enabled me to get > > through four years and finish with an engineering degree. > > > > I concluded that, though I enjoyed the music business, I would pursue > > engineering as a career to make a living. > > > > > I went to a state school in the early 60's and typical room, board, books > and tuition for a year was under $900. I did four years without debt. > > My eldest son went to the same school I did, graduated four years ago, and > thanks to scholarships, debt was just south of $10K > > Eric has a full tuition scholarship at a private university, one of two > bassists that year to get music scholarships. After being very frugal, > loan debt will be in the neighborhood of $40K > > > > -- > Regards, > > Sonny > http://sonc.com/look/ > http://sonc-hegr.tumblr.com/ > Natchitoches, Louisiana > > USA > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >