Unsurprisingly, the article keeps mentioning student debt as a limiting factor...so I must rant:
Your parents really failed you if they didn't do everything in their power to stop you from taking out a $150k loan to go to a (possibly unaccredited) school for some speciality education unless they saw you being the kind of person to put in the constant 60-80 hour weeks to make the degree worthwhile. I can't blame kids for making that mistake when they are just 18, are told they have to go to college, have no understanding of life and finances, etc. The whole "student loans are crippling" argument really stems to the system itself failing - for profit schools, federal loans being easier to get than weed, and parents not doing enough research to help their 17 year old make a decision that could leave them in debt for the rest of their life.
Student loan issues should not be any major problem whatsoever. I went to a super expensive luxury school a few decades ago that was over 40K/year and I didn't even finish the first semester because I placed out of every Spanish and Physics class the University had to offer and their CS department was an f-ing joke. I transferred to a midwest state university and it was $4500/year for education, room, board and shitty food. I applied for and got a summer internship my first year, which led to 4 summers of work and 3 weeks work every winter at the holidays, used that and working in the computer lab a few days/week for covering costs. Graduated with zero debt.
My ex-wife graduated with over $120k in debt and proceeded to spend $25k/year in online supplementary schools for a profession she didn't even enjoy enough to do outside of work. We divorced during that, her dad was rich af and just kept paying for it. She is now an aerobics instructor and loves it.
In conclusion - I can't decide who to blame more: education systems, parents, creditors, governments or the people that make the decision themselves while trusting the latter 4
Unsurprisingly, the article keeps mentioning student debt as a limiting factor...so I must rant:
Your parents really failed you if they didn't do everything in their power to stop you from taking out a $150k loan to go to a (possibly unaccredited) school for some speciality education unless they saw you being the kind of person to put in the constant 60-80 hour weeks to make the degree worthwhile. I can't blame kids for making that mistake when they are just 18, are told they have to go to college, have no understanding of life and finances, etc. The whole "student loans are crippling" argument really stems to the system itself failing - for profit schools, federal loans being easier to get than weed, and parents not doing enough research to help their 17 year old make a decision that could leave them in debt for the rest of their life.
Student loan issues should not be any major problem whatsoever. I went to a super expensive luxury school a few decades ago that was over 40K/year and I didn't even finish the first semester because I placed out of every Spanish and Physics class the University had to offer and their CS department was an f-ing joke. I transferred to a midwest state university and it was $4500/year for education, room, board and shitty food. I applied for and got a summer internship my first year, which led to 4 summers of work and 3 weeks work every winter at the holidays, used that and working in the computer lab a few days/week for covering costs. Graduated with zero debt.
My ex-wife graduated with over $120k in debt and proceeded to spend $25k/year in online supplementary schools for a profession she didn't even enjoy enough to do outside of work. We divorced during that, her dad was rich af and just kept paying for it. She is now an aerobics instructor and loves it.
In conclusion - I can't decide who to blame more: education systems, parents, creditors, governments or the people that make the decision themselves while trusting the latter 4
Unsurprisingly, the article keeps mentioning student debt as a limiting factor...so I must rant:
Your parents really failed you if they didn't do everything in their power to stop you from taking out a $150k loan to go to a (possibly unaccredited) school for some speciality education unless they saw you being the kind of person to put in the constant 60-80 hour weeks to make the degree worthwhile. I can't blame kids for making that mistake when they are just 18, are told they have to go to college, have no understanding of life and finances, etc. The whole "student loans are crippling" argument really stems to the system itself failing - for profit schools, federal loans being easier to get than weed, and parents not doing enough research to help their 17 year old make a decision that could leave them in debt for the rest of their life.
Student loan issues should not be any major problem whatsoever. I went to a super expensive luxury school a few decades ago that was over 40K/year and I didn't even finish the first semester because I placed out of every Spanish and Physics class the University had to offer and their CS department was an f-ing joke. I transferred to a midwest state university and it was $4500/year for education, room, board and shitty food. I applied for and got a summer internship my first year, which led to 4 summers of work and 3 weeks work every winter at the holidays, used that and working in the computer lab a few days/week for covering costs. Graduated with zero debt.
My ex-wife graduated with over $120k in debt and proceeded to spend $25k/year in online supplementary schools for a profession she didn't even enjoy enough to do outside of work. We divorced during that, her dad was rich af and just kept paying for it. She is now an aerobics instructor and loves it.
In conclusion - I can't decide who to blame more: education systems, parents, creditors, governments or the people that make the decision themselves while trusting the latter 4