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Having little choice but to sign yourself up for a mortgage-sized debt that can't be discharged isn't the most obvious definition of "affordable" I've ever enco
by rosser 11y ago
Having little choice but to sign yourself up for a mortgage-sized debt that can't be discharged isn't the most obvious definition of "affordable" I've ever encountered.
- yummyfajitas 11y agoI'm defining "afford to go to college" as "have enough money to actually attend if they choose to". The number of people who actually attend is a lower bound on this number. A quick google search yields an average cost of $9k for a state school, $22k for out of state, and $31k for private. Maybe the expensive side of college is "mortgage-sized" debt, provided you are comparing to the cheapest mortgages.
- thetopher 11y agoLittle choice? There is a wide spectrum of choices for higher-education in the US. While I think the idea that everybody should go to college is fundamentally harmful, I do think that everybody who wants to should be able to go to college. On the other hand, taking out $200,000 in loans to study comparative literature at an ivy league school, and then demanding that the universe provides means to pay it all back is ridiculous. People should buy into their education with a long-term plan. Most people cannot afford the luxury of majoring in an unprofitable subject while incurring enormous debt.