> Why? It's a luxury purchase like any other. There's nothing wrong with that. As long as people know what theyre signing up for let them do their thing! If th

> Why? It's a luxury purchase like any other. There's nothing wrong with that. As long as people know what theyre signing up for let them do their thing! If that's what people view it as, and they're ok with how much debt they're going to incur and all of the stipulations that come with that debt, then more power to them. Can't argue with that. But I think many people are not really doing that value calculation thoroughly or at all. There are a lot of students who sign up for college because that's what they "should" do and they don't necessarily properly evaluate whether the cost is worth it in lifetime earning potential or personal fulfillment. It's kind of like the housing market before the bubble. Most Americans believed that they "should" own a house and believed that real estate is always a good investment. We all see how that turned out.