2 ms·
Yes, racking up $100K of debt may seem good because you now have a 6 figure job which is good for the economy. However, what they don't explain is why $100K of
by pitt1980 10y ago
Yes, racking up $100K of debt may seem good because you now have a 6 figure job which is good for the economy. However, what they don't explain is why $100K of debt was needed, and not say $10K. Or why you shouldn't just take $1M of student loans out because wow you'd really be productive!
- gerbilly 10y agoI think universities are addicted to visa students and that drives tuitions through the roof.[1] Visa students don't require government funding, they just pay cash. And often those students, who come from the rich families of the entire world, money is no object, so tuition naturally rises to meet the price that they will bear. Of course government funding for domestic students does not keep up with that price inflation. Back in the late 80s, I paid for my Bachelors by working part time jobs, and I was a full time student. I don't think I could do that today, unless I worked nights and never slept. [1] Canadian universities anyway, may also apply to all north american ones.