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Just out of curiosity, did you attend school? If so, how exactly did you pay for it?
by wtvanhest 10y ago
Just out of curiosity, did you attend school? If so, how exactly did you pay for it?
- jartelt 10y agoI got BS from a public school. I paid for school via a mix of working ~10 hours a week throughout the school year, applying for local scholarships, doing a paid internship every summer, living in a cheap apartment, and then getting some loans. Since my tuition was only ~$10,000 a year and I graduated in 4 years, the overall amount of loans needed were not huge and could be paid off relatively quickly.
- wtvanhest 10y agoI did a similar thing for undergrad and graduated with no debt. After working a few years went back for a grad degree which is how I accumulated some grad debt. Luckily I am doing fine and will have it paid off relatively quickly. My issue is more with the structural disadvantages we are creating for others and I think creating a system that is fair for both types of borrowers, home loan borrowers and student loan borrowers makes sense. I would even consider allowing the write-off of discretionary interest like car loan interest. It should likely be capped at some value that allows people to buy a new, but not ridiculous car. (I don't own a car so this is especially not something I care about). Point is, if home buyers are writing off their interest, people who are investing in themselves definitely should. I also agree with your elegant solution, and would support no write-offs, but I believe it is harder to take away write-offs than to add them.