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I 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 pai
by jartelt 10y ago
I 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.