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It's an investment if it used to improve your economic condition, otherwise an expense.
by rtx 10y ago
It's an investment if it used to improve your economic condition, otherwise an expense.
- Spivak 10y agoMaybe better phrasing would be you expect investments to appreciate in value. Although student loans could be viewed this way as investments they certainly not investments in the typical sense. You take out a car loan because you expect to extract more value from the car than its price plus interest. You take out a student loan for the same reason. If student loans were buying a some percentage of your monetary worth or income then I could see investment angle but that's basically owning a person which I couldn't support.