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You are lauding the "financial responsibility" of 18 year olds taking what it usually the losing side of an enormous lifetime financial gamble that they are for
by pytester 7y ago
You are lauding the "financial responsibility" of 18 year olds taking what it usually the losing side of an enormous lifetime financial gamble that they are forced into? You're arguing that choosing tails on a bent coin is the "right" choice?
Just to be clear: 1) college debt is enormous 2) on balance it is worth the risk given future earning potential 3) it's not clear to the average person let alone the average 18 year old whether the gamble is correct.
- baddox 7y agoI'm sorry, I don't think I'm arguing the things you suggest I'm arguing. I also don't know whether taking on college debt is usually worth it. If it is, then why do we need to forgive all the debt? If it's usually a wise choice to take on the college debt, then shouldn't we just have some programs for the minority of people whose post-college earnings were insufficient (something more like Warren's plan to means-test the aid)?