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If they are "funded" by their parents - why would they need to earn any of that back? Is that really how it works in the US? It's a matter of course in other c

If they are "funded" by their parents - why would they need to earn any of that back? Is that really how it works in the US? It's a matter of course in other countries that parents fund the education of their children.

creata 6y ago
> It's a matter of course in other countries that parents fund the education of their children. In some countries. In others (such as Australia), students take out an interest-free loan from the government, and are expected to pay it back, with or without the help of their parents.
TheAdamAndChe 6y ago
Are most students funded by their parents? I certainly wasn't, and neither was my wife.
- bluntfang 6y ago
  You can't forget the HN demographic of upper middle class white men who pay for their children's education. I'd say most young adults entering college have a loan in their name. Cursory research [0] says >Today, roughly 70% of American students end up taking out loans to go to college. The average graduate leaves school with around $30,000 in debt and all told, some 45 million Americans owe $1.6 trillion in student loans — and counting. [0] https://www.marketplace.org/2019/09/30/70-of-college-students-graduate-with-debt-how-did-we-get-here/ https://www.marketplace.org/2019/09/30/70-of-college-student...
  - TonyTrapp 6y ago
    Again that is a very US-centric view. You don't pay 25,000$ a year for attending a university in Europe.
    - TheAdamAndChe 6y ago
      The post is titled "America's True Unemployment Rate," so it does make sense in this case to assume were talking about USA. I certainly was in my comment above.
      - TonyTrapp 6y ago
        Fair point about your comment, I'm just trying to make my point based on the original generalization I replied to: Part of it is simply wrong even for the US (see siblings), and the rest cannot stand as a generalization for the rest of the world, which "any statistics about students" doesn't account for.
    - bluntfang 6y ago
      Thanks, HN is a US-centric website.

creata 6y ago

> It's a matter of course in other countries that parents fund the education of their children. In some countries. In others (such as Australia), students take out an interest-free loan from the government, and are expected to pay it back, with or without the help of their parents.

TheAdamAndChe 6y ago

Are most students funded by their parents? I certainly wasn't, and neither was my wife.

bluntfang 6y ago
You can't forget the HN demographic of upper middle class white men who pay for their children's education. I'd say most young adults entering college have a loan in their name. Cursory research [0] says >Today, roughly 70% of American students end up taking out loans to go to college. The average graduate leaves school with around $30,000 in debt and all told, some 45 million Americans owe $1.6 trillion in student loans — and counting. [0] https://www.marketplace.org/2019/09/30/70-of-college-students-graduate-with-debt-how-did-we-get-here/ https://www.marketplace.org/2019/09/30/70-of-college-student...
- TonyTrapp 6y ago
  Again that is a very US-centric view. You don't pay 25,000$ a year for attending a university in Europe.
  - TheAdamAndChe 6y ago
    The post is titled "America's True Unemployment Rate," so it does make sense in this case to assume were talking about USA. I certainly was in my comment above.
    - TonyTrapp 6y ago
      Fair point about your comment, I'm just trying to make my point based on the original generalization I replied to: Part of it is simply wrong even for the US (see siblings), and the rest cannot stand as a generalization for the rest of the world, which "any statistics about students" doesn't account for.
  - bluntfang 6y ago
    Thanks, HN is a US-centric website.