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If you aren’t capable of understanding debt you should t go to college.
by Google234 6y ago
If you aren’t capable of understanding debt you should t go to college.
- rendall 6y agoYour moral judgment notwithstanding, here we are, discussing the problem of people unable to pay their expensive guaranteed loans. Perhaps your proposal is that, before someone takes out a loan, they take and pass a course that covers interest rates, credit scores, expected income, alternatives, and other such issues? Is that what you meant?
- rychco 6y agoI won't speculate whether it has anything to do with politics or financial literacy, but for many people in the US, debt is a widely accepted cost of participating in society. I am fortunate enough not to have any debt, but many of my peers will regularly go into debt in excess of $100K in order to afford the cost of higher education and a home. Debt is just an ordinary part of life in the US.
- belval 6y agoThere is a difference between using debt as a tool to live and taking on debt to earn a degree that will not eventually allow you to pay back that debt. There is nothing wrong (at least compared to student debt) with people having $400k+ mortgage or car payments, the issue arise when that money is used to earn a degree that has no monetary value.
- ntsplnkv2 6y agoThis argument only works if there is good opportunity outside of college, which is a huge stretch to claim these days.
- i_haz_rabies 6y agoAnd thus the cycle continues.
- ntsplnkv2 6y agoThis is a somewhat insidious form of gatekeeping. Especially considering people make much more money if they have a college degree. Even if you don't understand debt, you understand that. The problem isn't incapability of understanding debt - it's never actually being taught it.