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College used to be so cheap, you could pay your way through it working nights as you attended classes during the day. I have family who did this. In that world,
by zug_zug 6y ago
College used to be so cheap, you could pay your way through it working nights as you attended classes during the day. I have family who did this. In that world, there's no such thing as student loan forgiveness, because it's not a crippling debt.
The root of the problem is that college got 3x as expensive (after accounting for inflation), and not better at educating. Fundamentally, this is an economics problem. And the lesson here is that people need to stop trying to gamble >$100,000 on class indicators.
It's tremendously damaging to the economy if we deny reality and say "Let's keep encouraging 18 year olds to study British Literature for 4-8 years," versus "That's dead, it's all technical now. Sorry, but here are your realistic choices..."
https://educationdata.org/average-cost-of-college https://educationdata.org/average-cost-of-college