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Let's say that an individual gets the recommended education and is given enough loans to leave school with 60+k in debt. Unless that person is able to get a _r
by blunte 6y ago
Let's say that an individual gets the recommended education and is given enough loans to leave school with 60+k in debt.
Unless that person is able to get a _really_ good job, this debt will sap any momentum they might have otherwise developed by living wisely and saving/investing.
Now since for better or worse, people are driven to form partnerships and create offspring, and this will likely occur before that student debt is paid off, what kind of start will the children have? Will the parents be saving for their children's college funds?
The value of critical thinking and ability to learn is great, but for most people in the above situation it will not compensate for the financial situation they will find themselves in for many years after they've forgotten much of what they learned. Also, the stress of their financial situation will actually have a greater influence on how they think than what they learned in school.
- danaris 6y agoI'm really not sure how much more clearly I can say "the value of education cannot be measured in economic terms." There are things in this world that are worthwhile, that do not have a monetary value; that may, if considered in economic terms, be a net negative, and yet still be something the person who has them values highly. The value of civics and critical thinking, for example, are not just to the person who has them, but to society as a whole: the more members of our society who are educated in these things, the more likely we are to have good governance, as more people are able to properly evaluate the available candidates and willing to go out and vote.