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Yet another reminder not to take on debt. It's better to put the extra work in to pay for stuff upfront then move the burden to after college unless you have th

Yet another reminder not to take on debt. It's better to put the extra work in to pay for stuff upfront then move the burden to after college unless you have the network and guarantees to know you have a job lined up.

sealeck 4y ago
There are two things I want to say. First, this is one of those things which is easy to say but for many (most?) people hard to implement. Sure, some people's family may be able to give them the money they need to go to university but this is not the case for most people, and in this case it is really hard to earn enough money _before starting_ to pay for your university education. The second is that debt can be good (our society is literally built on it) in many cases (e.g. home loans, provided you can afford to pay them off) if you are not in a highly asymmetrical power relationship with your lender.
- Xeoncross 4y ago
  While I don't disagree with you, I want to say that this idea of it being impossible to go to collage without taking out loans is not true. I know multiple people who worked, applied for grants, and used cheaper/affordable colleges first before uni. > debt can be good (our society is literally built on it) I would argue that our countries increased reliance on debt over the past 50 years has decimated the lower class and harmed the middle class while the wealthiest class has seen their influence and ownership percentages surge.
- burnished 4y ago
  Student loan debt is typically not the good kind - its doled out in far larger amounts than the lender can typically acquire because it cant be discharged like other forms of debt.
  - sealeck 4y ago
    Agreed.
wintogreen74 4y ago
>> Yet another reminder not to take on debt. This isn't terrible advice for dumb new grads who don't know better, but there are very different types of debt. Consumer debt is almost always bad, but capital debt can be good, preferred or necessary. The challenge is something like a college education could be either.

sealeck 4y ago

There are two things I want to say. First, this is one of those things which is easy to say but for many (most?) people hard to implement. Sure, some people's family may be able to give them the money they need to go to university but this is not the case for most people, and in this case it is really hard to earn enough money _before starting_ to pay for your university education. The second is that debt can be good (our society is literally built on it) in many cases (e.g. home loans, provided you can afford to pay them off) if you are not in a highly asymmetrical power relationship with your lender.

Xeoncross 4y ago
While I don't disagree with you, I want to say that this idea of it being impossible to go to collage without taking out loans is not true. I know multiple people who worked, applied for grants, and used cheaper/affordable colleges first before uni. > debt can be good (our society is literally built on it) I would argue that our countries increased reliance on debt over the past 50 years has decimated the lower class and harmed the middle class while the wealthiest class has seen their influence and ownership percentages surge.
burnished 4y ago
Student loan debt is typically not the good kind - its doled out in far larger amounts than the lender can typically acquire because it cant be discharged like other forms of debt.
- sealeck 4y ago
  Agreed.

wintogreen74 4y ago

>> Yet another reminder not to take on debt. This isn't terrible advice for dumb new grads who don't know better, but there are very different types of debt. Consumer debt is almost always bad, but capital debt can be good, preferred or necessary. The challenge is something like a college education could be either.