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I was refused a mortgage because of my student loan payments. The articles point is not that having a student loan ruins your life, it is that it makes it hard
by LatteLazy 3y ago
I was refused a mortgage because of my student loan payments. The articles point is not that having a student loan ruins your life, it is that it makes it harder to do things like access housing (true) and that that means education is for many a net negative for their other all wealth (true for at least some people).
It's oversold, but it's still true when you get past the oversell...
- nerdponx 3y agoAlso, the opportunity cost of student loan interest is absolutely enormous. Imagine if you graduated college in 2014 with no loans and started investing your excess earnings in the stock market instead of paying off student loans.