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Why do people borrow so much money to go to school? I don't understand why kids do this shit, are they just stupid? I'm not special but family was poor and when
by ChumpGPT 3y ago
Why do people borrow so much money to go to school? I don't understand why kids do this shit, are they just stupid? I'm not special but family was poor and when I graduated HS, I went to work for 2 years to earn enough to go to a local State School. It cost approx 5k a semester. I did live at home but continued to work part time. I managed to graduate in 4 years without owing a single penny to anyone.
- dragonwriter 3y ago> Why do people borrow so much money to go to school? I don’t understand why kids do this shit, are they just stupid? No, quite the opposite. See: https://www.everycrsreport.com/files/20190723_R45090_4000d000927921a9885fad526a405e39a3f22f51.html#_Toc15047349 https://www.everycrsreport.com/files/20190723_R45090_4000d00... And particularly, Table 2, Figure 4, and Figure 5. There’s a popular observation that real wages have been largely flat over the long term from ~1980. And that’s true, in aggregate. But the premium for bachelor’s (and even more so, higher) degrees has increased in that time period, with real wages for the degree-holding group going up, and for the non-degree group going down. > I did live at home Even if there is a public university campus close enough to allow that (and that’s not always the case), the student load is generally high enough that (other than the kind of people who are also likely to qualify for academic scholarships anyway) there’s no guarantee of a qualified individual getting in to their first choice school.