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I'm not convinced on government backed student loans. I haven't been able to find much data on college costs going back well before government backed loans star

by tzs 2y ago

I'm not convinced on government backed student loans. I haven't been able to find much data on college costs going back well before government backed loans started, but for the couple of schools I found data for (Stanford and some midwest public university whose name I don't remember) that data showed tuition has been going up at a fairly steady rate for the last 100+ years. There was no significant change at those schools pre and post government backed student loans.

Workaccount2 2y ago
It's also somewhat true that even at these insane education prices, the ROI on a degree still makes the math work out for most degrees. So even if you are 22 and $80k in the hole, but the time you are 50 you are likely to have hundreds of thousands more in net worth than those who forwent that early $80k debt to go right into high school diploma level labor.