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This is oversimplifying. The path to a good career after graduation is still fraught with many traps and pitfalls. Ask anyone who finished university in late 2
by robertjpayne 2y ago
This is oversimplifying. The path to a good career after graduation is still fraught with many traps and pitfalls.
Ask anyone who finished university in late 2008 to 2010 how their job prospects were compared to those that finished just two years earlier in 2006.
Compounded by the fact that there is no way to discharge the debt if you get exploited into signing up to $100,000+ of debt for a degree that provides no good stable income afterwards.
- sarchertech 2y agoClose to 90% of all student loans are federal and qualify for income based repayment. The vast majority of students don’t have any private student loans, so if they can’t find a job they pay nothing. If they make money but not enough, they’ll pay 10% of any income above 1.5x the poverty level. Plus there are very generous forbearance terms if you’re temporarily struggling.
- paulpauper 2y agoThis is oversimplifying. The path to a good career after graduation is still fraught with many traps and pitfalls. same for people without degrees. having a degree increases odds of success and pay