Re:US Household Debt Surpasses 2008 High
by jlarocco on Wednesday May 17, 2017 @08:19PM
(#14363962)
> There's a huge value in going to higher education, but the ever increasing cost and amount of debt people are taking on is setting everyone but the top 10% of graduates up for a life of being in debt, which is kind of horrifying. Especially since they are debts that are impossible to shed through bankruptcy.
I'm not sure you can make a blanket statement like that. The reason all these student loans have become a problem is that objectively a lot of degrees don't have a huge value. People are borrowing insane amounts to become the billionth undecided communications major and it doesn't make any sense at all.
It's almost like we've cut k-12 education funding (and quality) so low that people need to go to college just to get the education they should have received in high school.
I'm not sure you can make a blanket statement like that. The reason all these student loans have become a problem is that objectively a lot of degrees don't have a huge value. People are borrowing insane amounts to become the billionth undecided communications major and it doesn't make any sense at all.
It's almost like we've cut k-12 education funding (and quality) so low that people need to go to college just to get the education they should have received in high school.