Re:How Student Debt Reduces Lifetime Wealth
by boomboomsubban on Sunday June 18, 2017 @09:07PM
(#14583939)
>College students will have to pay the cost of their college educations one way or another. Either with loan repayments or higher taxes.
If I'm buying a hundred thousand tuitions, presumably I can negotiate a lower price far easier than if I'm buying one. Additionally, even if their total monthly income was the same, not being in a large amount of debt could be a positive. Many would feel more comfortable taking a loan to start a business or build a house, and it would be easier to justify spending without needing to worry about debt interest.
If I'm buying a hundred thousand tuitions, presumably I can negotiate a lower price far easier than if I'm buying one. Additionally, even if their total monthly income was the same, not being in a large amount of debt could be a positive. Many would feel more comfortable taking a loan to start a business or build a house, and it would be easier to justify spending without needing to worry about debt interest.