Re:The Student Loan Debt Crisis Is About to Get Worse
by dv_dt on Wednesday October 17, 2018 @12:37PM
(#18240782)
The options are take a big financial risk and acquire credentials that are known door openers to better paying labor markets.
Or take a big life risk and unknown, likely pass up the ability to take student loans (for the small aspects of benefits they do extend), and risk a long term disadvantage at accessing the same higher paying markets.
It's no surprise there is a lot of bad feelings about this choice, especially when other first world nations have this mostly sorted out.
On top of that, as a society, it would be far cheaper for us to fund this on a social basis (by public funding low/no cost tuitions for public universities - with closed loop cost controls) instead of an individual account basis (with loans and an open-loop tuition inflation mechanism).
Or take a big life risk and unknown, likely pass up the ability to take student loans (for the small aspects of benefits they do extend), and risk a long term disadvantage at accessing the same higher paying markets.
It's no surprise there is a lot of bad feelings about this choice, especially when other first world nations have this mostly sorted out.
On top of that, as a society, it would be far cheaper for us to fund this on a social basis (by public funding low/no cost tuitions for public universities - with closed loop cost controls) instead of an individual account basis (with loans and an open-loop tuition inflation mechanism).