Re:What a Student Loan 'Bubble' Bursting Might Look Like
by wmeredith on Thursday January 03, 2019 @08:08AM
(#18814754)
Can we dispel with the “pick a state school” wisdom? The universities in my state have been systematically defunded over the last two decades (and the trend continues). It costs $25k/year to attend The University of Missouri. $100k+ of debt for any four year degree from Art History to Engineering.
The decision to get a degree is not a binary one. It's possible to get a degree in a higher-paying field. Or, go to a community college for 2 years and then transfer. Or pick a state school over a $60k/yr private school. Or choose your second choice school that offers more scholarships.
I think some of the blame rests on our guidance counselors and parents who often do little to make the connection between degrees, debt, and post-graduate earnings obvious to students. Too often the question we pose to high school juniors is "what do you like to do the most?" rather than "is there an intersection between something you like to do and opportunities for a degree-holder in that field after graduation?"