Re:Being a good guy boss left me £1.2m in debt
by P_I_Staker on Thursday November 07, 2019 @09:41PM
(#21479561)
Here, here. Rich people and financially irresponsible people have existed forever. OP probably thinks people on welfare drive Cadillacs too. Also, I can't get over how OP talks about students not using school services (dorm/chow hall). They didn't at my school because it was a terrible value. You paid upwards of $10 for shit food, and more in rent than off campus. The only people that used the dorms more than they had to were forced by their parents, or were able to get it for free.
Citation needed. 40% of undergrads work at least 30 hours/week[1] so I'm willing to wager that the majority of them have some sort of job.
> Most students live in high end apartments (lots of these apartments cost more than my mortgage payment for my 4 bedroom house - per person)
Where are you living that rents are so high but property is so cheap? Or did you buy a long time ago? And again do you have a citation for "most" (which is defined as > 50%)? The data says most undergrads still live in college-owned housing.[2]
> When I've asked how this happens, I'm told that college loans let you pay for room and board so they happily get the most expensive housing possible because it's "free". Almost all students have cars and lots of them have a "parking ticket budget" so have no problems parking illegally and paying for it. It's also "free" because of their student loan.
There's a term for these people: "financially illiterate". They have always existed and will continue to exist. Do you have any evidence that there are more of them now?
Anecdotes are not data. Your personal observations don't invalidate reality.
1. https://cew.georgetown.edu/cew-reports/workinglearners/
2. https://www.usnews.com/best-colleges/rankings/most-on-campus