Re:Is college worth it? A return-on-investment analysis
by inglor_cz on Tuesday October 26, 2021 @03:45PM
(#29005332)
It also makes my flesh crawl knowing that American kids at the age of 18 take up massive debt, while they aren't even considered mature enough to drink legally by the same country.
Large debt is a unique burden. One should not start their financial life with it. Much like skiing, running or doing calculus, one should do baby steps first before proceeding to make huge investments and committing oneself to a decade or more of indebtedness.
Many ancient societies held a strong taboo against massive debts - for a reason. For people outside prison, it is the closest you can get to enslavement in a completely legal way.
Large debt is a unique burden. One should not start their financial life with it. Much like skiing, running or doing calculus, one should do baby steps first before proceeding to make huge investments and committing oneself to a decade or more of indebtedness.
Many ancient societies held a strong taboo against massive debts - for a reason. For people outside prison, it is the closest you can get to enslavement in a completely legal way.