Contrarian advice: This is the best time to take on student loans. We are entering a structural shift in how our global economy fueled by a credit bubble post 08.

It is going to be much much worse than 2008 and 2000, combined.

They are not going to be able to collect student loans for a very long time.

Well, about half a year ago would have been the perfect time to get a loan, before rates went up.

In Sweden the interest on student loans is about as low as it can get. It is pretty much the most favorable loan possible, even in a recession.

That’s really bad advice unless you’re going into a field where you can’t possibly ever pay it back.

My sister wouldn’t be a pharmacist without student loans and she is about as far from living in pain as someone can get.

>That’s really bad advice unless you’re going into a field where you can’t possibly ever pay it back.

This is really bad advice if a degree doesn't increase your salary enough to offset the cost.

>My sister wouldn’t be a pharmacist without student loans

She would if the degree didn't cost out of pocket in the first place.

This is your advice for the first person on my mom’s side of the family to graduate from college, “don’t follow your dreams because education should be free”?

That’s how they keep the dirty okies who moved to California during the dust bowl (aka my grandparents) as second class citizens. My parents sacrificed a lot to send her to college. I mean, a lot.