Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by ctoth on Monday September 19, 2022 @12:38PM
(#32900627)
Just to add a bit of context here, a vast majority of those who have "crippling amounts of life-long debt" used their money for grad school, and so certainly were not merely 18 when they made this decision.
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Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by falcolas on Monday September 19, 2022 @01:01PM
(#32900964)
$40,000, the 2020 average cost of tuition (not including living expenses, books, etc), at up to 14% compounding interest... You'll have to pay over $450 a month just to cover interest.
It doesn't take that much debt at student loan interest rates to be "crushing" in this economy.