I recently discussed this with a person who was continuing to get student loans after already being under a mountain of debt and recognizing that their job prospects were not as lucrative as they hoped. I asked them why they were doubling down when it was obvious they were in a bad situation and making it worse. They said they had invested too much to choose another path.
This person has a bachelor's in economics and is about to finish a master's in finance. We conflate "an education" with "being educated" far too much.
I graduated 6 years ago with zero debt and no help from parents, because I actually looked into costs / benefits before starting school, picked a cheap school, and worked the whole time. I really don't know how we think it's acceptable for people to be 18 and not capable of making these decisions. You can vote and join the military, but you can't recognize financial servitude like this. They're being failed long before they get to college.
This person has a bachelor's in economics and is about to finish a master's in finance. We conflate "an education" with "being educated" far too much.
I graduated 6 years ago with zero debt and no help from parents, because I actually looked into costs / benefits before starting school, picked a cheap school, and worked the whole time. I really don't know how we think it's acceptable for people to be 18 and not capable of making these decisions. You can vote and join the military, but you can't recognize financial servitude like this. They're being failed long before they get to college.