The purpose of a college degree is NOT a job... but the purpose of a college LOAN is 100% a job, and it's very important to differentiate between the two.
The whole point of the loan is to buy time; you don't want to wait for when you have savings to purchase the degree, you want to do it now. If you are not doing it for the job, then why the loan, what's the rush?
If knowledge and prestige is all that matters, then don't take the loan, take the scenic route, get your degree slowly as and when you have the time and money, and one day you will have something to look back at.
But if you are doing it so you can start earning as soon as possible, when you are still young and energetic... then you are doing it for the job, and in that case the degree better be financially worth it.
You have the right to a degree in XYZ... you should NOT have the right to a taxpayer backed grant/aid/loan/whatever to gain said degree unless you're on a reasonable path to become a tax payer yourself as soon as you are done with the degree.
The whole point of the loan is to buy time; you don't want to wait for when you have savings to purchase the degree, you want to do it now. If you are not doing it for the job, then why the loan, what's the rush?
If knowledge and prestige is all that matters, then don't take the loan, take the scenic route, get your degree slowly as and when you have the time and money, and one day you will have something to look back at.
But if you are doing it so you can start earning as soon as possible, when you are still young and energetic... then you are doing it for the job, and in that case the degree better be financially worth it.
You have the right to a degree in XYZ... you should NOT have the right to a taxpayer backed grant/aid/loan/whatever to gain said degree unless you're on a reasonable path to become a tax payer yourself as soon as you are done with the degree.