this post was submitted on 07 Sep 2023
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Going to University means you have a chance at a good paying job. Depending on the job, likely a better chance then someone who didnt go. I make decent money and did not go, however I am incredibly lucky and am not betting on that for any children i have. Trades or University/College is a must.
That being said, how about the Government reduces the cost of post-secondary education, instead of allowing banks to earn off billions of school loans each year. Here, they do reduce it for citizens, however not nearly enough. Additionally, many graduates end up moving to other countries because the pay is lower here.
I'm not from the US, I think I've heard that banks are obligated to give those loans with some characteristics?
It's going to cost much less if getting a student loan becomes much harder, because universities still need people paying.
If anybody can get a loan, the cost becomes inflated.
Just a thought.
The costs HAVE become I flatbed, because everyone can get a loan for a degree, and schools keep raising tuition.
Well, then the solution is abolishing the law making these loans so easy. It will make things easier for students themselves (only after a transient process, though, which itself is going to be hard - but that can be softened by, say, abolishing it gradually, for different categories of students).