That just means your parents wealth will dictate your future even more.
Apparently back in the old days you could work a part time job, and pay for college at night debt free. If the gov keeps handing out loans, then what incentive do schools have to keep their prices low and compete with each other?
Oh and then the presidents of some colleges are paid more than the president of the United States. I guess appointing 4,000 people, managing the military, a bunch of departments across the country, etc is easier than managing a bunch of kids by their logic. Oh and don't forget we gotta build a nice stadium so I can put my name on it too!
Even if that was true, it's not the old days anymore. The college I went to is now at 50,000$+ a year with compulsory room and board. Try paying that off with a part-time job and still competing well with your rich peers.
No matter what, it's an enormous advantage to not have to work while in college. I know I wouldn't have done as well if I was working simultaneously, since I was still stressed out as is.
Yeah, I agree it's high. I just think if loans aren't easily given out like they are then colleges would be forced to lower their prices.
Yeah, I feel if you really want to master something you need to do it full time. Just seems like the whole system is screwed up as it is right now. Plus if you got a job at McDonalds and went for a PHD in physics they still count you getting a job even if not in their field as part of their success rate. I feel it's totally misleading.
I don't know if these young people even know what they are getting into. My mom says to just file bankruptcy if it doesn't work out, which isn't true. Many people falsely believe that.