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Comment by Matthias247 | Hacker News Reader

Subsized - yes. But I don't agree to the second sentence: Generally the higher educated people are getting higher salaries afterwards and are paying way more taxes. These taxes are then used for providing education to the next generation (and also for lots of social programs which target the low/no income population).

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If education was always profitable like that, governments wouldn't subsidize it, they wouldn't need to. Heck people would be fighting to give student loans.

The reality is lots of people study subjects that don't result in higher salaries but political correctness insists that people be able to study the arts easily, so governments "have" to subsidize education.

Well, no, the cost of education is ridiculous. Not many people get out of undergrad without any loans, and especially if you want to go on to get higher education (yes, even law degrees which pay nicely after you graduate), you'll be stuck with a mountain of debt that you won't be paying off any time soon.

I know someone in particular who went on to get a law degree (and was steadily employed in her field from her time of graduation) but was only managing to pay in the double digits toward her loan's principal on a monthly basis -- the rest went toward interest.

The benefits are ridiculous. Not the costs. Where I live it costs $28,000 to get a BS. I took out loans for every penny. Before college my salary was just under $18,000. After college I was making $48,000. I got my MS and PhD for free, fully funded by my work while in graduate school. I even made a decent salary, $18,000 during the year and $30,000 during summer internships.

My first post-grad school salary was $112,000.

My education was an investment. It paid off.

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