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Comment by MrFantastic | Hacker News Reader

The education system depends on student loans. Financial education would make people question the value of a college education.

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That's fine. Educate 'em on financial literacy at public middle schools and high schools. Let the colleges and universities make the argument that their education is worth the cost.

College education pays back multiple fold though.

Instate tuition for top public universities is not that high, and helps you gain skills and even more importantly build a network that is certainly worth the investment.

Sure, there are many soft fields where job opportunities are sparse. But, a degree @ state tuition is certainly worth it for a good number of majors.

You're just making the GP's point for them. If you're focusing on public universities and ignoring private universities with their $30-40k/year tuition (federally subsidized, of course), you're already questioning the value of college education. Most students are not even taught to question the common assumption that expensive private universities are better than low cost public ones.

> federally subsidized, of course

Wait, could you explain what that means.

I thought private universities did not receive any government assistance at all. Do you mean subsidized loans to attend such universities ?

If so, I can understand. That might not be the wisest thing for a government to do.

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