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Comment by saint_fiasco | Hacker News Reader

> If their desired career are less lucrative, they will not take out more loans than absolutely necessary

This is not in fact what is actually happening. Lots of people take out loans whey they are first starting college, when they are young, inexperienced and by definition uneducated. Few of them even try to calculate the expected value of college for their future income, and the ones who try don't have high quality information.

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The information is available to them, they have no one to blame but themselves. It is not the duty of the taxpayer to fund poor decision making.

That's one of the major philsophical differences between the US and Europe: people must take responsibility for themselves and their own lives.

The problem with the 'personal responsibility' screed in regards to university in America is that more or less my entire generation was hoodwinked into going to college and doing anything and to totally not worry about the cost because loans are available and you'll never get a job that will amount to anything if you don't go to college. Ironically enough, a large portion of my high school class that's doing the best financially are the kids who didn't think they were smart enough for college that went into trade school or apprenticeships. When your parents, guidance counselors, and basically the entire system are yelling that you'll never do more than flip burgers if you don't rack up a lot of student debt going to school, and you're a young impressionable youth that trusts these people...well, I think you have to be somewhat willfully ignorant or just an obtuse asshole to blame those of us who took that advice and got burned.

Everything you say (except for the bit about me being willfully ignorant or an asshole) is true.

The solution to the problem is getting people to be realistic about their prospects. Guidance counselors play a role in this solution. So do parents. And the students themselves.

But the solution absolutely does not involve raising taxes to pay for everyone to go to college.

I agree that we need to get people to be realistic, but I disagree that we should just be saying "tough shit" to an entire generation that got thrown under the bus by a mixture of predatory student loan practices and well-meaning adults who did more harm than good attempting to provide guidance.

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