But after residency, you’re looking at a salary of 200K. You’d be able to pay down your debt in a few years of frugal living.
Debt itself isn’t bad if it’s taken on as an investment.
Debt itself isn’t bad if it’s taken on as an investment.
You have to make allowances for things like starting a family. Otherwise we're not going to have enough people to create the expected economic value in 20 years. That will come with economic and political consequences that no one likes, and of course, the people who earned a retirement off of such short-sighted policy will be either dead or too frail to face the consequences.
If the cost of college or students loans is reducing the population, it’s hard to be too afraid of it.