🆙 | **Putz leveled up!**

You can get a better rate of return on the stock market, without the overhead of running a business

The average student loan debt is 37k, that's not a lot of money. Individually its not a crisis, the crisis is in how many people are taking that debt

Issue is that education isn't an asset, you can't sell it on some secondary market for a return. You can only pay off education through labor. And if labor wages are depressed because there's triple the amount of people in the workforce the time scales to pay off student loans will be longer than a lot of real estate. That is because education only depreciates. It's literally a shitty car as far as going in debt for it.
Then you have rising healthcare costs due to similar reasons (anti-competitive practices more than anything else). What this means is that discretionary spending is falling through the floor which is why all these "crowd-sharing apps" are popping up
When you don't have people blowing money and stupid shit instead of say education and healthcare it causes the economy to lag as the major generation of wealth is in education and health care which are very scalable (easier for 1 person to teach 200 people than it is for 1 person to supply 200 beers)
This doesn't even get into addressing how any of this can be fixed, just that someone going into 150k debt for education is society's problem already, even not accounting for that debt being funded by tax payers

The answer is higher interest rates. Higher interest rates discourage borrowing and increase saving

Stop trading your future for today

The real problem is that the department of educations sets stupid standards for universities. G

Schools have to put alot of money into these public works that it means higher tuition

They only have to do it if they get government funding

Renounce the funding and you can run it like a business

Same for elementary education in the states public school system s

To be fair going to college isn't a must

You have so many people getting degrees for a job that will pay the same as a minimal wage job

But you go 50k in debt for it

Mike rowe has been trying to get that point across forever

I think many people go to school to avoid growing up

I think we should stop telling people to go after an unrealistic dream job and go for a practical job

If you like something make it a hobbie

I retired at 35, anyone will be hard pressed to convience me that overall these issues are not the result of bad decision making by the individual

I also think that it is a problem with our culture telling people 'college or bust'

You got trade schools

or even the military

***~T R A D E S A N D T E C H~***

we certainly need to see improvements in public education, if your signing up for student loans, and you don't understand how loan repayment works that is a failure of public education. Granted i still contend that parents on the responsibility to fill in the gaps in public education.

If you fail to understand how loan repayment works and your signing a contract for a student loan, there is either a gap in your education (which is a good reason to require parents cosign for student loans), you are knowingly making an investment in your future (and your prepared to take the good or bad results of that investment), or your not mature enough to weight the opportunities and costs of that investment (a case for raising the age of emancipation)

It actually isn't the Department of education but the accreditation agencies. Though the DoEd only funds accredited colleges/universities

Ends up being adverse incentives

and yet we've seen certification growing in influence in employee selection. which means there is gaps in higher education even after paying all that money

Well if you want the worst of it, let's go back to your example of $150k for a stupid degree. These days getting a Master's in women's studies will get you a "DIVERSITY ADMIN" position with like 70k plus benefits. Biology masters will get you a shot to the back of the head. At least PhDs get paid, sort of, so they probably won't be in debt at that level, but with cost of living and all that they can be a bit.

STEM is just a meme to decrease R&D wages

70k for a 150K degree, no reason you can't pay that off

what's it cost to live, 20k, taxes take another 14k, that still leaves you with 36k a year to pay off your degree, your free in under 5 years

and getting to live your dream as a diversity admin

average tuition & fees for an american state university is 10k. there's no reason to have 150k debt

even if you pump in an extra 20k a year for living expenses, you still only at 120k debt for a 4 year degree, and that assumes you don't earn any income while in school

also assumes you do all 4 years in university like an idiot instead of doing the first 2 years in community college and transfer in credits

@Putz
*"Two wrongs dont make a right, forcing society to pay for college is wrong"*
I must have missed something (a lot, actually), but nobody **before this** said anything of the sort.
@DJ_Anuz
*"Interest on student loans should be frozen after several years."*
It is. The day you start, in fact.

@Mandatory Carry where did you get your loan if the interest was frozen? I'd like to refinance my wife's college expenses please.

@Putz you're actually better off doing two years of your primary credits at a university, and then doing your generals after at a community college.

Makes you less tied down.

Through the State Of Oregon, but all of them are like that... All loans are like that, your rate is fixed when you sign. Home, car, school, whatever...

I said frozen, not fixed. Frozen implies you no longer pay interest.

And some loans have variable interest rates. (Though you would be a moron to sign onto them)