re: #232 Wendell Zurkowitz ((slave to the waffle light))

I did such a thing and graduated with a relatively small set of loans.

But as I noted, my education was highly subsidized. Grants, scholarships… and even the loans were below market price of loaning money.

On top of that, my (public) university was funded via tax money that covered a great share of the fundamentals (property, research etc.)

Again, my plea is this: don’t make education cheap. Cheap things are easily looked down upon and not valued.

re: #234 jaunte

I think at least part of it is that student debtors are captured; can never escape as in ordinary debt, through bankruptcy. If the debtor absolutely has to pay, the price will inevitably rise.

One of the tragedies of American society over the past 25 years of so is selling the idea to young people that they will amount to nothing in society if they don’t spend 4 years going into $50k-$150k of debt. This malady is as bad as the McMansion explosion.

We’ve made an entire generation of debtors based upon a false belief.