[pitaa]

How does anyone think it's a good idea to take out $1M in loans for an education? Yes, tuition costs are ridicules and in general students have no control over them. In general, I feel like students are taken advantage of. HOWEVER, students certainly can choose not to attend a certain school. If you choose to rack up $1M in debt, I feel like that's solely on you and your (obviously) poor decision making skills.

[fencepost]

His first year loans were only ~$43k, but then the interest rate spiked and tuition also got hiked. He might be able to make more of a dent in the balance, but it's high enough that the only way payments are affordable is using the 10% of income rule, which results in a number to small to even keep up with the interest.

At this point student loan debt is like a treatable but incurable disease - you take the meds / make the payments hoping you last long enough for a cure to be found / legislated.

[dnsco]

This article focuses on a man who took out ~600k in loans to become an orthodontist. That interest has since compounded to 1mm. I would imagine he took the loans out because becoming an orthodontist was his highest-paying career option. Had he known that the variable-rate loans would be impossible for him to pay off he probably would not have taken them out. We should not be putting aspiring medical professionals in this position.

[yellow_postit]

While we are at it let’s stop artificially limiting the number of medical professionals.