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sealaska | 3 years ago

> The price is increasing because people are willing to pay since they recognize how much it will add to their earning potential.

I assumed prices for colleges were increasing because of the availability of cheap debt. I know plenty of people who went to college, taking out large amounts of debt, and not seeming to directly consider their earning potential post-graduation.

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Sebguer|3 years ago

It's ridiculous for eighteen year olds to have to consider their future earning potential, when the constant drumbeat is "you must go to college to be a successful human".

I was the only person in my immediate family to go to college, and it was clear from my school and my family that "college = success". I majored in psychology, which has absolutely no job prospects. At no point did I have meaningful support from anyone around me in terms of picking an "effective" degree, or evaluating job opportunities.

It worked out fine for me, because I spent most of my time not paying attention to class and screwing around on the internet instead, so the ~50k in private student loans at an extortionate rate that I had to take out to attend have never been a problem, but it was all by complete luck.

sealaska|3 years ago

It's an absurd system. How about we stop encouraging kids to go to college unless they have a plan on how to manage the incurred debt?