So my hunch is right. You believe that poor people are worthless, so obviously you wouldn't look into or care about their struggles at all. Also, it's not like a loan stays that amount. There's interest too, so while a loan may not start out so big if people are struggling to pay for it it'll get bigger and bigger to the point that they'll never be able to pay it off.

I beleive stupid and foolish peopel are worthless them being poor or rich means shit all to me, and i sure as hell dont pay taxes to bail either one out when they fuck up.  

So they didnt take that into consideration. They got into to much debt.  They are to pathetic to men up and pay what needs to be payed.

So its settled they are idiots, higly educated ones lol but worthless idiots that cant take responcibility for their actions/choices.  

How do you embed youtube videos here?

Everything's a business nowadays and money is the only god.

Yes, many of them do have debt anywhere for 200K to 500K when they graduate from medical school. That's why I always scoff at people when they say doctors make too much money and should get paycuts.

I'm 24.

Among my peers I am fortunate in that I had scholarships and worked through school to graduate with $0 in debt. It wasn't easy, and I was definitely a poor student who had to consider every purchase, but now in my 30s I am so much better off than others I know.

I think the issue I see is so many people of the prior generation were told university is this golden ticket to get to middle class. This created an arms race or bubble where the market was distorted because parents were saving earlier and earlier. I have friends right now that have two years into their kids college fund...and they don't even have a kid yet meaning the fund will start anywhere from 3 to 6 years before the kid is born.

I look at my friends and I see a few cases in regards to viewing education from a purely financial value.

1. Good - Friend is an engineer and very smart. Graduated with 100K in debt, but started work making ~75K and now makes ~130K. The point is his degree and hard work afforded him knowledge and skills that make paying down his debt manageable. He will be debt free by 38 (15 years after graduating).

2. Bad - Friend is in sales and also quite smart. Graduated with 60K in debt, but struggled to find work (it was 2009) and had to have income. Started for ~25K, has worked up to ~40K after seven years. They struggle to pay off student loans and have options limited due to constant financial pressure. They will have their loan paid off at age 43 (20 years after graduating).

One problem I see is many 18-22 year old frankly don't understand money. They don't understand interest rates and the fact a $30K loan could end up costing them $10-20K in interest over 15-30 years. An honest conversation needs to be had about evaluating it from a financial perspective. Going to expand your mind? Great. Going to ensure higher income and great ROI? Maybe debate what your major and career field is. From my experience so many young people are immediately limited due to managing debt. They have to take a job, or pass on a great opportunity or cannot afford to take a step back.

My guess is in next 20 years there will have to be a correction as cost is unsustainable and the bubble will burst.

How is this a bad thing though? Isn't an educated populace a good thing? Sure maybe their occupation may not utilize what they learned, but I don't see how that's problematic. I didn't use 50% of the course material I was required to take and I've been a professional for 6 years at this point. That material I don't use is still very valuable to me because it helps me understand reality better.

I guess I don't understand it from my experiences. I graduated in 2007 and after going abroad for a year I tried to find a job at a bank right during the financial crisis. I had 40k in debt, It was tough at first and after some searching I just became a truck driver, it didn't require any education and I could have done it at age 21. I saved enough money in 4 years to pay off my student loans, I didn't actually pay it off until this year because I prefer to keep some savings instead of dumping all my money to pay off debt.

At first I thought of truck driving as a temporary thing until I could get a job at the bank, but I liked being a truck driver too much and just stayed with it. It's not over the road, i get to go home every day and I make enough to support my wife who is a stay at home mom and daughter.

My only regret now is that I didn't just do that to begin with, because I could have probably paid off my house by now If I had just started at age 21 and not gone to college.

I did have a great time in college though, most fun of my life but not worth the cost.

In Canada I think it's quite fair. Our education is not that expensive, and applying for assistance makes it so much cheaper.

Because the person has a dead end job and has to pay 50k in student debt.

Student debt works on the basis people get high quality jobs after.