binary solo on 18 January 2016
| SvennoJ said: Even with 150k net debt you're still in the top 7% in Canada. Surely people in the 3rd world have less debt... Wait, I guess it doesn't recognize debt. Having a 1000 dollars to your name puts you in the top 71% I guess they never heard of student loans. Average graduate student loan debt is 28k. But don't worry 1% of your debt could feed a family of four in Somalia for 4 months! Send them $280 and you feed them for a couple months, send them a credit card and you feed a village for a life time! |
Debt is something only people with a decent income or who live in developed countries can afford. Developing countries don't have student loans. If you don't have the money you can't get an education. IMO it's better to be 28K in the hole and have a university degree than to have no debt, but be living hand to mouth and having nothing beyond a primary school education, if you're lucky.
“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell
"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
