Quote:
Originally Posted by Wastedyouth
Maybe education shouldn't cost so much? Maybe there is a reason the wage gap and the economic gap is getting larger in America every year.
"I paid my student loans, I pulled myself up by my bootstraps, so should you!"
Is exactly what politicians want you to think and feel as they fund multi-trillion dollar payouts to corporations who couldn't give two ####s about how fiscally responsible you are.
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Post-Secondary Education is expensive simply because of the demand for 4-year degrees. Society, class, racial equity is being measured by how many college graduates there are. The 4-year degree trap.
You may not have the money to go to University but the push for the 4-year degree is real. And we all know, it's rare you finish a 4-year degree in 4 years, it may take 5 or 6. Also, the States is different than Canada where the school matters more in getting a job than in Canada. For example, when hiring, I treat a degree from U of C, U of L and Mount Royal equally. But in the States, going to a great school improves your job prospect. So that's more pressure to go to an expensive, prestigious school. And the schools know this and charge through the nose.
And then there are international students on top of that who pay double or triple, in cash! They want that prestigious degree to take back home, or in some cases stay and enter the US workforce.
Lots of things to factor in here. It's not as simplistic as wiping out loans to give relief and even the field.