Similar to the housing crisis bc a lot of people bought houses they couldn’t afford, students are buying education they can’t afford. The common denominator? Gov’t backed loans.

Too many low income people bought houses without steady income, too many middle-income people bought really nice houses with their leased vehicles and iphones and realized later maybe they should have had an emergency fund.

Some well-meaning people just lost their job and were upside down so I certainly can understand some people weren’t exactly being wreckless but I know a lot were. Or some people in California buying 400k houses with an interest only loan – I don’t know how ppl do it in California. That bubble bursting was not a big shock to me.

So back to student loans, similar to housing and health care people have no idea what the hell things cost. At least with a house you know it costs X amount of dollars. Health care? Ahead of time you certainly have no idea and even after the treatment/operation/whatever you still might not have a great idea. Education? Most college kids have no clue. I know I was just pointed at some papers I had to sign. I didn’t know until later how much per credit hour a class costs.

So I don’t know what the going rate is now I just know if I had know a 3-hour class cost me $1200 a semester I would have been less likely to goof off in a couple classes and have to take those over.

Also students don’t want to be bothered with the ‘viability’ of their education to turn a profit they just want to do what they feel like doing. I think it’s time we start bring the calculator out when we’re discussing where someone is going and what their major is going to be. I don’t think parents want to get in their kid’s face ab their major but like ‘general studies’ is probably not a great idea for a degree that’s costing 10′s of thousands of dollars.