Quote:
Originally Posted by genuinegirly
Education does not fall into the list of permissible debt in my mind. I have been able to fund my education or have sought grants to fund my education. There is no reason to go into debt for university or graduate school. Find a field of study that will pay for you if you can't pay it, dangit. There are enough doctors and lawyers out there. Getting out of school with more debt than you can hope to pay off in a year doesn't make sense in my mind.
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Interesting you should say that. If I abided by this, I would still have just a high-school diploma.
I work in publishing. I sincerely doubt they'd pay anyone for university education...many publishers don't even pay for training: you need to get it before you get a job.
It isn't feasible for most people to go to school without going into debt, and I mean to the tune of an amount that requires a 5- or 10-year payment schedule. This is common, and it is a reality for those of us who live in the post-industrial world and are a part of the lower or lower-middle class. The number of scholarships and grants and bursaries available are limited in that very few people can fund more than 10 or 15% of their education with them—25%, if they're lucky. This is most people.
Furthermore, student loans—for the most part—aren't considered bad debts; they're good debts, especially since they got you an education (and therefore a higher income), plus the interest you pay on the debt is tax deductible and usually at a lower interest rate than most bad debt.
The alternative? A much lower income for 40+ years of a working life. Do the math.