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jordan3184 t1_j7q1udx wrote

Where is free college education ? If you get student loan you will be poor for rest of your life exceptions are there.

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MedicalSpecializer t1_j7q2oq9 wrote

Free or low-cost college education is accessible in many places. Georgia for example, provides tuition-free public university for any undergraduate in-state student who meets the requirements. UGA and Georgia Tech are very, very good schools.

Also, the vast majority of Americans do not and will never have student loans. It’s an uncommon problem. Additionally, per the Cleveland Fed, there’s a wage premium of 84% for students who are college-educated versus those who aren’t. Even with the opportunity cost, it’s largely worth it going to college (and so many people going to college, we see their revealed preferences despite the cost).

https://www.clevelandfed.org/publications/economic-commentary/2012/ec-201210-the-college-wage-premium

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jordan3184 t1_j7q31ph wrote

I am not sure you are aware with ground reality.. number for inflation even looks better . 😀

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MedicalSpecializer t1_j7q3f7f wrote

I’m an economist by training (if not by practice), I have student loans, and they were 1000% worth it because the wage (and mobility!) premium for having a master’s is much much more than the lack of full-time work I missed out on. I’m very familiar with reality.

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