The Cost of Education

The cost of education is something parents need to grapple with.

This is usually used as a means to spur parents to save for their children’s college education.  In which case, it’s not doing a very effective job by all accounts, as the price  tag of higher education continues to skyrocket, necessitating the need for student loans.

When I started my undergraduate degree at a major state school, tuition and fees per semester was $498 for 12 or more credits.  Not including books, room & board, etc.  I could work part time jobs to pay for my college education without taking out student loans.   Not really practical for most students these days (presuming the concept of working to pay for your education is even part of popular parlance these days).

It’s easy to take out student loans, but paying them back is often overwhelming.  So overwhelming that people are actually leaving the country after graduation in order to avoid repaying them.

And whatever they learned at college, they don’t appear to have learned the concept that if you borrow money from someone else, you ought to pay it back.  They’ve learned some brutal practicality – following your bliss can be very expensive, and regardless of what your bliss pays, if you borrow money you’re going to be expected to pay it back at some point.  So if your bliss requires you to skip out on that debt, so be it.

 

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