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Old 11-10-2019, 11:30 PM
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Velvet Velvet is offline
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Originally Posted by OrangeBlossomBaby View Post
When the graduate ends up in Section 8 housing, collecting welfare and SNAP benefits, and has their only form of transportation repossessed because they paid back their student loan and have nothing left . . .

it's the taxpayer who will be paying for that graduate's housing, welfare check, food stamps.

Do you really think a few years worth of all those things are less expensive to the taxpayer than the student loan? If you do, then there is something seriously wrong with the cost of higher education, because it shouldn't cost more than the cost of housing, food, utilities, clothing, and transportation for a few years.

If you don't think those things are less expensive, then you probably would prefer to risk being the taxpayer who pays for the defaulted loan, than for the graduate's expenses as a result of not finding a job in the career their education was supposed to prepare them for.
This is partly because of the push to get too many people who shouldn’t be at college there in the first place. There is an imbalance. The demand and the supply do not meet.

So the kid with the PhD in philosophy ends up becoming a fisherman, my friend did. But then he didn’t study in order to make money or serve society, he studied because the subject interested him. But who is going to pay for his student loan? For his fun time at university?