alwayss be closing wrote:
Should young people just pull themselves up by their own bootstraps? Work a summer job to pay tuition? Nevermind that Northwestern was $3500/year in 1970, the same rules apply, right?
This is kind of funny. They'll take out $70k/yr in student loans and they'll have to wait 5-10 years before they work their way into a job that pays $70k/yr.
But in all seriousness, who cares. Congress will be forgiving ALL student loans while overhauling the financial aid system to keep this disaster from happening again. So might as well take out the loans while you can and get them forgiven.
There's too much research now proving that student loans are costing the economy 1%+/yr. When Trump hears this he will make the tough decision to forgive all current loans and overhaul the system.