this post was submitted on 04 Aug 2023
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Data is Beautiful
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Honestly that really puts into perspective how cheap it is lol.
I wouldn't say that's the case. Remember that this is for one year. For many careers, you need four years minimum. Then this also doesn't seem to account for additional costs of living like food and housing you would need while saving.
Yeah and college SHOULD be an investment. We have 8 year car loans, it taking 8 years to pay off 4 years of college wouldn't be bad. I say this as someone about to go in my junior year of college but I work at a crappy factory which pays for tuition for me after each semester, which is extremely common. And costs of food and housing are separate to tuition, which I'd all the schools are in control of. Also, my food and housing is 95% of my income. If you don't work for four years then you taking 8 years to pay it off isn't horrible. The issue is charging interest on a federally backed loan. The government should force these loans to be not for profit.