kileydmusic t1_j8ijs1l wrote on February 14, 2023 at 3:57 PM

Reply to comment by [deleted] in College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk

Thank you for your incredibly insightful comment. Absolutely life-changing.

kileydmusic t1_j8hml2j wrote on February 14, 2023 at 11:12 AM

Reply to comment by Drink15 in College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk

100%. I work at a hospital as a Sterile Processing Tech III and my base pay is $19.56. I majored in Anthropology and would not have any kind of related job had I gotten my bachelor's.

kileydmusic t1_j8hmcjs wrote on February 14, 2023 at 11:09 AM

Reply to College Tuition Has Outpaced Inflation by More Than 3x Over the Last 40 Years by ThePinkHulk

I also just want to call this out as I do on related posts.

After defaulting on student loans for 9 months, the US Dept of Edu buys them from Sallie Mae (large lender) and puts on huge amounts of interest. If you still default, they sell it to collections agencies, ones that don't give a shit about your income, that add even more interest.

The US will never have free upper education because poor people borrowing money is profitable to them.

And before anyone gets shitty about it being my own fault, I knew nothing about finance and never had money growing up. When it was offered, I took it. They didn't ask me to talk to anyone about it and actually wanted me to get my mom to take out a loan for me. I still owe 50k on 24k worth of loans from 2007 and earlier.