When you are 17 years old you are allowed to sign on a line and impact your entire financial future. 17 year olds with basically no guidance (I was one of them!) are not financially educated enough to make that choice.https://twitter.com/bethanyshondark/status/1100534133581926400 …
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Thankfully when I was 17 I only signed on for $12K in debt. But honestly I wanted to go to *that* college so much I would have taken on more. I watched kids I taught choose to take on much more to go to their dream school, no logic competes with a teen’s idea of what college is.
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It’s truly an insane system: 17 year olds(!) with basic educations and no adult supervision can take on thousands in debt. They can’t even take out car loans without a co-signer but they can get $100K with the flick of a pen.
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Replying to @JessicaHuseman
And it can even make sense to take on a lot of debt in some fields, that's the even more insane part. So it's like, a teen needs to accurately judge the field, and the precise professional course they want to take.
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Replying to @AndresFreundPol @JessicaHuseman
As somebody from a country with basically free (I had to pay an admin fee, that also included free local transport) and pretty good university education, I still am baffled by the amount of money one could reasonably spend here.
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Just in case somebody doesn't believe me, here's the link. 315.64 EUR / semester, with 201.80 EUR being public transport. And if one really can't afford it, there's help for that. https://www.hu-berlin.de/de/studium/bewerbung/imma/beitrag …
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