Shocking how few students ever ran the numbers on their student debt long-run vs. expected income considering even a pretty limited spread of likely career trajectories. I don't think most of us ever had a single adult suggest doing this as we made these decisions *in our teens*
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Unfortunately going to college is necessary for any white collar career. For most, regardless of the number, if they wanted a white collar life the cost didn't matter since it was the only path forward.
This isn’t entirely true, but even if it were: some majors/career paths look okay by the numbers, and some make no sense whatsoever. This is totally obscured by the higher education mythos
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I don't disagree with your critical sentiment of the higher-ed racket & student loan bubble, but a deeper analysis is necessary. Namely, distribution of majors & loan amts between students of diff family bkgrnds: wealth, parental education lvl, immigrant, etc.
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For instance, would love to see comparison between kids of Asian immigrants vs. boomers. (It's a well known stereotype that Asian immigrants *made* their kids become doctors, lawyers, engineers. Not a lot of art historians or interpretive dancers.)
End of conversation
New conversation -
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Yup, Anthro, History, Fine Art should only have to borrow what makes sense for the incomes those degrees provide ... or something. I dunno, whatever you do don’t borrow $60k for an anthro degree!
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