The Student Debt Trap

http://www.sovereignman.com/trends/every-young-person-should-see-the-feds-startling-numbers-on-student-debt-16676/

“40 million Americans are now in debt because of their university education, and on average borrowers have four loans with a total balance of $29,000… Since 2010, student debt has been the second largest category of personal debt, just after a home mortgage…

Debt is another form of servitude. Like medieval serfs, debt keeps people tied to jobs they dislike in places they don’t want to be working for bosses they hate doing things that make them feel unfulfilled…

[M]any kids end up at university by default. They don’t know what they want to study… They’re just sort of expected to enroll, attend, major in something, and graduate. Much of this is done merely to please other people or satisfy a social expectation without any real sense of whether the path they’ve chosen at that time is the right one.

Modern university education, in fact, is based on the premise that an 18-year old kid can make up his/her mind about what s/he wants to do in life. But how can they really know what they want to do in life without first having some exposure to life itself? …

From this perspective, spending four to five years discussing theory at such a formative age can be terribly counterproductive. Subsequently graduating with an enslaving level of student debt can make the experience borderline destructive…

[N]ot to say that university has no benefit. The question is whether it’s worth the cost at that particular time, i.e. whether entire generations should be forced into a cookie-cutter path where everyone spends ages 18-22 in university, graduates with a boatload of debt, starts a career in whichever industry is willing to hire them, and ultimately begins paying taxes. This route takes away all the choice — the ability to live life deliberately.”

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