Fucking A-MEN SkyzykS
There are many reasons for the insane cost of education. However, besides those already mentioned the things you mentioned bear completely on the matter. Nobody budgets any more because “student loans” and credit cards (ok, generalization, but mostly true speaking of college kids). I can count on 1 hand the amount of people I knew in college who weren’t blowing loan money like crazy on plasma screen TVs, vehicles, super duper cable TV packages, and all the rest.
You want to know what student loan companies look like when watching this? Drooling, because they’re getting money paid back at interest. And the cost continues to soar because mass quantities of students are taking out far, FAR more than they need to. This drives the cost of college higher as people borrow more–supply and demand.
People graduating with 80,000+ in debt when they could have done it with 30-40,000…
Plus many people (I know, not all yada yada) graduate thinking they’ll be in some job making 70,000+ the first year and are upset to find out that practically nobody wants to hire them for that amount of money unless they’re an engineer…who suffered extremely through school and also has to pay for most of their ongoing education themselves, and even then most places won’t start you there. In other words, they graduate thinking they will get their dream job right off the bat.
I am typing this on my phone internet connection, hotspotted to my laptop. I don’t have cable TV. I don’t have Internet except on my phone. I have an old ass car that works and isn’t showy, and is paid off, and a TV that was made before there were such things as flat screens (CRT with VHS player built in). About the only thing I have that I spend money on is whiskey and books/guitars. I am saving hundreds of dollars every month on that. You know where that can go? Vacation funds! Or paying off student debt, or investing, or retirement, or any of a host of things that are going to do better for me than the latest and greatest ______. Shit man, save $100 bucks a month and in a year that’s a plane ticket overseas. That’s how I went to Africa without putting anything on credit. That’s how I have a lot of the stuff that other people my age ask me “how can you afford that?” Well, because I saved for it.
The point is that the legitimate problems with education cost are also massively and egregiously inflated by people who don’t budget, don’t have realistic expectations, don’t want to work as much, and don’t know how to save.