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"This has got to be one of the most absurd articles I have read here. A. Nobody forced anyone to take out loans to go to college, and certainly nobody forced them to take out huge loans. I worked my way through college, my parents worked their way through college, I know young people who are doing that today as well. B. Sure you can pay a lot more for college if you want to, but there are plenty of inexpensive, very affordable, colleges around. There were no publicly funded, graduate universities in Tulsa when I graduated high school. You can get your first two years of college at TCC for free these days. Couldn't do that in my day. etc. C. I remember when I and my friends were in High School and were thinking about going to college. We both, looked at what the economy might be like when we graduated, strong or weak to take that into consideration, and what were some of the likely jobs that would needed to be filled/available when we graduated so we could take the appropriate courses. And we hedged our bets on top of that in numerous ways.
I have a young friend who graduated about a year and a half ago. He had an $80,000 a year plus job waiting for him the day he graduated. EVERY SINGLE ONE of his classmates in the same degree program quickly got jobs in their major. They chose wisely. Regardless, getting a degree is, and has never been, a promise or guarantee. It's a risk. I knew that, my classmates knew that, and we planned accordingly and took the route that we each felt best fit our circumstances and what we felt would be an acceptable amount of risk per those circumstances. D. Any moron knows that the economy is cyclical. It has its ups, it has its downs. Things had been going well (or at least appeared to do well) for far too long, a correction was waaay over due. No, nobody could be sure when it was going to happen, but the longer the good times rolled on, the more anyone going into, or already in, college should have been wary of taking out a lot of debt for it only meant that the risk of coming out of college right into a "correction" was all that much greater. History and prudence advise caution."
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