So what? Why would you want that access. It’s like any other investment. The price of access for living in x location might be more than you could ever pay back - so don’t live there. If the cost of getting the degree is more than you can pay working a career in that degree then do something else.its the price of access. and access is required to be eligible for a ton of entry-level jobs.
it's the same for lawyers. the debt you take on to attend school far exceeds what you can reasonably expect to earn early in your career, and that was before the cost of living shot way the hell up.
so the only other option, if we're not letting folks borrow to attend higher education, is to make higher education only available to those rich enough to afford it. so future lawyers will only come from families who can pay law school tuition. I want no part of this type of world.
Or go to community college for the first couple years etc. or serve in the military first etc.
Borrowing money to pay tuition rates that are more expensive than the related careers just feeds it. If people stop getting accounting degrees because CPAs don’t make enough to pay back the loans then the system will adjust. There are plenty of occupations that don’t require college degrees as well.
Also the affordability is based on your ability to pay it back early in your career. If you want to be a lawyer and borrow a ton of money your logic is that you’re also going to make a ton of money later in your career. Why should say a nurse who worked through school and then paid off what loans they have then have to pay off a lawyer’s loans when he’s already making more than the nurse? That’s insane logic.
If schools are overcharging for degrees then sue them. Or don’t go to those schools. If 18 is old enough to vote then you’re old enough that I shouldn’t have to reimburse you for your stupid mistakes.