Higher Education’s Bubble is About to Burst
“First — as with the housing bubble — cheap and readily available credit has let people borrow to finance education. They’re willing to do so because of (1) consumer ignorance, as students (and, often, their parents) don’t fully grasp just how harsh the impact of student loan payments will be after graduation; and (2) a belief that, whatever the cost, a college education is a necessary ticket to future prosperity (Glenn Harlan Reynolds, 2010).”
From the perspective of that ignorant student that believed blindly that any degree would be more profitable than no degree; student loan repayment is a painful lesson. Go into college with your eyes wide OPEN, and take the counsel of people who have made the mistakes- so you don’t have to.