Quote:
Originally Posted by knaapan
The cost of education has increased so much that if you want to study in a decent university, you need to shell out the big bucks or take huge loans. A lot of people I know have $1500+ monthly loan bills. They arent buying flashy cars or buying starbucks everyday. They make enough money to pay student loans. But whats left over is barely enough to save for a house and end up renting for a long time. These are the people who worked hard in college and did not have rich parents.
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Ask them if they worked part time during college to offset the cost?
Ask them if they finished in 4 years
Do those 2 things can offset loans by at least 20-30%. The average student fails to finish a 4 year year degree in 4 years. Most universities have less than a 50% 4 year completion rate.
The article mentions housing and student loans. I don't buy that argument at all.
Way too many factors and student loans debt highly is not a main factor in housing stagnating.
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