People are beginning to wise up to the far-reaching impact of the student loan debt crisis. With so many young professionals weighed down with an average of $35k in student loan debt, they are taking longer to buy a first house, and even to get married. The wider economy is feeling the pinch.
Meanwhile, tuition rises year over year. And the federal government continues to insure tens of thousands of dollars worth of loans to 18-year-olds who are using college as an expensive mode for exploring their interests. This approach is setting our society up for failure.
As COVID has provided our world with the opportunity to pause and reflect, I believe it’s worth putting higher education under a magnifying glass. I want people considering college to weigh the long-term impact it will have on their careers and finances. I want them to look at college as a last resort option for skill acquisition and network building. I want people to realize that they can design their own futures.