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by rhaway84773 1078 days ago
The problem ultimately boils down to the 710% increase in tuition.

If college education had retained the same tuition costs as it did 30 odd years ago (increasing at the rate of inflation only), that puppetry major would have cost something like $20k over 4 years, probably been paid off by the student doing part time work at the library, etc. and the student would have graduated debt free with some party time work experience and taken a few years to see if they could parlay their experience into the next Muppets. If rent hadn’t blown up the way it has either, they would have supported themselves by doing a bartender’s job or server’s job, and as the thing wasn’t working out could have started doing some courses on the side, and a few years later either leveraged all their work experience or these side courses into a real job, or taken up a master’s and made a career switch while having given something really interesting and different a go, for which the entire world would be better off.

However, massive increase in tuition costs and rent with no corresponding increase in the safety net means risk taking has to pretty much been eliminated at the individual level which will cost society overall.