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by voisin 996 days ago
Education has traditionally been a primary method for upward economic mobility. Once student loans became a thing, colleges jacked up tuition to put it out of reach of anyone but the super wealthy unless student loans were used.
1 comments

But no one forced those people to take on those loans.
Not explicitly but the choice is “stay in your economic class or invest in the only thing reliably proven to improve your future”.
People basically did remain in the economic class though. The school doesn't have much to do with it. Has class mobility significantly increased since the adoption of mass tertiary education?
And those who do not want to deal with the risk of going through school and not getting a better job to pay for the onerous loans can just remain in their economic class.
and why people invested noname colleges with degrees in psychology, english lit, gender studies?

and then act surprised when they get out with zero useful skills

No one forced me to not try the one thing everyone says will keep you out of poverty.
Did you consider that everyone might have been making a mistake when they equated taking on large loans with getting out of poverty?
I consider a society in which people are not given sufficient information to make intelligent choices for the future to be pretty dystopian.
Are you able to do arithmetic?