[dml2135]

That $6,000 would be about $13,000 today.

That is a very manageable amount of debt.

Many people have student debts that are 10-20x that, or more. Minimum payments of thousands of dollars a month, and no ability to discharge them through bankruptcy.

You can take on a few thousand dollars of debt as a young adult, realize you made a mistake, grind to pay it off and chalk it up as a life lesson.

We are letting young adults today make mistakes that they will never get an opportunity to learn from, because they will be paying for it their entire life. It is vastly different from your example.

[SoftTalker]

Well the upthread example was graduating with "tens of thousands" in debt, which really should be managable for anyone who completes a worthwhile degree. Again, that's a new car, something most people pay for in 4-6 years.

The fact that you can get easy loans into six digits to pay worthless schools for worthless degrees is a different problem. "Free money" never leads to wise purchases.

[dml2135]

I'm not talking about worthless schools -- I'm talking about the Ivy Leagues.

Worthless degrees, yes, but why are we not holding our most prestigious schools responsible for charging outlandish prices for worthless degrees? They are the ones with power misleading young adults who maybe should know better but guess what, they often don't, and that's a mistake but not one that should ruin you financially for the rest of your life.

But yes, you are right that this is not the majority of student loan borrowers.