Someday I'm going to open a fake TS account as "Private Happy", who is an oafish but friendly imbecile, congenial, but completely out of touch with reality. Then, I'll freely be able to talk out my a**, making posts which have no basis in fact whatsoever...
But for now, I'll post as myself about student debt: This from "the Economist":
The Economist reported in June 2014 that
U.S. student loan debt exceeded $1.2 trillion with over 7 million debtors in default. In 2014, there was approximately $1.3 trillion of outstanding
student loan debt in the
U.S. that affected 44 million borrowers who had an average outstanding
loanbalance of $37,172.
More directly to the issue of "almost free schooling":
Community College of
Philadelphia seeks to make
a college education accessible
for all students
by offering affordable
tuition rates. These
tuition rates vary based on residency:
Philadelphia residents pay $159
per credit hour. Other Pennsylvanians pay $318
per credit hour plus
a $10 nonresident capital
fee per credit.
Community Colleges are more or less "13th & 14th grade".
But, I guess in some way you're correct, you can always default on your student loans
Delving further along with (y)our reality check:
The
average cost per credit hour is $594. After calculating the
average cost per credit hour forcolleges across
every sector (including private and public,
for-profit and not-
for-profit, and two- and four-year colleges), the
typical cost of
a college creditcomes out to $594.46.Jan 24, 2018
And of course, the obligatory link to my source:
https://studentloanhero.com/featured/cost-per-credit-hour-study/
