I would add another thing here.
You go off to some private college like Occidental in CA, and pay $100k over two years of college for tuition, room, board and books.
Then you go off to some private college like Columbia University for two years and pay $130k over two years for tuition, room, board, and books.
You skip around for five years and discover a passion for law, and enroll at Harvard Law School for two years ($130k for tuition, room, board, and books).
You end up as a part-time college instructor, a community organizer, state representative and US Senator. Most of those never pay nothing much.
So by age 40, if you were a normal American....you’d owe $350k...more or less....to some college loan....if you were a normal American. You’d never be able to pay that back....if you were a normal American. But then....some folks just aren’t that normal, and don’t have a student loan issue.
Not quite. Most schools provide financial aid. And the less you and your family have, the more aid you get. Especially at the Ivies. My son has accepted admission to Harvard for the fall term. I make a decent income. But my projected costs to send him to Harvard for four years are nlnness than one year's tuition, room and board there.
With no loans.
As well, Occidental and Columbia may cost $50+K TODAY, but not 20+ years ago.
The Kenyan anti-Christ DID graduate with student loan debt, as he has said. But no “normal” person who went to Occidental and Columbia in the 1980s and Harvard Law it the 1990s would have incurred anything close to $350,000 in student loans.
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