Somebody, usually parents, had to cosign that loan. The 17 year old tells his parents he’ll pay it back. Nobody did the math to figure out the kid won’t be able to pay 2500 a month at first. Then the parents have to. But my baby had to go to his dream school, instead commute to the state school or start at community college.
You are correct. The point I was trying to make, and rather poorly I see, is that there is so much emphasis on college and almost none on trades and entrepreneurship.
I read through more job applications and resumes than I would like to admit and my observation is that there is a correlation between the folks with degrees in soft-sciences and humanities and jobs in warehouse, retail sales, and the food industry (cashiers, baristas, forklift, etc).
More emphasis needs to be placed on high paying blue collar jobs and on starting a business. But that would lead to independence, and the government can’t have that.