I made a lot of bad life decisions and financial decisions when I was young. These bad decisions made my life much more difficult. I didn’t really work beyond them until I had the right partner and was approaching middle age.
Today there are also those that have the wrong partner, path and financial decisions. The road to correcting these missteps is tough.
Universities used to be backwaters of commerce with professors and staff living somewhat austere lives. Now they are glamorous centers with people with big incomes and institutions of fabulous wealth.
The government added easy entrapping debt tools to how these places were financed for political gain — first for the universities and their staff and then for users. People used these loans to live a more affluent life while young.
When I was in school I worked as a custodian at a retail store for over 32 hours a week. My dad paid my state school tuition but I paid everything else.
Where is the culprit? Government.
“Universities used to be backwaters of commerce with professors and staff living somewhat austere lives. Now they are glamorous centers with people with big incomes and institutions of fabulous wealth.”
Exactly right.
A few years back it was discovered that the university of Wisconsin had a slush fund of over a BILLION dollars. At the time they were raising tuition. I bet other schools are doing the same. This is crazy!
You sound like me. I worked at night in a bank processing center. My folks paid my tuition because I lived at home and did not play beer pong!