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Student loans are a form of bondage that other countries don’t have. Learning should be seen as an investment in the health of the nation, its economy. Germany, for example, invests in its youth both in college education and an apprentice system that assures its youth of learning the skills they need for their futures. No one pays to be educated in their system. Here, people are tied into high interest loans that assure mom and dad always have someone living in the basement. It’s ridiculous!
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I totally agree with you. I mean, I still don’t understand why America does not have an apprentice system where young people are able to attain the skills they need without having to go to college first. The consensus growing up is that most young Americans are expected to go into college first, then learn valuable skills and life lessons later. It’s the reverse elsewhere.
But if there is one thing that annoys me the most, and you pointed it out here, it is that all Student Loans come with high Interest Rates. The Interest Rates alone are what makes a postsecondary education in America unaffordable because young people cannot be expected to afford accruing Interest like older people could. The fact that Student Loan Interest Rates are now rising is egregious in my opinion.
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