The 'value' of the education can vary widely. Both in terms of value meaning the ability to use it as a credential for high-paying jobs, or in terms of the imparted skillset/knowledge that either make you a better person or enable you to achieve things like starting a business/inventing/etc.
I mean there is a HUGE spectrum here. And this means that there are many educations paid for with debt that are utterly useless (and therefore valueless) on both of these metrics. In other cases where an investment failed to this extent, you can declare bankruptcy. But not student loans! No no no. Those are forever. Hardly a favorable condition for the borrower.
I mean there is a HUGE spectrum here. And this means that there are many educations paid for with debt that are utterly useless (and therefore valueless) on both of these metrics. In other cases where an investment failed to this extent, you can declare bankruptcy. But not student loans! No no no. Those are forever. Hardly a favorable condition for the borrower.