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generational differences (Score:3, Interesting)
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I sometimes wonder if this debt accounts for some of the differences between my generation (graduated from college 10 years ago) and my parents' (baby boomers). When they went to college they generally didn't have to worry about being $20K in debt after graduation -- and that's just for undergraduate education, in a public state school! So they were freer to mosey around the country, go to rock concerts in new york, fart around for a few years trying to experience life and
Re:generational differences (Score:2)
There are a lot of differences between the generations. The economy was way different a generation or two ago. Colleges were a reasonable way to absorb a large number of GI's coming back from WWII, and they were also a haven for those who didn't want to go to Vietnam. What was once a blessing became a luxury, and is now almost a requirement to participate in the economy.
Of course, this too shall pass. When I was in high school, practically everyone was preparing to
It's not quite as bad as made out to be (Score:1)
The problem is only going to get worse, because these days you essentially need some sort of graduate degree to get the really cool jobs that you used to be able to get with just a BA or BS.
Thankfully, graduate school is sorta paid for by the schools themselves. That makes life easier.
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Re:It's not quite as bad as made out to be (Score:2)
When I started, my school was fluttering just over $8,000/year for tuition. Upperclassmen were complaining about how high that was. When I left, tuition was pushing (or just over) $13,000. Oh, and this was the original Macintosh University, so lots of people were complaining about the o