Why do they go to university if they end up with denbts?

They are Greek

Now I understand american economics

I study law in the Netherlands.
Sure,I get way less debt but I also get way less money when I graduate, American wages are insane.

Surely some of the parents are just plumbers and electricians and they're doing just fine. They can't be that blind.

>At 18 years old you really don't understand the scope of signing onto 50k debt or what it's even going to.
usually ones parents do, or do americans cur all contact to them the moment they turn 18?

50k debt is nothing lol. Especially if you're gonna make 6 figs a couple years after you graduate

>Especially if you're gonna make 6 figs a couple years after you graduate
But most won't because they will study something utter useless. Granted I wasted 5 years of my life at university studying archaeology lmao but at least i didn't get into denbts. If I were an american I would've never went studying it

What 6 figure job could I get with this kind of education? We're not talking about the people who study something useful or wanted here.

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>american wages are insane
true tbqh
I see many people saying "yeah I make 100k a year" like it's nothing.
100k a year here you're fucking rich, not even with a top degree and 40 years of work could you get that wage here.

any sort of high demand tech jobs, STEM positions, banking, some of the more intricate engineering sectors, etc.

Dutch college debts aren't comparable to the American ones. You don't pay interest and you've got a maximum debt of like 72K, of which part can be dismissed. Also, the college educated starbucks barista meme is based on reality.

Not everyone does and many dont have significant debt. If you arent a moron and get a useful degree you'll make far more money than any debt incurred. I made out of college twice what I would have made by not going and my total debt was half of that increase. Thus in my first year the investment already greatly paid off.

Those are people who went to shitty college, majored in a worthless degree with a low workload and partied the whole time. Also, the EU will soon be a single country under based Jupiter.

>If they're right, everything is socialist
These people generally arent going to college or it's a religious one.

>if they're left, everything is Hitler.
These days yeah the hard left say this shit hut they are even a minority on the left. Unfortunately a lot of the bullshit major professors fall into this category.

The idea of going to a university has been the same ever since universities first came into being: you go there to receive an education so you can in turn have better job opportunities. The problem is that the loan system heavily inflated how much every student can pay, thereby heavily inflating the costs of an education and forcing everyone to go into massive debt. Think about it: if the state offers unconditional and massive loans, what reasons do universities have to NOT explode their prices?
>Hurr durr why don't they just make university free?!
1. Because the Ivy League is as good as it is precisely because it is private
2. For the same reason the system of "free" tertiary education in the Netherlands has been abolished: it's prohibitively expensive.

Ironically the best way to lower tuition fees is for the government to stop providing carte blanche student loans. You know, like in the days of the boomers. Those people who don't understand why millennials are getting to their necks into debt because back in their day you could pay tuition by just working a job on the side and/or during summers?

That and education has become inflated so a lot of degrees are absolutely fucking worthless but nobody's limiting how many people can pursue these degrees. How many literature graduates do we seriously need?

>Dutch college debts aren't comparable to the American ones
Our system is barely a decade old. We'll get there sooner or later.
>You don't pay interest
For now. Governments perpetually want more money to finance whatever programs they want to implement, it's only a matter of time before they start charging interests (and whine about how "generous" they are because it's lower than the interest banks ask for).

Because they might work for Mr Shekelstein and send money to Israel but not need to live on tips.

median bachelors starting salary is $50k and median debt for it $25k. if you do some engineering major then it might be closer to $60-80k and if your in CS then it might be over $100k if you are top tier. if you do well in high school then college may even be free or paying you to go.
most of the debt problems arise when you pick a low paying field of study at an expensive university, as in say wanting to be a teacher and going to a out of state or public school that didnt give you much financial aid. private and out of state schools are usually 4 or 5 times as expensive as some instate school, but with good scholarships they can still be fine. i think many people just do minimum payments on their debt and dont try to really pay it off asap which would take 1-3 years for most people and leave them debt free.
median debt for postgraduate degrees (masters, phd, law, medicine, etc) is $45k but typically those degrees come with a pay increase and open doors to careers you couldnt do with just the bachelors. phd is sometimes free tuition and $20-30k+ yearly stipend on top if you stsy on track and dont fail classes etc. the rest you usually have to pay I believe, med school being notorious for leaving people in $200k of debt, but average wage for them is like $200k anyways and some specialties up to $500k. something like veterinarian school or a shitty specialty in med school may only pay $100k and still come with debt so that wouldnt be great

The higher your education the more money you make. We got the same meme over here.

Nah people are really that dumb and dont know how to google shit kek

I'm an industrial electrician and I make more money than most of my university graduate friends

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>plumbers and electricians
those guys are nazis who never went to college, are you gonna listen to the advice of bigots like that or are you gonna become enlightened and educated?

also there are niggss like this that play the system and never plan to pay debts, spending all his money on a tesla and nice house
abovethelaw.com/2018/06/an-orthdontists-one-million-dollar-student-loan-debt-exposes-the-good-the-bad-and-the-ugly-about-income-based-repayment-programs/

college in america is a culturally enforced scam
like circumcision

yeah but how is the rabbi supposed to eat without foreskin collections?

University here is largely a business, I'm just staying to get my bachelor's and plan on going to grad school in Germany.

Basically every well-paying job with any stability or long-term prospect requires "a degree". Like, any. Some high-level government positions don't even care what the degree is in you'd only be be eligible if you have one. As some anti-intellectuals like to point out there are ~2 million jobs that pay over $15 an hour that don't require a college degree, but most of those jobs are short-term contracts, quickly being automated, or have high turn-over rates. Let's also note that 2,000,000 is basically nothing since that can only employ less than 1% of Americans.

>parents paid for college
>no debnts

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>but most of those jobs are short-term contracts, quickly being automated,
Rather many of the trades won't be getting automated anytime soon. Radiologists, accountants, even lawyers are getting replaced sooner. Tasks which are easy done with AI it's not just assembly line workers and logistics

>trades won't be getting automated anytime soon
Keep telling yourself this.

How do automate an electrician or a plumber? The next in line replaced by automation are jobs like that I mentioned once AI takes off.

This, I had good stats and got into a T20 basically free, CS major and now making a nice salary

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I never understood the lawyer bit. Maybe lawyers in the Western world do way more specialized and repetitive tasks but over there they'll be some of the last to be replaced. You just never know what a client will want, most of the time they don't know either.

Maybe not lawyers but civil servants for. They do a lot of repetitive tasks

well that bit - absolutely. I have nightmares of grumpy 50yo women yelling at me because I didn't fill out some retarded form properly, it's a daily thing for me

Luckily I already work in a place that is automated to hell and back and I just got a full-time contract.
Of course there's few things that could be automated but those are not feasible - area limitations, fuckhuge planning, assembling it, troubleshooting it, fucking expensive etc.
For example I dont think it is really smart to replace one guy on a forklift bringing pallets of materials to conveyors with some fuckhuge Monstromatic-3000 Automatic Warehouse System© when you are still gonna need some guy to look over it, even less so if he needs to be skilled electrician or know about robotics to fix possible malfunctions which makes hiring one more expensive than beerbellied Bobby Basic with two functioning eyes and a skill to drive forklift.