Is College Education a Debt Trap?
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I know there are going to be some fingers pointing towards me after publishing this post. But my opinion and views are mine and having a blog I just can’t let them die within me.
Yesterday while I was at my day job, I was talking to a guy who must be in his early fifties. We were just sharing the ups and downs of life and just, well, you know bitching about how life doesn’t turn out exactly the way you planned when you were in your twenties. As we were talking, bitching whatever you want to call it, we ended up talking about education and how important it is in todays world to get ahead in the game. As we started talking on this topic I asked him if he had student loans and his answer was, ” Yes, I am still paying for it and I finished college when I was 30.” Just a quick reminder - he is in his early fifties.
This is what he had to say,
You know I was glad when I graduated. It felt like I had wings and I could reach new heights. I graduated from one of the most prestigious universities in US and I was proud. But today when I look back I wish I had just been dumb enough not go to college. My dumbness then would have proved to be the smartest decision at this point in my life.
So what exactly is student loan - a blessing or a curse? Isn’t the whole purpose of student loan to allow you to have a better future? Isn’t education suppose to help you get far ahead in life rather than get trapped in past? Isn’t it supposed to help you not get into debt rather than trap you in it for years to come, in some case even after retirement? Beats me. [Click here to read more →]


