Student debt is a poverty tax on low income families

Students who have to take out loans to go to school wind up paying more than rich people who just pay out of pocket up front.

Ultimately, it's a form of punishment for being low income and wanting higher education.

Correct?

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meJess · F

Tax is obligatory, a loan is a choice. Many people who take trade jobs, like electricians, earn more than many university graduates and don’t have student debt.

If you are smart enough to go to university you are smart enough to do the math on salary uplift compared to other careers.

Bonby · 61-69, M

@meJess that's Truth right there

wishforthenight · M

@meJess That's not a fair comment. You're oversimplifying by treating student loans as a true choice, when many low-income students have no other way to access education.

Sure, trades can pay much better, but not everyone is suited to them, and society needs lower-paid but essential graduates too.

Also, assuming all students can "do the math" ignores unequal access to guidance. You can be "smart" but that doesn't mean you're financially literate.