In some ways, I am so glad to not have a degree, and to have forged my own path.

https://www.dailymail.co.uk/yourmoney/consumer/article-12806053/companies-ax-college-bachelors-degree-requirements-walmart.html?ito=native_share_article-nativemenubutton

Imagine being in crippling debt for a piece of paper that has been devalued vs. experience? Some fields of study ABSOLUTELY require a degree..like docs, lawyers, etc....But if you just want to know history..learn history. You don't need to spend 100k+!!! Trade school until your house and 2 vehicles are paid off..THEN do what thou wilt.

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OldBrit · 61-69, M

I just want to point out that in UK it isn't really a debt. It's essentially a tax.

You can finish your degree and never pay a penny back if you work under the salary threshold.

The amount you pay back is determined by your salary.

It's never included as a debt in any bankruptcy order.

When you reach the end of the term of the debt any outstanding capital or interest due is written off.

It's estimated over 75% of current outstanding loans will have to be written off by the exchequer.

So it isn't like normal debt. Consider student loan debt as a tax.

SW-User

@OldBrit Apples to oranges comparison when it comes to the US. It’s not even remotely the case in the US. It was different when I was in college, I paid mine back in half the time with less than 1 percent interest rate. Now since the 2008 crisis the colleges and banks here have turned into criminals who gouge people for money for the rest of their lives. Interest rates applied monthly that are so high they will never be paid off, and tuitions that have tripled or quadrupled from what they used to be.

foldedunfolding · 41-45, F

@SW-User yeah my friend is being taxed 30k on money that was FORGIVEN lol

SW-User

@foldedunfolding Was never actually forgiven I don’t think, I believe that attempt failed.

foldedunfolding · 41-45, F

@SW-User that's what i thought too..but she had receipts 🤷‍♀️