You might like this article, too: #926119 It goes on about how the universities operate, which is why there is so much heavy debt amongst previous students.

I have noticed that these folks, kids, if I may, seem to have a really high time preference for things. That means they want it now, right now, and cannot wait to save up or scrutinize alternatives for a more reasonable price. They just take on the debt and then wonder why they are in such a debt trap and are constantly worried about any changes in their circumstances. It is as if they did not know that life is nothing but a big bundle of changes, changes now, changes later and changes all around for everybody. They were never taught that little factoid.