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OK, don't take out hundreds of thousands of dollars in student debt. Very few people will ever be forced to consider doing that because 1) they can choose to go to a cheaper school or 2) even very "expensive" private schools offer generous financial aid packages that should make debt manageable.

If you choices are 1) take $30K in student loans to pursue a career you're interested in/go to a school that will set you up for a promising future, or 2) teach yourself how to become a software engineer even if you're not interested in it or well suited for it, then I'd advise people to go for #1 every time.




Correct,

it is not the debt itself but the size of it and expected payoffs.

If you were coming from an average financial background in America then

a 30K student loan to go to an excellent school that sets you up for life would be most certainly worth it, 300K would most likely not




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