It is once again that wonderful time of year, back to school time. Many people are now beginning classes at public and private universities with the hope of bettering themselves and their families. Education is extremely important, but unfortunately the cost of it may now be outweighing the benefits. I found this video from John Oliver online this morning, and I think it pretty well outlines the problems with our current student loan system. I highly recommend watching it if for no other reason than it is funny. I am hard on student lenders, but that doesn’t mean I think people shouldn’t go to school, they just need to be aware of the future they will be facing and right now the schools don’t do a very good job of preparing people for that reality. Do yourself a favor and watch the video.
To anyone going back to school this fall, have fun, study hard, and don’t take the financial aid office’s advice as gospel.