posted on Nov, 30 2016 @ 06:29 PM
I was reading through Loam's thread about the possibility and eventuality of a student loan bubble.
Lots of back and forth and to me neither side is wrong. The gist is that at some point the outstanding loans will need to be paid back. One way or
another. In this thread I would like to propose my long standing idea on the matter. I've greatly considered this a valid option and have gone as
far as contacting a few non-profit organizations and may make some headway.
Here is the premise. Temporary work. You make wages based upon experience and are not bound to any place that you work for. Part of these wages,
possibly tax exempt go to a school fund. Similar to a 401k or Roth IRA. By the time you are in your mid twenties you are ready to pay for school and
can dedicate as much time as you have earned toward this endeavor.
My reasoning behind this is rather simple. In a persons teens to early twenties, generally speaking, they will never have more energy and use of
real hands on work. Minds are working and can be molded. Skills can be learned and used. Risks don't carry the same weight they do as you age.
Expenses are minimal.
Now some kids/young adults have it all figured out. They've done the research, they have the motivation and passion and know what they want. I
don't think that scenario applies to most however. By exposing folks to as many different fields of work and study as possible in their prime years
and at the same time, giving them a shot at earning money and they ability to actually INVEST in their own future would pay dividends on multiple
Please, pick this argument apart. Scrutinize it. In my mind this makes sense. This is how you feed minds and muscle and responsibility.