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Dr. Mark Young

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@MarkYoungTruth

Host Blunt Force Truth w/ @chuckwoolery , PhD, 1#Best Selling Author, investor, entrepreneur, Race car driver, longevity expert, Guinness World Record holder
Detroit, MI, Ft Lauderdale. FL meetmarkyoung.com Joined July 2012
1.3K Following 114K Followers 132K Posts

Latest posts 5

Dr. Mark Young Verified account @MarkYoungTruth
So you are claiming people were forced to take out student loans? Why should I pay someone else loan off ?
Owen Verified account @Owennfa 1d
CAN WE PLEASE STOP ACTING LIKE STUDENT LOANS ARE JUST A MATTER OF PERSONAL RESPONSIBILITY?

My cousin graduated with $52,000 in student debt. He did what everyone told him to do.

Study hard. Get a degree. Find a decent job. Build a future.

He got the degree.

His first job paid $46,000 a year.

His student loan payment was $450 a month that's $5,400 every year going toward education before rent, groceries, transportation, taxes, or savings. And here's the part that bothers me.

The degree was supposed to improve his earning potential over his lifetime. It wasn't supposed to guarantee that his first job would make him wealthy.

But why does someone have to begin their adult life with a financial obligation that can follow them for years before they've even had a chance to build an emergency fund?

Yes, education can be a worthwhile investment. Yes, loan terms matter. And no, not every degree or borrowing decision has the same outcome but an investment can be valuable and still place an enormous burden on the person financing it.

We celebrate graduates for getting their qualifications.

We rarely talk about how long some of them spend paying for the privilege of earning those qualifications.

If education is the path to a better financial future, why does the starting line come with so much debt?
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Dr. Mark Young Verified account @MarkYoungTruth
Government is not capable of doing this , it will cost 20x that for government to provide
Holden Verified account @Holden114 22h
I don't get the reflexive conservative hostility to this. $12/month to guarantee food for everyone plus lift the burden on families to prepare meals would be a society-wide positive (anyone who wants to make homecooked meals still can).
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