Can someone explain to me as a non American, what is the student loan? Is it college fee? In my country it’s only costed 300-1500$ a year unless you take extra classes then it’ll cost a bit more

So back in the mid 1900’s in the USA tuition cost a fairly reasonable amount (about 8-10 percent of a minimum wage income could be budgeted for school, depending on which one you went to) but from 1970-2020 we saw an explosion of college tuition that didn’t match inflation/CoL/income.

So now in order to budget for a public state school you need to allot about 40% of your minimum wage income for tuition. OR you can sell your life to the military and potentially die that way (if you’re even medically able and willing) in addition to the previously mentioned “go into debt until you’re 60” method that we currently use.

Somehow, while costs have been skyrocketing the quality of schooling has been going downhill for awhile now as funding gets reallocated to the things that make the most money which is just sports essentially (also why it’s so damn expensive.)

Even more fun:

The sports cost money unless the team is popular enough to move merchandise.