Student Loans–Education by Doctor Evil

Student loans–yet another thing I’m against. I’m not against the fact that they exist, mind you, I just don’t think think they are a good idea for me or my posterity. You can do what you want, but Katherine Coble and several other people agree with me.

I still think that the student loans I took out were some of the biggest financial mistakes of my life.

And from the comments, Jim Voorhies adds this.

Being able to do what you love is the goal all of us should have. Knowing what that was at a time early enough in life to be able to mesh it with your degree is remarkable.

It’s totally contrary to the norm, but I think many 18 year olds would be a lot better off if they didn’t go to college right away. They’d be better off getting a job doing something, getting their partying out of the way, learning what it means to have real bills, saving some money (for school) and figuring out what they really want to do. It would have been good for me.

Maybe a good rule of thumb is to have two of these three things in place:
1) Absolutely sure of what you want to study
2) Can pay for it without loans
3) Have done enough real labor to know you don’t want to wash dishes for the rest of your life.

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