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You're conflating college with student loans. Not everyone who goes to college comes out with tons, or even any debt. Additionally, federal loans for undergraduate degrees are capped (to ~$35kish right now). It is graduate school where people end up with six-figures of high interest debt, as graduate loans are unlimited.

You don't need to go to college to be successful, but the data speaks for itself. College graduates have always, on average, earned more and enjoyed significantly lower unemployment. Even if that weren't the case, the fact that college-level jobs are easier on the body and people can generally do them well for 20+ years longer is a huge benefit.

I was raised by two blue collar people and my parents were big on college. My father worked as an electrician and even by the time I was 16, his body was starting to give out. He's basically unable to ply his trade at this point due to several complications related to his career, and works a near-minimum wage office job now. I'm sure he would gladly trade half a years salary when he was 18 to get an additional 20 high-earning working years.



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