If there ever was a smoky back room with old white men conspiring to enslave the human race they could not have come up with a better approach than STUDENT LOANS USA INC.
"Should I just take out a crap ton of student loan debt now so that I can pay it off when hyperinflation hits? " Lets just hope this is facetious, as mortgaging your life is not the best risk strategy If there is any concern just hedge or prepare for whatever, Some prepare to a point where the worse case becomes the best case
corporate cash all time high; checking account cash all time high; most pro-biz president in the office for 6 more years; computer chip speed doubling every 24 month and has reached critical mass where AI will bring revolutionary productivity gains in all lines of business; the future is so bright!
You're blaming student loans and I blame not-for-profit universities that provide free tuition to some and charge others $50K while their endowment grows. Why is a college book $250? Why can a professor make copies of a paper and charge $100 for 100 pages? None of this should be allowed if they are not-for-profit and pay no taxes. If you can't afford a private university and still want a degree-Plenty of local colleges that provide a good education. https://www.baruch.cuny.edu/tuition/ . Nothing wrong with learning a trade- plumbing, electrician, contractor etc. do that for someone else for 5 years then start your own business.
I had a college class and the professor made us buy his lame paper back book. He then made us tear out the first page, sign it and then turn it in for class credit. By doing that we were unable to sell it back. What a douche.
A semesters worth of Economics and Statistics books totaled $1400+ for me- 6 classes. 2 books were written by the professors and only sold through the school... meaning you can’t go buy them cheaper on Amazon. I ended up downloading a couple books for free online, but you need some codes to do homework online. Those codes are usually ~$100 + the separate cost of the book. For the teacher-written books, our class funded 1 book, scanned it, and then created a google doc and used that for all 50 some of us. The codes alone squeezed ~$300 out of me. Books that I had to have in class squeezed another $500 some out of me. It’s a horrible scam. My last semester I took a drop in GPA for not even buying the books and taking the hit on homework. Didn’t find the extra ~$1400 expense to be worth it.