This author forgot to add school loans that have to be paid back after the
student graduates. Young people seem to think they will pay it all back
"when we are rich" and continue to live with extras (going out to
restaurants to eat, buying nice clothes, paying for entertainment, the latest
technology, and anything they desire). They max out school loans to live their
comfortable life style. They have a great awakening coming when they graduate.
I am all for getting the most education possible, and education is
worth going into some debt for. However, along the way, students must make
sacrifices in areas that they may never have had to before. This is something
that is very hard for students in todays entitlement culture. Many lack
self-discipline and the ability to deny themselves of anything.