Working Isn't Child Abuse

Mandy asks if it’s okay to take out student loans when you have no other income to live off of while you’re in school. Dave wonders if no one taught her how to work.

QUESTION: Mandy asks if it’s okay to take out student loans when you have no other income to live off of while you’re in school. Dave wonders if no one taught her how to work.

ANSWER: Mandy, that’s just not a true statement. You don’t have any other source to live on? Why not? Nobody ever taught you to work? I worked 40-60 hours a week while I went through school. I finished in four years. Now they call that child abuse. So what’s up with that?

Look, you’re not going to box me in a corner with your reasoning or your lack of reasoning that says you have to take out student loans. Only 57% of the people who start college graduate, which means 43% don’t. Guess what they have? Student loans and no degree because they had no other source to get their degree!

Is education important? Yes. Is it vital? Is it absolutely 100% necessary? No. Do I recommend going to college? Yes. Do I recommend going $80,000 in debt to get your degree in underwater basket weaving? No. It frustrates me when smart people don’t think. The answer is you get some money by applying for 8,000 scholarships, spend the entire summer applying for scholarships, you take a job or two or three, you live in the dorm and eat the dorm food, or you stay at home. You could go to an in-state college where you get in-state tuition, which is a lot cheaper than some private school that you can’t afford.

Do a cost-benefit analysis. If I’m going to spend this amount of money on education, how am I going to benefit? If you get a degree in German history of polka music, you’re an idiot. Be thoughtful about what you’re studying.