Why do students take out enormous student loans for unmarketable degrees? Do they understand the risk?
Why would you take out a student loan of 50k or more for a degree that will only start you at a salary of 30k a year?
No, most students don’t understand a lot about student loans. But just because you start low doesn’t mean you won’t move up quickly. The ones I don’t understand are the ones that don’t even have careers based on those degrees. Like why would you think philosophy would be a good major if you’re not going to pursue any graduate work?
