Doesn’t it all remind you so much of the real estate crisis of a decade ago? Many people could have been fine in a 3 bedroom, 2 bath home but were granted the mortgage for enough to buy the 5 bedroom, 4 bathroom home, took it and then wham…a bailout was required. Similarities are eerily similar.
For example…as a PA resident you can go to Bloomsburg University and get a teaching or nursing degree that is highly regarded for $20 grand a year and your family is more likely to afford or you can go to Penn Stat/Pitt for $36,000/year, take out fed loans and then the plus loans to get an equal degree but owe thousands and thousands of more dollars at graduation. Neither route provides much if any merit.
I am not judging…I am just questioning the logic. I have told my kids…go to Bloomsburg…purchase a Penn State Football pass or scalp tickets for a few games(only 30 minutes apart from each other) and you will come out far, far ahead. They hate when I say that!!! LOL