A. Nony Mouse wrote:I think that's a little unfair. To the extent people go to school without scholarships, that's one thing. To the extent you're saying people live high on the hog during school and not doing so would reduce their debt, I don't really agree. (In part, the problem with debt isn't students spending too much when schools charge $60+k/year for tuition.)
But then I went into debt (though not $60+k/year debt.) Despite being old. I get kind of annoyed at blanket statements about the effect of age on the decision making process.
(And of course someone with a full ride and a spouse making $40k should be able to cover expenses; that's not even really an accomplishment.)
Also, "our age" still admits of a huge range. Factor that in with the huge range of potential law school debt, and the generalizations are even less helpful. $90k debt at 33 is way different than $250k debt at 48.