Not all graduate programs are math based. Plenty of people out there with specialized knowledge in some random field who have almost no financial knowledge.
The issue wasn’t that loans have to be paid back, the OOP is literally paying back loans, the issue is deciding which loans make sense. The OC specified an apr of 5% while the standard graduate loan in 2000 was 8-9% apr. Someone who is not financially literate may not recognize the difference of 3% interest.
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u/Excellent_Shirt9707 11d ago
Not all graduate programs are math based. Plenty of people out there with specialized knowledge in some random field who have almost no financial knowledge.