Comment Re:Student loans led to the education bubble (Score 2) 834
You can get better education, free or nearly free, in most of Europe, and yet the US youth just sits there, saddling itself with gazillions in student loan debt -- all of which it cannot default on, because it belongs to uncle Sam himself. Shudder...
One can argue which universities in the world are the best, which metric to use etc, but higher education is not free in Europe. It is payed for with tax euros, or as in my case, tax kronor, as I got my education in Sweden. What you fail to understand is that students in Europe, in Sweden at least, take students loan too. There may not be tuition fees but students have to pay rent, eat, pay for books etc too you know. So while the total student loan amount in Sweden is generally smaller than in the U.S., students still have big loans in relation to expected future salaries. Very few are fortunate enough to go through higher education without student loans in Sweden.