Notes on Education

W hile socialist oriented countries provide free higher education to citizens that wish to pursue it, other countries have left it in private hands to various extents. In order to pay the cost of this education, students often take loans from various financial institutions in the hope that they shall be able to pay it back easily after they graduate with the help of a good job. It does not always turn out that way though. One can be unemployed or underemployed later depending on the state of the economy or the state of the person in future and repayment can become a huge stress compromising the very quality of life. In addition some of the loan givers may be predatory sharks that can harass much later. There are also many persons, including this author, that are in principle against taking a loan for any activity in life except dire life threatening or very short term emergencies (such as losing your wallet on a trip) unless the loan is a forgivable loan from a non-profit maki