99.65% of 18-year olds 100% do not. or compound interest. the system is rigged against them to not be taught any of basic finacial literacy
Basically all college-bound 18-year olds understand what debt is — you’re infantilizing them to a ridiculous degree if you think otherwise. A lot of them choose to proceed with college due to career optimism and following the herd, not because “debt” is some magical concept that they don’t understand.
Basically all college-bound 18-year olds understand what debt is
not to sound snarky but seldom do I read here something more wrong... if they did they would NEVER take on the kind of debt they are taking on in droves to get that paper. "debt" is one thing, you probably understand "debt" when you are a kid... understanding loans however - is an entirely different thing from general concept of "debt"
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