This story made me happy. My parents pressured me into enrolling when I was fresh eighteen, and I was burned out after one year and dropped out. I liked the education and was all about electronics, but I had never held a job before then, and should have gone that direction instead. What followed was mostly twenty years of working in different places and moving on when the Department of Education would catch up to me. I should have bankrupted myself out of it before they created that lovely exemption for student loans when I had the chance.
Oh well, I lived, learned, and found work that paid well enough to let them siphon my hard-earned money for almost a decade while barely getting by. Three years ago it finally ended and I no longer had to be creative with my taxes so I was always paying $10-$50 at the end of the year so they had nothing to garnish beyond my paycheck. At that point, I bought a van. The cost of payments, insurance, and gas was equal to the price of a monthly bus pass and what they were taking out of my paychecks. My last van payment will be next March, and I plan to celebrate and start building my bank account faster than ever with an eye towards using my electronics and programming knowledge to become self-employed.
While much of this was my own fault, ITT still robbed me of a good portion of my life. I'm glad to see them go, and maybe more stories like mine will make the next generation think twice before getting trapped in a student loan. Looking back, working and paying for college is a smart thing to do, but going in the direction of Entrepreneurship is even better. There will always be a limit to how much money you can make if you're working for someone else. There are no guarantees, but there is always the possibility of raking it in with the right product or service, and the education needed to run a business doesn't have to be expensive. What good is being a lawyer if you're paying thousands every month for your education until you're in your sixties?