I wanted to add some more thoughts to the discussion on college loans we’ve been having. Not only is it good advice to NOT take out a loan for a university degree, the evidence is now piling up that it might be better to avoid college all together. Many of us in the home schooling movement have already covenanted to never have to send our children to a secular college. Our entire society will have to reconsider how it educates its people soon, if some predictions come to pass.

Even professionals within the statist education system are beginning to see the writing on the wall.  Mark C. Taylor at the New York Times blog admits that there’s an education bubble that’s about to pop:

“What people outside the education bubble don’t realize and people inside won’t admit is that many colleges and universities are in the same position that major banks and financial institutions are: their assets (endowments down 30-40 percent this year) are plummeting, their liabilities (debts) are growing, most of their costs are fixed and rising, and their income (return on investments, support from government and private donations, etc.) is falling.”

Ask yourself the question:  If 80 percent of college grads are unable to secure a job at graduation, what good is a college degree? Furthermore, if they’ve racked up tens of thousands of dollars in debt, and are unable to secure a job, was college really a “wise” investment? We’re told by our idolatrous society that there’s “no better investment than an education.” It appears that the writing is finally on the wall concerning what a lie that is (and always was).

For people who read this and are thinking about college and a loan for their children, consider the model that many of us in the Christian community are already incorporating. Our children stay at home and work in the family business. When they’re old enough (like 9 or 10) they start businesses of their own to manage. Their responsibilities and education get increasingly more challenging as they get older, and by mid-teens, they have a trade of their own. They then stay at home and work in the family business and their own business (or businesses) until they are old enough to marry and support their own family (early 20s). By that time, they’ve already learned how to be entrepreneurial and to provide for our future grandchildren (and hopefully us, when we’re a couple of grey-heads). And all the while, they learn skills that are actually useful, and take out zero debt in the process.