Hi, I’m Myles!
I’m 18 years old and I’ve just graduated high school.
My friends have all started university courses but I’ve decided to take a gap year to work, to travel and to take some time to figure out what I want to do next: 13 years of full-time education has left me with more questions than answers.
One of my biggest questions is about money and, in particular, about debt.
Around Christmas-time last year, my friends and I were all applying to colleges and universities, but I seemed to be the only one asking how much it was going to cost. The cost of further education has risen dramatically in recent years and the thought of borrowing a huge amount of money is a real concern.
“Don’t worry…” they told me.
“They take the money directly from your wages so you’ll never miss it.”
Say what now?!
“And anyway, the loans are cancelled after 30 years…”
You’ll never miss it…?!
But I was worried, so I did a little digging and the numbers I came up with were frightening.
Follow me and I’ll explain how we’re pushing our kids into a life of debt-slavery from which they may never escape, and how that has the potential to affect every major decision they make for the rest of their lives.