'Be careful about going into debt,' Quiroz advised students in 'less future' careers

Chilean Finance Minister Jorge Quiroz has urged students to exercise caution regarding debt, particularly those enrolled in "careers with less economic future." His advisory comes at a time when the Treasury is implementing embargoes against individuals indebted under the CAE student loan program.

Quiroz's statement highlights concerns about the financial viability of certain academic paths. He specifically advised students to "look at what they are doing and be careful about getting into debt and studying careers with less (economic) future." The minister expressed surprise at the number of people pursuing such fields.

This warning follows a recent report by the National Economic Prosecutor's Office (FNE). The report revealed that over 50% of students entering technical-professional education do so in programs yielding negative financial returns. For university students, this figure stands at 22%, with humanities, particularly art and architecture, often associated with such low-return degrees. President Boric has also called for an end to embargoes and account seizures for student debt.