- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
what (in your opinion) is a reasonable amount of SL debt to incur?
Posted on 5/30/16 at 8:15 pm
Posted on 5/30/16 at 8:15 pm
For a good degree (engineering, accounting, etc.)
15
Posted on 5/30/16 at 8:22 pm to GreatLakesTiger24
Less than one years salary for whatever profession the degree is for
Posted on 5/30/16 at 8:23 pm to GreatLakesTiger24
It really mostly depends on the school you're attending.
Posted on 5/30/16 at 8:23 pm to GreatLakesTiger24
$288
Posted on 5/30/16 at 8:27 pm to GreatLakesTiger24
But tree fiddy
Posted on 5/30/16 at 8:30 pm to GreatLakesTiger24
Dunno but I owe 70k
Posted on 5/30/16 at 8:32 pm to GreatLakesTiger24
My opinion is to not come close to 6 figures if your degree does not have a D in the initials.
I like the idea of one year salary, but that is very hard to gauge.
I like the idea of one year salary, but that is very hard to gauge.
Posted on 5/30/16 at 8:47 pm to GreatLakesTiger24
quote:
For a good degree (engineering, accounting, etc.)
I think the one year average starting salary is a good figure. I also think people have this idea that they have to go to the most expensive schools on the planet. Talent, assuming it is marketed correctly, will always find a way to get paid.
Posted on 5/30/16 at 8:49 pm to GreatLakesTiger24
The last report I saw is that almost 50 % never pay it back-so what difference does it make !!
Posted on 5/30/16 at 8:54 pm to GreatLakesTiger24
quote:
good degree
Absolutely a misnomer in today's society. I work in finance and I don't have a "good" degree. Every HR person I've ever talked to said they don't care what you get your degree in. What they care is that you are able to learn quickly at a high quality level. To quote someone in upper management "schools across the board have done such a poor job preparing graduates for the work force that a finance major doesn't mean much more than a underwater basket weaving major. It's the person that's attached to that degree that matters."
I'll add the caveat that this only means for people not getting a "professional degree" Those do matter
This post was edited on 5/30/16 at 8:57 pm
Posted on 5/30/16 at 8:55 pm to GreatLakesTiger24
Take out as much as they'll give you. (But put it in the bank or short term investment, spend as little as possible), then when you get out you'll have <3% loans to start a business, buy a house, etc. (assuming student loan rates are still that low? I've been out a while so not sure)
*unless you're not disciplined enough to not blow through the money. Then get a job and take out as little as possible.
*unless you're not disciplined enough to not blow through the money. Then get a job and take out as little as possible.
This post was edited on 5/30/16 at 8:58 pm
Posted on 5/31/16 at 7:21 am to GreatLakesTiger24
0.00. Get a summer job and pay your tuition. Boomers am I doing it right?
As little as possible.
As little as possible.
Posted on 5/31/16 at 7:29 am to GreatLakesTiger24
quote:I racked up around $160K over the course of 6 years (3.5 years PETE, 2.5 years & graduated in CM, working nearly 40 hrs at night from sophomore year to graduation), but that was tuition, one summer session, out of state fees (after budget cuts killed my scholarship
For a good degree (engineering, accounting, etc.)
), rent for 2-3 years (paid out of pocket the rest) for a useful degree from the engineering school. I do better than expected for being fresh out of school, so I'm throwing $1500/mo to try and pay them off in 12ish years with interest. It's the most expensive piece of paper I have in my office 
/ 
This post was edited on 5/31/16 at 7:32 am
Posted on 5/31/16 at 7:40 am to GreatLakesTiger24
Borrow all you want and vote Bernie. Problem solved.
Posted on 5/31/16 at 7:48 am to GreatLakesTiger24
I would say it depends heavily on the school you're going to.
I would get myself more in debt to get a degree from MIT than I did for my degree from ULL.
With that said, the 1 year starting salary rule sounds reasonable.
I would get myself more in debt to get a degree from MIT than I did for my degree from ULL.
With that said, the 1 year starting salary rule sounds reasonable.
Posted on 5/31/16 at 7:54 am to GreatLakesTiger24
for an undergrad degree? none
summer jobs, scholarships, and side jobs should be able to get your through college easily without taking out loans
you might be poor as frick and don't always get to go out every weekend or get to do anything during the summer
but graduating college debt free puts you ahead in life really early
I did it and it really helped me get financially secure early in life
summer jobs, scholarships, and side jobs should be able to get your through college easily without taking out loans
you might be poor as frick and don't always get to go out every weekend or get to do anything during the summer
but graduating college debt free puts you ahead in life really early
I did it and it really helped me get financially secure early in life
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News