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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 Tigerpaw123
Entry level or mid career?
That's probably a petty good rule.
That's probably a petty good rule.
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 8:33 pm to tduecen
I sure don't want my kids coming out with a big debt. Man that just can kill a person for years.
Posted on 5/30/16 at 8:45 pm to Tigerpaw123
quote:
Less than one years salary for whatever profession the degree is for
this is actually a pretty good rule of thumb...I had roughly that and didn't really have trouble paying it off.
Posted on 5/30/16 at 8:47 pm to Spankum
quote:
Less than one years salary for whatever profession the degree is for
Makes sense. Also makes me feel better
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 Tigerpaw123
quote:
Less than one years salary for whatever profession the degree is for
Never heard that but that seems to be really good rule of thumb. I worked my way through and had to take out a loan my last year, I managed to leave Auburn with an accounting degree and 10k in student loans. There are a lot of people who just refuse to get a job while in school, it is hard to manage it but goes along way.
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 5/30/16 at 9:13 pm to EvrybodysAllAmerican
OT ballers don't take out student loans, baw.
Posted on 5/30/16 at 9:18 pm to athenslife101
quote:
schools across the board have done such a poor job preparing graduates for the work force
I think the key here is that every business has their own way of doing things that a school can't teach. To do the corporate world now, you have to be able to think on your feet and adapt quickly. School can help you learn that but they can't hold your hand forever.
Posted on 5/30/16 at 9:21 pm to Warfarer
Frick work, devote those hours into studying and boosting your GPA.
15hrs/wk x $9/hr = $135 paycheck gross.
Devote those 15hrs in addition to your studying regime and your grades will look much much better.
15hrs/wk x $9/hr = $135 paycheck gross.
Devote those 15hrs in addition to your studying regime and your grades will look much much better.
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