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re: Scales tipped against college?

Posted on 7/24/16 at 4:41 pm to
Posted by lynxcat
Member since Jan 2008
24267 posts
Posted on 7/24/16 at 4:41 pm to
If you had said ten years to repay loan then maybe a discussion could start... But one year is silliness.
Posted by Halftrack
The Wild Blue Yonder
Member since Apr 2015
2763 posts
Posted on 7/24/16 at 4:43 pm to
Yes, ole boy. I'm with Lynxcat. We all need to go to college. We don't need to know plumbing or shop or any of that. That's what Mexicans are for!
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 7/24/16 at 5:15 pm to
quote:

If you had said ten years to repay loan then maybe a discussion could start... But one year is silliness.


He did not saw pay it off in the first ear, he is saying that if your total college expenses are greater than what your first year income will be it is probably not the best economic decision. You will never be able to get economic traction in your life with that kind of debt income ratio. This is just a rough guideline that is utilized by many personal finance advisors.
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