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Started By
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re: 3/4s of millennials are more than $100,000 in debt, most not from mortgages
Posted on 8/4/22 at 8:51 am to lsu777
Posted on 8/4/22 at 8:51 am to lsu777
quote:i'm not sure if i agree with this, but it's definitely not a MASSIVE gap
but the ROI on some kid goign from Lafayette or Lake Charles goign to LSU over ULL or McNeese is essentially zero.
if you want to get a job in the plants or something like that, sure. but if you want to work in finance in dallas, tech on the west coast, etc., i think there's value in going to lsu or somewhere else that's not a regional commuter college in louisiana.
i don't think i would have got my first job out of school with a mcneese degree. i could be wrong though.
This post was edited on 8/4/22 at 8:54 am
2
Posted on 8/4/22 at 8:56 am to GreatLakesTiger24
Eh… Maybe right out of college. I feel like a ULL kid that lives in New Orleans for a few years and works for a good company to get experience could definitely make the move. I have a buddy that went to utsa (ut San Antonio) and he works for JP Morgan in Houston. I don’t think utsa is any better than the other schools mentioned.
This post was edited on 8/4/22 at 8:57 am
Posted on 8/4/22 at 8:57 am to Epic Cajun
quote:
We both had scholarships and lived with relatives during undergrad. But, that doesn't mean that our parents were wealthy.
So to start, you had the fortune of having relatives live nearby the school you were attending, which probably saved you $10k+ each, per year, between housing, bills, groceries, etc.
quote:
I worked through graduate school and paid in cash as we went for both of us (I almost finished my graduate school by the time she started hers).
So your wife had significant financial help while in graduate school.
And for the record, I’m not knocking you. I have significant student loans *and* I got a bit of help from my family. I just don’t like it when people turn their noses up at those who didn’t have access to the same resources they did
Posted on 8/4/22 at 8:58 am to lsu777
quote:
same with kids in nola with uno,
I'd be years behind where I am now if I went to UNO. Unless they have a program in my field where internships and full time jobs post grad fall in your lap like at LSU.
I understand the overall point, but zero debt and reasonable debt are not on different sides, especially if you choose a valuable career path.
Posted on 8/4/22 at 8:58 am to justaniceguy
quote:contrary to popular belief, what you do right out of college matters A LOT in many fields
Eh… Maybe right out of college. I
Posted on 8/4/22 at 9:00 am to justaniceguy
quote:
Eh… Maybe right out of college. I feel like a ULL kid that lives in New Orleans for a few years and works for a good company to get experience could definitely make the move. I have a buddy that went to utsa (ut San Antonio) and he works for JP Morgan in Houston. I don’t think utsa is any better than the other schools mentioned.
Mcneese is in lake Charles Louisiana. utsa is in one of the largest metros in the US
Posted on 8/4/22 at 9:00 am to Joshjrn
quote:
And for the record, I’m not knocking you. I have significant student loans *and* I got a bit of help from my family. I just don’t like it when people turn their noses up at those who didn’t have access to the same resources they did
I'm not turning my nose up at all, I was just using an anecdote to show that the initial comment that I quoted wasn't always the case. I completely understand people taking out student loans if the degree has a significant ROI.
quote:Definitely, but that was by design because I didn't want to take out student loans. I had offers from other schools, but I didn't think the benefit of those "better" schools would outweigh the benefit of not having to take out loans.
So to start, you had the fortune of having relatives live nearby the school you were attending, which probably saved you $10k+ each, per year, between housing, bills, groceries, etc.
This post was edited on 8/4/22 at 9:03 am
Posted on 8/4/22 at 9:02 am to Mingo Was His NameO
San Antonio is also bigger than New Orleans or Baton Rouge. Not really sure why the size of the metro matters. I could be wrong, but a kid that does well at Mcneese could get a good finance job in New Orleans… I would think
Posted on 8/4/22 at 9:03 am to Mingo Was His NameO
quote:
I can tell you from first hand experience the experience and opportunities aren't the same at schools like Mcneese or ULM or event LA Tech ad they are at LSU.
LSU offers so much more around the world than those regional schools do. Goldman Sachs isn't recruiting at Mcneese, they are at LSU
i went to both LSU and McNeese and sure LSU does offer some opportunitites that McNeese or ULL dont, but that is mainly only in the finance majors or those possibly looking to get into certain secondary schools.
Example would be engineering or construction management..makes no difference if you went to ULL/Tech/McNeese/LSU etc....now Stanford, Ivy League, Notre Dame or GT or some place like that...yea makes a difference but the difference comes more from the oppurtunities that are offered from the connections you make at those places.
those that plan on just going to work in the dallas, houston, south LA market....yea that shite dont really matter.
Posted on 8/4/22 at 9:04 am to justaniceguy
For the record, I agree that taking out 20k loans to go to LSU versus staying in your hometown is probably worth it… but if you get the same degree I don’t think it will matter too much in the long run.
Posted on 8/4/22 at 9:04 am to justaniceguy
i worked in finance in new orleans with a bachelors from lsu and my education was significantly inferior to everyone else in my group
Posted on 8/4/22 at 9:04 am to GreatLakesTiger24
What fields would that be? Not trying to be sarcastic… genuinely curious
Posted on 8/4/22 at 9:04 am to GreatLakesTiger24
quote:
i'm not sure if i agree with this, but it's definitely not a MASSIVE gap
if you want to get a job in the plants or something like that, sure. but if you want to work in finance in dallas, tech on the west coast, etc., i think there's value in going to lsu or somewhere else that's not a regional commuter college in louisiana.
i don't think i would have got my first job out of school with a mcneese degree. i could be wrong though.
yea finance and i guess certain computer science type degrees are the exception. But you go into that knowing you may have to take out student loans and the ROI is worth it.
for most other degrees, its abotu getting your foot in the door and getting expierence, even for those trying to relocate.
Posted on 8/4/22 at 9:05 am to Epic Cajun
quote:
Definitely, but that was by design because I didn't want to take out student loans. I had offers from other schools, but I didn't think the benefit of those "better" schools would outweigh the benefit of not having to take out loans.
I’m from Lafayette. There’s no law school there. And I didn’t know anyone who lived in or near a city with a law school. It was either pay the cost of admission (offset by a partial scholarship) or choose a different profession
Posted on 8/4/22 at 9:06 am to justaniceguy
finance, accounting, law, real marketing/sales
Posted on 8/4/22 at 9:10 am to GRTiger
quote:
but zero debt and reasonable debt are not on different sides, especially if you choose a valuable career path.
nothing wrong with reasonable debt. at all, especially if you are in a high ROI field.
finance and the ability to get into certain secondary schools tends to be the ones that its worth taking out the bigger student loans.
Mingo needs to understand he is the exception though(which is confusing because 99% of the time he is the one preaching that), greatlakes also, in that finance and wanting to go out of state makes the ROI worth it for them.
but for most kids in the south, going to a commuter school is 100% the better choice.
Posted on 8/4/22 at 9:12 am to Joshjrn
quote:
I’m from Lafayette. There’s no law school there. And I didn’t know anyone who lived in or near a city with a law school. It was either pay the cost of admission (offset by a partial scholarship) or choose a different profession
I definitely get that it doesn't work as cleanly as it did for me, for everyone. But it is possible. I know a few other people in a similar situation to me in my social circle. But, they are all from around Lafayette, and went to school here while having family help with their living situation. They mostly work in healthcare or O&G.
Posted on 8/4/22 at 9:12 am to lsu777
quote:
Example would be engineering or construction management..makes no difference if you went to ULL/Tech/McNeese/LSU etc
Disagree unless you know you want to stay in the area, then sure.
Posted on 8/4/22 at 9:13 am to GreatLakesTiger24
quote:
finance, accounting, law, real marketing/sales
that depends, are you trying to move away and do these proffessions? If not, its doesnt really matter.
i can tell you in marketing and sales in south LA....that shite doesnt matter at all.
unless you are trying to go to a big firm...nobody in accounting or law is making a choice on who to hire, outside of maybe NOLA, on if you went to LSU over ULL then law school in NOLA.
nobody really gives a shite. its about the interview and production once you get the job.
Posted on 8/4/22 at 9:15 am to Mingo Was His NameO
quote:
Disagree unless you know you want to stay in the area, then sure.
i know tons that graduated in engineering at those places and are all over the south. trust me, it only matters for the first job and even then, you can still get one easily.
disagree all you want, but on that one you are wrong. Most of the places it would matter look at LSU as no better than any commuter school.
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