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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 9:22 am to
Posted by ibldprplgld
Member since Feb 2008
26124 posts
Posted on 8/4/22 at 9:22 am to
quote:

Why are you so full of shite? Do you not even remember what you said?


I remember clearly what I said. Don’t get sour because you’re either unwilling or unable to extrapolate anything more from one real world example provided.

Would it make you feel better if I used a different example of the same issue? You seem sensitive over the eating out topic.
Posted by Mo Jeaux
Member since Aug 2008
59829 posts
Posted on 8/4/22 at 9:24 am to
quote:

You seem sensitive over the eating out topic.


The irony in you making this statement is palpable.

Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 8/4/22 at 9:25 am to
What do you waste money on?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30199 posts
Posted on 8/4/22 at 9:26 am to
quote:

I definitely get that it doesn't work as cleanly as it did for me, for everyone. But it is possible


It's quite literally not possible for some people.

quote:

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.


Shocking
Posted by GreatLakesTiger24
Member since May 2012
57866 posts
Posted on 8/4/22 at 9:29 am to
quote:

that depends, are you trying to move away and do these proffessions? If not, its doesnt really matter.

that was about what you do/where you start after college being important, not where you went to college (although there is some crossover in that)... and i'm specifically not talking about engineering or CM.

for example, having to work your way into big4 or biglaw (as opposed to starting there after graduating) is a setback and almost certainly means you're career earnings is taking a significant hit.

eta: serious question, do Deloitte and e&y recruit ull and uno like they do lsu?
This post was edited on 8/4/22 at 9:32 am
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30199 posts
Posted on 8/4/22 at 9:30 am to
quote:

trust me, it only matters for the first job and even then, you can still get one easily.


Which is the hardest one to get and you get judged on where you went to school. You're arguing against yourself.

quote:

disagree all you want, but on that one you are wrong.


Like I said, if you know you want to stay in South Louisiana, go to Mcneese. But you don't know what you don't know. How would you ever know you would want to work for Goldman if you're never exposed to it?

quote:

Most of the places it would matter look at LSU as no better than any commuter school.


If that were true, these companies would put the same amount of resources into the commuter schools. But the reality is they're pouring money into LSU and making them one of their "national schools of interest" along with places like Texas, Penn St, UCLA, etc
Posted by whatiknowsofar
hm?
Member since Nov 2010
24563 posts
Posted on 8/4/22 at 9:31 am to
quote:

Don’t get sour because you’re either unwilling or unable to extrapolate anything more from one real world example provided.


Lol you're the one that's sour because you contradicted yourself, multiple times, in the same thread.

quote:

Would it make you feel better if I used a different example of the same issue? You seem sensitive over the eating out topic.


The irony.
Posted by lsu777
Lake Charles
Member since Jan 2004
34905 posts
Posted on 8/4/22 at 9:38 am to
quote:


Which is the hardest one to get and you get judged on where you went to school. You're arguing against yourself.



quote:

Like I said, if you know you want to stay in South Louisiana, go to Mcneese. But you don't know what you don't know. How would you ever know you would want to work for Goldman if you're never exposed to it?

quote:

If that were true, these companies would put the same amount of resources into the commuter schools.


hold on i was talking specifically engineering and other stem degrees.


quote:

But the reality is they're pouring money into LSU and making them one of their "national schools of interest" along with places like Texas, Penn St, UCLA, etc






dude doesnt matter the degree....places are not pouring money into recruiting LSU like Texas, Penn State, UCLA. LSU is a teir 2 school at best. I hate to say that but its the truth. Its a top 150 university but no where close to the same as the 3 you mentioned. :rotflmao:
Posted by lsu777
Lake Charles
Member since Jan 2004
34905 posts
Posted on 8/4/22 at 9:43 am to
quote:

that was about what you do/where you start after college being important, not where you went to college (although there is some crossover in that)... and i'm specifically not talking about engineering or CM.

for example, having to work your way into big4 or biglaw (as opposed to starting there after graduating) is a setback and almost certainly means you're career earnings is taking a significant hit.



i 1000% agree with that and said so. You go into that knowing though the ROI is there.

Thing is...most college grads from schools in Louisiana either stay in state or go to Texas. Actually way more than just most. For them, unless in finanace or law, its better ROI to stay at a commuter school and minimize debt, get your first job, get expierence than move.


quote:

serious question, do Deloitte and e&y recruit ull and uno like they do lsu?



doubt it, just like they dont recruit LSU like they do the better schools in the NE.

Posted by Abstract Queso Dip
Member since Mar 2021
5878 posts
Posted on 8/4/22 at 9:45 am to
Tier 2 for what engineering?.

It doesn't matter what school you went to if you graduated with a 3.0 or better in engineering or accounting people are begging you to come work for them.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30199 posts
Posted on 8/4/22 at 10:12 am to
quote:

degree....places are not pouring money into recruiting LSU like Texas, Penn State, UCLA.


I can tell you with 100% certainty, there are employers with tens of thousands of employees that have these three schools in the same recruiting tier
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30199 posts
Posted on 8/4/22 at 10:13 am to
quote:

serious question, do Deloitte and e&y recruit ull and uno like they do lsu?


doubt it, just like they dont recruit LSU like they do the better schools in the NE.



You have no idea what you are talking about
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35251 posts
Posted on 8/4/22 at 10:13 am to
quote:


It's quite literally not possible for some people.

And it is possible for some people. Your assumption that someone must have wealthy parents, or be in their 40's to have the financial situation of that guy was incorrect.

Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30199 posts
Posted on 8/4/22 at 10:15 am to
quote:

And it is possible for some people. Your assumption that someone must have wealthy parents, or be in their 40's to have the financial situation of that guy was incorrect.


You took what I said about something completely unrelated and moved it to what you wanted to
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35251 posts
Posted on 8/4/22 at 10:20 am to
You literally said that the guy who had very minimal debt and a graduate degree had to either have wealthy parents or be in his 40's
Posted by lsu777
Lake Charles
Member since Jan 2004
34905 posts
Posted on 8/4/22 at 10:42 am to
quote:

Tier 2 for what engineering?.

It doesn't matter what school you went to if you graduated with a 3.0 or better in engineering or accounting people are begging you to come work for them.



tier 2 period. and yea i am an engineer and know if you graduate...almost no matter the gpa and school and interview well...can get a job easy as hell.
Posted by lsu777
Lake Charles
Member since Jan 2004
34905 posts
Posted on 8/4/22 at 10:52 am to
quote:

I can tell you with 100% certainty, there are employers with tens of thousands of employees that have these three schools in the same recruiting tier


quote:

You have no idea what you are talking about


then things have changed tremendously, but in the end, was not my point to begin with as the people that are looking for those types of jobs and moving away certainly know going in that if they take the loans out, the ROI is there.

my point was...unless in finance or going for a certain secondary school like certain law or mba programs....and you plan to live in louisiana or texas...i.e. ~80%+ of those graduating from Louisiana and Texas schools....you are better off going to a smaller commuter school near your home than going to the big state school like LSU/UT/A&M.

For example...im in engineering, I went to LSU but finished at McNeese. At my old job I had quite a few LSU grads working for me, at my current job i am a sole contributor but we have other McNeese grads that have grads from LSU, McNeese, A&M, Tech and others that work under them.

For most in louisiana and texas, in most majors, matter diddly squat if you went off to college vs lived with parents and went to commuter school.

I personally went to lsu and had abotu 10k in student loans i had to take care of. I went 7 semesters before transferring. I can say with 100% certainty I would have been better off just going to McNeese from the start and living at home, atleast from an ROI point of view.

now i do agree there is something to be said about classical education and going off to live by yourself and being on your own. But that doesnt have the ability to be factored into ROI.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
65930 posts
Posted on 8/4/22 at 11:29 am to
We have LSU higher than most due to LSUCIA and the A&A program. And companies definitely pour money and time into LSU for that area.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
65930 posts
Posted on 8/4/22 at 11:39 am to
quote:

doubt it, just like they dont recruit LSU like they do the better schools in the NE.


I would guess with some level of confidence that the big 4 spends more recruiting LSU then they do most other schools including the NE. A) there are many more candidates and B) LSU charges a premium for access to their students that rivals or beats every other school I've recruited.
Posted by lsu777
Lake Charles
Member since Jan 2004
34905 posts
Posted on 8/4/22 at 11:56 am to
quote:


I would guess with some level of confidence that the big 4 spends more recruiting LSU then they do most other schools including the NE. A) there are many more candidates and B) LSU charges a premium for access to their students that rivals or beats every other school I've recruited.


happy to admit i was wrong. good for LSU.
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