re: Mark Cuban says taking out a loan to go to college is the "dumbest thing you can do"

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think the better option is to defer your enrollment for a year or two and work to gain some real world experience. Then start your 4 year college with money in the bank and some practical knowledge about adulting.

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would be great if you still lived near family or your parents and they ALLOWED you to live at the house

if that's not the case, good luck with how much rent and shite costs nowadays

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defer your enrollment for a year or two and work to gain some real world experience.

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Not saying the National Guard is full of adults, but always a great option. About 190 job options to choose from.

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Not saying the National Guard is full of adults,

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not only pay for your college but unless you are a big time goob, they'll send you to pilot training and have your own jet, with your name on it, waiting for you

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All I got was a Humvee with my name stenciled on the front glass.

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Out of curiosity, what degree did you go for? With that amount of debt, you had to have been shooting for a strong career to repay it, right?

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Psych. I'm a licensed therapist. Because I'm in private practice, I do make enough to cover my student loans and bills. But my fiance also makes good money so we live comfortably together.

That said, insurance keeps reducing reimbursement amounts (not something that you can really account for when going for that degree). So it may eventually force me to go private pay.

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He’s obviously right, but it’s hard for an 18 year old to put saving money over the “college experience”

If you went to a decent high school, most of your first two years in college will feel like an academic step down at most large state schools.

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I mean it starts with the parents. They need to be smart about setting the kids up for success. Talk your kids out of the silly degrees that will lead to a life of debt.

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Psych. I'm a licensed therapist.

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And this isn't a bad career choice by any means. It's just unfortunate that it costs that much for your degree.

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And this isn't a bad career choice by any means. It's just unfortunate that it costs that much for your degree.

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I don't disagree. Especially when I purposefully chose options to cut that cost. It could've been about $40K more.

Eh, you're also paying for the experience and to associate with a higher class of people. It can pay off in the long run, even if it is not a smart financial decision.
Mark Cuban was never going to float the mainstream and work a 9-5 job, and that's fine. He is gifted with intelligence and drive that made him successful. There are plenty of capable people who never take the jump to create their own business. But there are also people that do take risk and it doesn't work out. College is a nice buffer to take some time and figure out what you think you can handle, and worst case scenario, you will be set up with a decent desk job that provides income, benefits, and work-life balance. The vast majority of the population falls in this category and is better off here.

People will go on and on about welders and plumbers making more at 18 than a college graduate at 22. But, it's just not true if you look at the big picture. This argument immediately doesn't hold up to any STEM degree. Secondly, trades that make this much usually do so at sacrifice to their body and free time. 100k a year working 70 hr weeks in a construction setting vs 60k a year working 40 hr weeks in a desk job. Give me the desk job any day. The desk job also provides more room for growth and promotion, and has a myriad of other benefits the other worker will never have access to.

I think people need to be smarter about choosing their degree and which school to get it from. Private schools are obviously much more expensive than in state public schools. Federal funding propping up liberal arts degrees is also harming the higher education community. We don/t need several LGBTQ & black "phds" at every university, they take from the pot and do not contribute to the overall good. They also encourage mental illness to fester and grow.

He's not wrong.