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

Posted on 5/5/26 at 1:39 pm to
Posted by DesScorp
Alabama
Member since Sep 2017
10552 posts
Posted on 5/5/26 at 1:39 pm to
quote:

Go ahead and explain. This should be fun.


The short version: “Other people should pay my bills “.
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
4264 posts
Posted on 5/5/26 at 1:44 pm to
I did well in high school and got a full ride to State. Granted, State isn’t the most prestigious school, but it beats debt.

I did well at State and got a full ride to law school. My wife worked and we lived in a crappy 500sqft apt with no AC until I became a lawyer.

No student loans for me.

My wife also had a full ride at State and also got a full ride to the same law school and attended after I graduated.

So two adults with law degrees and zero student loans. It is possible, but not everyone is cut out for it.
Posted by Will Cover
Davidson, NC
Member since Mar 2007
40300 posts
Posted on 5/5/26 at 2:05 pm to
quote:

Don’t sleep on BRCC women.

Literally.


BRCC's nursing program -- and technology for training --- is incredible. Might be the best in the city, edging out Fran U.
This post was edited on 5/5/26 at 2:06 pm
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 5/5/26 at 2:08 pm to
quote:

The student loans a byproduct of disinvestment in education


JFC.

We spend more on education per capita, with lower results, than most developed nations.

It's our population, about a third aren't capable of learning beyond 6th grade.
Posted by Beauw
Blanchard
Member since Sep 2007
4293 posts
Posted on 5/5/26 at 2:16 pm to
For once, I agree with Mark Cuban...
Posted by how333
Member since Dec 2020
4514 posts
Posted on 5/5/26 at 2:20 pm to
Your figures still add up to $32,200 for the four year stint. How many 18 year olds have an extra $32K?
Posted by AtlantaLSUfan
Baton Rouge
Member since Mar 2009
27360 posts
Posted on 5/5/26 at 2:26 pm to
Only thing is, freshman year is amazing. Meanwhile CC is sad.
Posted by beaverfever
Arkansas
Member since Jan 2008
36298 posts
Posted on 5/5/26 at 2:34 pm to
I’ll go a step further. In 2026 it’s dumb even if you have $150k in cash.
Posted by justaniceguy
Member since Sep 2020
7814 posts
Posted on 5/5/26 at 2:42 pm to
Not only a different time for education but for the job market as well. This probably plays a part in why he’s saying this
Posted by StansberryRules
Member since Aug 2024
5454 posts
Posted on 5/5/26 at 2:45 pm to
The cost of college has gone dramatically up and the value of a college degree has gone dramatically down.
This post was edited on 5/5/26 at 2:46 pm
Posted by Jake88
Member since Apr 2005
80545 posts
Posted on 5/5/26 at 2:59 pm to
quote:

I’ll go a step further. In 2026 it’s dumb even if you have $150k in cash.
So, what do you do instead?
Posted by RohanGonzales
Pronoun: Whatever
Member since Apr 2024
11526 posts
Posted on 5/5/26 at 3:05 pm to
quote:

So two adults with law degrees and zero student loans. It is possible, but not everyone is cut out for it.


When y'all disagree about something do y'all lay out your points like lawyers?

Y'all could make YouTube vids on all the typical married people arguments.
Posted by Mo Jeaux
Member since Aug 2008
64421 posts
Posted on 5/5/26 at 3:06 pm to
quote:

got a full ride to law school


Which school?
Posted by ninthward
Boston, MA
Member since May 2007
22942 posts
Posted on 5/5/26 at 3:07 pm to
agreed and if you do make sure its an applied skill degree
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 5/5/26 at 3:12 pm to
quote:


No student loans for me.


Granddaughter who lives with us got into Harvard. She will owe zero dollars when she graduates

Everything is covered, food, housing... plus she got a start up grant.
Posted by DavidACoe
Member since Apr 2026
91 posts
Posted on 5/5/26 at 3:22 pm to
That's easier said than done. LSUE had so many classes not transfer over to ULL and LSU. So basically you're wasting time and money for those 2 years.
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
4264 posts
Posted on 5/5/26 at 3:25 pm to
It’s a top 40 (but not T14) law school on the east coast.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
12049 posts
Posted on 5/5/26 at 3:36 pm to
quote:

"Tuition and fees at public two-year community colleges are $4,150 per year for in-district students, compared to $11,950 per year for in-state students at public four-year institutions


The 2+2 model isn't always achievable, and really just depends on what you're planning on studying for a major. Not every CC credit is going to transfer to a 4 year school in the major you might be pursuing.

Just make college free, problem solved.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
30812 posts
Posted on 5/5/26 at 3:40 pm to
The cost of education has exploded partly or mainly because there is government money to help pay for it.

My 7 years of post secondary education cost ~$110k in the 80s. Room and board for under and tuition only for grad. That was a LOT of money then, but the same education costs right at $570k today. The ROI can still be good, but you have to be fully employed with those degrees. Don't do so well in grad school and you could be under a pile of debt that would be hard to dig out of.
Posted by AllbyMyRelf
Virginia
Member since Nov 2014
4264 posts
Posted on 5/5/26 at 3:40 pm to
quote:

Just make college free, problem solved.
do the professors become slaves? How would it become free?
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