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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 4:28 pm to beaverfever
Posted on 5/5/26 at 4:28 pm to beaverfever
I think this is like most advice in 2026 - it's generally true, but there are exceptions, you just don't lean into them too much because you think dumb people will think the exceptions apply to them and make bad choices. Which is true, but it also skews the advice.
There is a path where sizable loans makes financial sense. But you have to be realistic and fully understand what that path requires. Not just in diligence/hard work, but in commitment to a given course.
In law, which is the only example I know intimately, you're not getting into a top tier school from a lower tier undergraduate institution. At least not usually. And you're not getting a top tier job from a lower tier law school, at least not usually.
So, betting on yourself to go to the bare minimum undergrad that realistically catapults you into the tier of law school you want to go that makes it realistic to get into the tier of career you want to be in makes sense. That's not a license to go to a 80k a year private undergrad that gives you no return, but it probably means you've got to shoot for a flagship state school as a starting point (usually).
There is a path where sizable loans makes financial sense. But you have to be realistic and fully understand what that path requires. Not just in diligence/hard work, but in commitment to a given course.
In law, which is the only example I know intimately, you're not getting into a top tier school from a lower tier undergraduate institution. At least not usually. And you're not getting a top tier job from a lower tier law school, at least not usually.
So, betting on yourself to go to the bare minimum undergrad that realistically catapults you into the tier of law school you want to go that makes it realistic to get into the tier of career you want to be in makes sense. That's not a license to go to a 80k a year private undergrad that gives you no return, but it probably means you've got to shoot for a flagship state school as a starting point (usually).
2
Posted on 5/5/26 at 4:50 pm to c on z
quote:
The student loans a byproduct of disinvestment in education over the years, which lead to higher tuition costs. So of course people ended up taking loans.
bullshite. It's the involvement of government but you can't admit it because it undermines your arguments for more government.
Posted on 5/5/26 at 4:53 pm to Techdave
Is he talking only undergrad? Cuz how do you afford medical school, law school, CRNA programs. All those types if programs are 100k or more.
Posted on 5/5/26 at 5:43 pm to tigafan4life
quote:
Is he talking only undergrad? Cuz how do you afford medical school, law school, CRNA programs. All those types if programs are 100k or more.
Who needs doctors/lawyers or anesthetists? And if we need them they should only come from people who can pay cash for those educations. Everyone else should weld or repair hvac systems.
Posted on 5/5/26 at 6:03 pm to Columbus
Anything the gov’t subsidizes turns to shite. End the federal backstops to student loans where only those truly deserving go to college for meaningful degrees that can pay back the money borrowed.
Sadly, this will crush enrollment, and ultimately the size of most universities and athletics.
Sadly, this will crush enrollment, and ultimately the size of most universities and athletics.
Posted on 5/5/26 at 6:12 pm to Techdave
I agree.
Posted on 5/5/26 at 6:20 pm to Everyday Is Saturday
quote:
101s are ripoff: Algebra is algebra Biology is biology Psychology is psychology
Further, if you are admitted to a state school and graduated from a public high school, and require remedial classes, the highschool that graduated the unprepared student should be forced to pay for the remedial class.
Posted on 5/5/26 at 7:07 pm to Jake88
quote:Put yourself and your capital to work immediately. AI is repricing the value of human labor and increasing the value of assets. If it makes sense to go back to school after a while do it. But spending 4 years of your life and your entire $150k bankroll on college right now is not wise unless you have a very specific, lucrative career path lined up that requires college.
So, what do you do instead?
This post was edited on 5/5/26 at 7:09 pm
Posted on 5/5/26 at 7:12 pm to Techdave
And not going to college is stupid
Posted on 5/5/26 at 7:35 pm to beaverfever
quote:Doing what?
Put yourself... to work immediately.
quote:What if you only have to spend 40-50k?
$150k bankroll on college right now
Posted on 5/5/26 at 7:38 pm to Bonkers119
quote:
Just make college free, problem solved.
This is stupid and the reason you're being downvoted.
quote:
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.
This is 100% accurate. Many elective courses will transfer over. Going to a CC the summer before your freshman year (or even the first semester) and knocking out as many electives as possible makes sense. But spending a full 2 years at a CC is probably going to be a waste of time, especially for STEM type classes.
For example: without diving into all of the prereq class details, if I were to spend 2 years at Delgado taking electives + any calculus/engineering classes that they offered, then transfered over to UNO for an engineering major, you would still need to spend at least 3 years at UNO to graduate. The cost of that extra year of going to school instead of making a decent salary significantly exceeds any CC savings. That doesn't necessarily apply to every single major, but it applies to many of the good ones.
This post was edited on 5/5/26 at 7:40 pm
Posted on 5/5/26 at 7:43 pm to Columbus
quote:
Or we can actually hold these ultra-bloated public universities accountable
No you can't.
That's a dumb populist fantasy.
Posted on 5/5/26 at 7:50 pm to DesScorp
Focus on the basics:
-healthcare, military, food, banking/fiance, and quantum computing and AI, industrials engineering.
Plenty of home maintenance careers but require daily manual labor as well.
-healthcare, military, food, banking/fiance, and quantum computing and AI, industrials engineering.
Plenty of home maintenance careers but require daily manual labor as well.
Posted on 5/5/26 at 8:40 pm to AllbyMyRelf
Washington and Lee or William and Mary I’m guessing
I was set to go into 200k debt for a law degree at a top school (UVA), but ended up getting an MS at a state school for pretty much nothing. Probably the best decision I’ve ever made considering I didn’t even really want to be a lawyer and was just in it for the prestige. I was laid off for the first time in my life a few months ago, but fortunately found an even better job in my field (ag Econ).
I was set to go into 200k debt for a law degree at a top school (UVA), but ended up getting an MS at a state school for pretty much nothing. Probably the best decision I’ve ever made considering I didn’t even really want to be a lawyer and was just in it for the prestige. I was laid off for the first time in my life a few months ago, but fortunately found an even better job in my field (ag Econ).
Posted on 5/5/26 at 8:42 pm to Pettifogger
That’s absolutely false. Your undergrad institution is pretty much irrelevant for law school outside of maybe Yale. It’s all GPA and LSAT. Unless something has changed recently.
Posted on 5/5/26 at 8:57 pm to Techdave
With AI doing all white collar work from this day forth, no body should invest a penny in community college or 4 year university.
Public and private universities should just be converted into NCAA sporting clubs.
We should all go to trade school. Learn to weld.
Welding it the new medicine.
Public and private universities should just be converted into NCAA sporting clubs.
We should all go to trade school. Learn to weld.
Welding it the new medicine.
Posted on 5/5/26 at 9:31 pm to Techdave
Student loan was a helluva deal with Biden forgiving them. I was way before that. Worked in high school and college and grandparents gave me some money. I never had to take out a loan. However, my daughter may have to in graduate school.
Posted on 5/5/26 at 9:47 pm to Techdave
Graduated nursing school at ULM lived on campus all 4.5 yrs…I’m from laffy so had no choice for the first 2…but looking back I’d never have it any different although be it cheaper if I went to CC yes…all the memories before nursing school were amazing but I’m in far debt 
Posted on 5/6/26 at 6:58 am to Pettifogger
quote:I went to Mississippi State and then not a T14 law school, but I’m at a big law practice making top of market money. You don’t have to spend big money on Vandy or UVA.
law, which is the only example I know intimately, you're not getting into a top tier school from a lower tier undergraduate institution. At least not usually. And you're not getting a top tier job from a lower tier law school, at least not usually.
This post was edited on 5/6/26 at 8:43 am
Posted on 5/6/26 at 7:14 am to Techdave
Nephew went to Notre Dame. According to my brother, who helped as he could, he incurred loans totaling about $200,000, with interest right around 9%. So, yes, that’s quite a lot of debt. But, at Notre Dame, he met a girl, got engaged and recently married last spring. Turns out, her family is loaded. Like legit East Coast billionaires loaded. He’s now living in a 6,000 sq ft home in Connecticut and working with the family. I think incurring the loan was worth it.
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