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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 5/6/26 at 7:19 am to GentleJackJones
Posted on 5/6/26 at 7:19 am to GentleJackJones
quote:
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.
Man if that isn't a perfect example of a rare exeption....I don't know what is.
0
Posted on 5/6/26 at 7:22 am to tigafan4life
quote:
medical school, law school, CRNA programs
Yes, his argument is based on undergrad. Because you really can't go to CC for those post-grad programs.
Also, those degrees pay for themselves, so those aren't as much as a problem.
Posted on 5/6/26 at 7:28 am to GentleJackJones
quote:Talk about the ultimate exception to the rule.
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.
I doubt Notre Dame will put that in the recruitment brochure.
Posted on 5/6/26 at 7:32 am to Tiger Prawn
quote:
Wrong. You have it backwards. Higher tuition is a byproduct of the government infusing a ton of cash into the college system by way of student loans. Schools could suddenly charge more without losing enrollment, which allowed spending bloat to occur. Adding unnecessary positions and majors that hardly anyone chooses.
Ding.
See Medicare/Medicaid's impact on cost of Healthcare. The trend lines looks remarkably similar
Posted on 5/6/26 at 7:43 am to Techdave
I listen to Dave Ramsey occasionally and I had no idea how many people are in huge amounts of student loan debt. Nearly every caller calls in with huge student loan debt.
I couldn’t imagine starting off my adult life with 6 figures of loan debt. No wonder these young people can’t afford to buy a hole with that ball and chain hanging around their necks.
I couldn’t imagine starting off my adult life with 6 figures of loan debt. No wonder these young people can’t afford to buy a hole with that ball and chain hanging around their necks.
Posted on 5/6/26 at 7:49 am to tigerbait17
quote:
It is insane the amount of loans people are stuck with when they finish college
Some don't even finish.
Posted on 5/6/26 at 8:09 am to dstone12
quote:
Those loans had the best finance options.
GSL.
I paid a little bank in Nacogdoches about 4 grand. That was for the entirety of my last 3 years in college.
Posted on 5/6/26 at 8:12 am to Techdave
Agree with him here.
But he’s also maybe the best example of lucking into being a billionaire, outside of inheritance, as there ever has been
But he’s also maybe the best example of lucking into being a billionaire, outside of inheritance, as there ever has been
Posted on 5/6/26 at 8:17 am to Aubie Spr96
quote:
Anything the gov’t subsidizes turns to shite.
/thread
Posted on 5/6/26 at 8:32 am to Everyday Is Saturday
Palmer Lucky said the same thing he went to CC while in HS to get his initial classes finished and graded easier. He then went on to college but never finished because his Oculus took off and was later bought by Facebook.
Posted on 5/6/26 at 8:36 am to REB BEER
quote:
I listen to Dave Ramsey occasionally and I had no idea how many people are in huge amounts of student loan debt. Nearly every caller calls in with huge student loan debt.
I couldn’t imagine starting off my adult life with 6 figures of loan debt. No wonder these young people can’t afford to buy a hole with that ball and chain hanging around their necks.
my daughter went to DePaul, a girl she roomed with one year(or maybe a semester,) financed the majority of her college through student loans, don't know what the exact term for her degree was but it basically qualified her to work in a day care/pre-school, when they graduated(2010,) those jobs were getting around $10/hr., the girl graduated with over $100k in student loan, 100% on the girl but whoever "certifies/accredits" colleges and universities should probably be a little more rigid when approving worthless arse curriculum, but it's all about the $
Posted on 5/6/26 at 10:12 am to Techdave
I've paid $120,000 against a total of $84,000 borrowed and I'm still not done. It'll be about $132,000 when all is said and done, and that's with paying off quite a few of the loans really early.
Posted on 5/6/26 at 10:52 am to ISEN_AG
"AI that took coder's job tells him, 'learn to mine coal'"
Posted on 5/6/26 at 11:17 am to c on z
quote:
disinvestment in education
say what??? We're spending over a trillion per year as it is. I swear, every leftists solution to a government problem is "just throw more of other people's money at it."
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