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re: Student loan debt - worth it?

Posted on 9/12/17 at 6:22 am to
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 9/12/17 at 6:22 am to
Very few degrees are worth going into debt for, if you can't get a scholarship or your parents aren't paying it's time to learn how to turn a wrench baw
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 9/12/17 at 6:24 am to
My Electrical Engineering degree cost me 65k total and I make a healthy amount over that.


Would do again.

Probably the greatest yet hardest thing ive ever done for self improvement.

Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 9/12/17 at 6:28 am to
Engineering would be worth going into some debt for
Posted by Rouge
Floston Paradise
Member since Oct 2004
138857 posts
Posted on 9/12/17 at 6:29 am to
quote:

some engineering would be worth going into some debt for
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 9/12/17 at 6:30 am to
What about custodial Engineering baw? (I'm kidding)
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 9/12/17 at 6:35 am to
Someone (I think on here) called themselves a procurement engineer a while back......


I didn't even respond
Posted by Gnarkill
Member since Aug 2017
382 posts
Posted on 9/12/17 at 6:37 am to
Depends where you go and what your major in.

Do something that's actually marketable and valued. I'm back in college at 29 right now because I got a CJ degree.

Louisiana pays its Police officers, probation officers, etc like frickin rented mules, so I'm back in school.
This post was edited on 9/12/17 at 6:38 am
Posted by Snipe
Member since Nov 2015
17183 posts
Posted on 9/12/17 at 6:40 am to
quote:

Student loan debt - worth it?



If you like being broke sure..
Posted by The Torch
DFW The Dub
Member since Aug 2014
30505 posts
Posted on 9/12/17 at 6:44 am to
quote:

My grammar and spelling would probably be much better


I have a 4 year Finance degree and can't spell anything -
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 9/12/17 at 6:48 am to
8th grade for basic grammar and 11th grade usually polishes it up.

They do not teach spelling in college.
Buy a used unabridged funk and wagnall dictionary.
Keep on kitchen table. Read from cover to cover. Skip no pages. Focus on etymology, which is provided with every word.

1 page or more after each meal or with meal.
Buy scrabble dictionary. Play scrabble, even by yourself. You will be a better speller soon.

Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 9/12/17 at 7:01 am to
quote:


How much student loan debt would you get yourself into for a degree from UT Austin, or a school with similar prestige, if you would never consider attending UT?



Well I can definitively say I would rack up exactly 92,000 in debt to attend the University of Texas . Got my MBA and worth it as I've already made that back in earnings after 3 years.
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 9/12/17 at 7:02 am to
quote:

Louisiana pays its Police officers, probation officers, etc like frickin rented mules, so I'm back in school.


State troopers make good money and sheriffs deputies have great retirement
Posted by NIH
Member since Aug 2008
125034 posts
Posted on 9/12/17 at 7:09 am to
Most undergrad degrees alone are not going into debt for

I'd say most people have to go into some debt for a masters or above
Posted by Collegedropout
Where Northern Mexico meets Dixie
Member since May 2017
5202 posts
Posted on 9/12/17 at 7:25 am to
Can you show me where I "shite on a college degree"?
Posted by lsucoonass
shreveport and east texas
Member since Nov 2003
70136 posts
Posted on 9/12/17 at 7:27 am to
My grad school costs around 40k for the full program

I'll probably start at 65k and will can earn above 85k especially if I go the home health route for therapy
Posted by ctiger69
Member since May 2005
31030 posts
Posted on 9/12/17 at 7:28 am to
quote:

degree from UT Austin, or a school with similar prestige


Posted by Martini
Near Athens
Member since Mar 2005
49697 posts
Posted on 9/12/17 at 7:28 am to
quote:


Very few degrees are worth going into debt for, if you can't get a scholarship or your parents aren't paying it's time to learn how to turn a wrench baw


Or you can do like I did and a lot of other people have done by working and paying your own way. What happened to that option? I graduated with money in my pocket.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 9/12/17 at 7:30 am to
Normally I go by the 1:1 rule.

If you're degree is worth the salary you receive then do it.

If it's below its almost 100% not worth it.

A lot of the Lib Arts majors get all upset when we shite on their degrees but I can assure you the job selection is much MUCH smaller for those degrees in today's job economic climate.
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17919 posts
Posted on 9/12/17 at 7:30 am to
Rule of thumb....

Don't borrow more than 1-1.5 X of your expected new grad annual salary
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
48668 posts
Posted on 9/12/17 at 7:35 am to
quote:

Figure out what you will be happy doing for the next 45 years and determine if the cost is worth it.


That is not always that easy at 18. People change and so do the things that make them happy. Plus few have the qualifications sought in the porn industry, though if you do you don't need a degree.
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