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re: Student loan debt - worth it?
Posted on 9/12/17 at 7:35 am to Martini
Posted on 9/12/17 at 7:35 am to Martini
quote:
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.
Almost impossible.
Using myself as an example:
65k over 4 years = 16.25k a year
If you want to get the max pell grant to use for books you absolutely have to stay under 18k a year except for senior year.
CoL for an apartment shared can be anywhere from 400~700 a month.
400 ~ 700 * 48 = 19200 ~ 33600
He haven't begun to talk about other standard living expenses and we are already at 84200 ~ 98600 for just school and shelter.
I had literally zero life working full time work/school and still had student loan debt after graduation.
2
Posted on 9/12/17 at 7:42 am to yellowfin
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
Screw that. I worked through college and paid mostly cash, graduated (twice) with less than $10k in debt. Living at home and in state tuition should limit your debt to very manageable levels unless youre a high flyer going to an elite school for a specialized program on scholarship.
Why more people dont do this is beyond me.
Posted on 9/12/17 at 7:45 am to 50_Tiger
quote:
Almost impossible.
Using myself as an example:
Nah. Lived with parents while working and going to school.
Tuition was $2500/semester when I graduated in 2010. Paying $5k + books is very manageable even when working.
Or you can have the college lifestyle amd graduate with tons of debt.
Posted on 9/12/17 at 7:46 am to NYNolaguy1
quote:
Nah. Lived with parents while working and going to school.
Tuition was $2500/semester when I graduated in 2010. Paying $5k + books is very manageable even when working.
Or you can have the college lifestyle amd graduate with tons of debt
Was not an option for me.
I live in TX, parents live in Nola.
Not everyone has that option or even considers it.
I had a room mate and worked full time.
Posted on 9/12/17 at 7:47 am to Collegedropout
quote:
a degree from UT Austin
STEM or bust
Posted on 9/12/17 at 7:50 am to TheAlmightySmash
I did not pay for undergrad, between scholarships and parents, but I took out loans for law school. Although I would do it again, I know a lot of my law school peers would not.
This post was edited on 9/12/17 at 7:56 am
Posted on 9/12/17 at 7:50 am to 50_Tiger
quote:
I live in TX, parents live in Nola.
Not everyone has that option or even considers it.
For those who don't consider it, would you agree then that it's not "almost impossible" to graduate with very little debt?
Even in your case there's UNO who had/has a good science/engineering college.
This post was edited on 9/12/17 at 7:52 am
Posted on 9/12/17 at 7:51 am to Martini
quote:in what, 1980?
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 on 9/12/17 at 7:53 am to NYNolaguy1
quote:
Even in your case theres UNO who had/has a good science/engineering college.
Heh I originally went to UNO in 2005 for Mech Engineering. I don't think I've ever met a UNO engineering grad here in TX.
If you stay with your parents throughout college without them asking for anything in terms of "rent." Then yes fiscally you should come out ahead if you work full time.
Using my numbers, there are many jobs who pay the range needed to pay for school.
Posted on 9/12/17 at 7:53 am to ChatRabbit77
quote:
lesbian knitting
Posted on 9/12/17 at 7:56 am to NYNolaguy1
quote:i would rather go ~25-40k in debt to get a degree and make like 40k starting out than turn a wrench
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 on 9/12/17 at 7:58 am to 50_Tiger
quote:
50_Tiger
Depends on the job, I guess.
I went went to school full-time and worked full-time. Bartended and worked for a law firm. No student loans. No grants.
It was a bitch, but it's doable.
Posted on 9/12/17 at 8:18 am to Martini
quote:
What happened to that option?
Tuition bubble
Posted on 9/12/17 at 8:20 am to GreatLakesTiger24
student debt for a decent degree will lead to a white collar career you can pursue until you're old as shite. even six figure debt really isn't that outrageous per return on investment if you look at it from a career perspective. turning a wrench would sound appealing if i had an IQ at room temperature.
Posted on 9/12/17 at 8:30 am to CCTider
some of these young people shy away from vocational professions because it might not seem cool at the time.
joining the right labor union pays pretty well. i know journeyman electricians around here make 38 bucks an hour for pulling fricking wire. takes about 3 to 5 years. starts at 19 i think.
joining the right labor union pays pretty well. i know journeyman electricians around here make 38 bucks an hour for pulling fricking wire. takes about 3 to 5 years. starts at 19 i think.
Posted on 9/12/17 at 8:31 am to BadAgg7
quote:
for pulling fricking wire
exactly
Posted on 9/12/17 at 8:32 am to 50_Tiger
quote:
65k total and I make a healthy amount over that.
Damn baller
Posted on 9/12/17 at 8:35 am to Rize
quote:
My grammar and spelling would probably be much better
Feel like smartphones are advanced enough to where everyone should be able to spell by now. It literally tells you when you have spelled something wrong.
I'd like to credit my iPhones over the years for teaching me the correct spelling of some words.
This post was edited on 9/12/17 at 8:36 am
Posted on 9/12/17 at 8:37 am to Collegedropout
I'll give you an actual serious response.
I graduated about $31k in debt with a mechanical engineering degree. To me, it was very much worth it. My starting salary at my first job was more than twice my debt, it was what I wanted to do, and I could pay it off in 5 years if I tried to. I couldn't have finished school without those loans, so I'm glad I took them out. Otherwise I was going to be doing shite work for $20 an hour for a while.
Your degree is an investment. It's not much different than buying property or something like that. Don't borrow a bunch of money for a degree that isn't going to make you any money. Getting a medical degree? Pull those loans. Going for liberal arts? Don't pull loans.
It's simple. Don't over complicate it.
I graduated about $31k in debt with a mechanical engineering degree. To me, it was very much worth it. My starting salary at my first job was more than twice my debt, it was what I wanted to do, and I could pay it off in 5 years if I tried to. I couldn't have finished school without those loans, so I'm glad I took them out. Otherwise I was going to be doing shite work for $20 an hour for a while.
Your degree is an investment. It's not much different than buying property or something like that. Don't borrow a bunch of money for a degree that isn't going to make you any money. Getting a medical degree? Pull those loans. Going for liberal arts? Don't pull loans.
It's simple. Don't over complicate it.
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