re: Why massive student loan debt is a good thing

i worked in undergrad (cushy on campus job as part of my scholarship, which is where i found out about this site <3)

i didn't have any real debt after undergrad, but took on a good chunk for law school. even then, i had a 75% off scholarship and didn't ride super high on the hog. i didn't work (should have, but whatever)

i have lived very "small" since i got out. thanks to this board i knew the 2008 crash was impending so i moved back to LC b/c i had a (shitty, but entry-level) job waiting. lower COL (hell i moved back in with my mom for a year until i was settled). paid off my car ASAP to avoid a note to help with SL. when i hit a few bigger licks later on, i devoted a metric shite ton to my debt (highest interest level first). no real vacations.

i'm now finally at a point where i have invested in myself and firm enough to where my firm looks to be long-term profitable and i'm about to really begin to be able to enjoy the fruits of my labor-risk and living so "low" for a fricking decade after law school

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Some degrees should be cash only, no subsidized loans of any kind.

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Just another form of social engineering that is not needed. Degrees should be treated equally when we're talking about academic study.

Let private grants fuel differentiation.

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Maybe. The problem with pain is that no member of Congress, nor the public, has the stones to suffer pain. So we have to get there in a less painful direction.

The pain will never be the answer, because it's literally impossible, hence a more complete approach to changing the culture of the country. We can avoid the immediate pain if we focus on culture and the private sector--at least some of the pain.

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touche

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i worked in undergrad (cushy on campus job as part of my scholarship, which is where i found out about this site <3)

i didn't have any real debt after undergrad, but took on a good chunk for law school. even then, i had a 75% off scholarship and didn't ride super high on the hog. i didn't work (should have, but whatever)

i have lived very "small" since i got out. thanks to this board i knew the 2008 crash was impending so i moved back to LC b/c i had a (shitty, but entry-level) job waiting. lower COL (hell i moved back in with my mom for a year until i was settled). paid off my car ASAP to avoid a note to help with SL. when i hit a few bigger licks later on, i devoted a metric shite ton to my debt (highest interest level first). no real vacations.

i'm now finally at a point where i have invested in myself and firm enough to where my firm looks to be long-term profitable and i'm about to really begin to be able to enjoy the fruits of my labor-risk and living so "low" for a fricking decade after law school

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This is probably why we are often so similar. I know we are generally close in age. I had 0 debt for my BA via scholarships. But I went to get my MA because I wanted to be a college professor and....



That's what happened with my debt.

I lived slim for awhile to payback everything as fast as I could. And I did. No real vacations. Few times "living the life," while i saw friends pile on their debt and not hold back.

Now, I'm in a super good place as well. But I understand where I was, and why I did what I did. And I get why people take on tons of debt.

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Some degrees should be cash only, no subsidized loans of any kind.

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I don't think there should be federally backed loans of any kind.

I don't care how the schools handle loans on their end.