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Started By
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re: Your stance on student loans?
Posted on 9/16/16 at 8:29 am to LSUfan4444
Posted on 9/16/16 at 8:29 am to LSUfan4444
quote:
Think long term.
So borrowing money for a $20K per semester liberal arts degree is probably a bad decision? Who would have thought...
1
Posted on 9/16/16 at 8:42 am to LSUBoo
quote:
borrowing money for a $20K per semester liberal arts degree
Probably, but it depends. What will that degree get you in terms of return? Do you have a job lined up and all you need is a degree?
For the most part, yeah...borrowing money at that high of an interest rate only makes sense if it offers a good return on the investment.
Posted on 9/16/16 at 8:44 am to LSUfan4444
I am getting my MBA currently while working full time (from Auburn).
Will owe only about $16k when I'm done and my company has paid for a lot of it. I think that's worth it in the long run.
I can make that with just 1 promotion that I get just from having an MBA.
Will owe only about $16k when I'm done and my company has paid for a lot of it. I think that's worth it in the long run.
I can make that with just 1 promotion that I get just from having an MBA.
Posted on 9/16/16 at 8:47 am to schwartzy
quote:
In your day, a year's worth of tuition+food+rent wasn't at least $20,000 annually. My grandparents could work over a summer and pay a year's tuition. Cost of everything has hiked so much that no job summer job would pay all that
Sounds like a bunch of lazy excuses. Work harder.
Posted on 9/16/16 at 8:49 am to schwartzy
quote:
I don't see how I can make a good living without getting into some debt, but it is a very scary feeling. Thoughts?
Just like saving for retirement you have to make an investment if you want a future. The great thing in comparison is here in the USA you can take out a loan for that investment. Just make sure your degree has a good ROI. Even a 200k student loan, if you are making an extra 50k a year for life is a great deal
Posted on 9/16/16 at 9:19 am to schwartzy
I just graduated with a decent amount due on my student loans, I was fortunate to get a few scholarships and my parents paid some as well. Best decision, it took me a little while but I found a great job out here and was able to attend the school u wanted too. My parents are extremely successful first generation Americans and took loans to complete their college..... You can't put a price on education it's always worth it.
Posted on 9/16/16 at 9:22 am to schwartzy
Get em pay em back...pretty simple.
Posted on 9/16/16 at 9:23 am to schwartzy
quote:
Your stance on student loans? by schwartzy
Paid off!
Posted on 9/16/16 at 9:30 am to el Gaucho
quote:quote:Yeah maybe if your getting a fancy private school degree
In your day, a year's worth of tuition+food+rent wasn't at least $20,000 annually
My son starts at LSU next year. Had no idea it was a fancy private school. According to the cost calculator on LSUs website, it will cost 21,204 AFTER TOPS. 29,114 Without TOPS. And that's undergrad.
Posted on 9/16/16 at 9:32 am to schwartzy
Take that biology degree and head to dental school, baw. 4 years and you're out, no need for a residency and all that crap, you're working at 25-26 years old and starting at 6 figures and a 32 hour work week, 9-5, no weekends. 
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