Greencheese
Recycles dryer sheets
- Joined
- Oct 6, 2013
- Messages
- 265
Let's be real, asking a 17/18 year old to do the ROI on a $100,000+ education with no do overs and possibly life ruining debt levels isn't exactly fair. I came from an excellent high school (nothing expectional but I certainly was ahead of many of my peers) and other than my parents I didn't really receive any help with college. I was at one point getting 5-10 college brochures a day with amazing photos of the campus and everything around it. However nobody (outside of my parents) said what's the return on your investment for this education? It was always you will go to college so pick one (military being the only exception). I chose accounting and I chose a slightly more expensive school that I could graduate earlier from which was a net benefit in total cost vs income. I had a manageable debt load and make excellent money for the area. However I know several people who followed the college "advice" and have crippling debt loads of $100,000+ and are spending upwards of 75% of their take-home pay on loans (minimums, not extra payments). Under any other circumstance that would be terms for bankruptcy but in this case we just shrug and say they deserve it?
And regarding average debt, c'mon people. If 1 person graduates with $120,000 in debt and 3 graduate debt free sure the average is a manageable $30,000 but in actuality 3 people ascended to middle/upper middle class(typically) and one person is in such crushing debt that they may not ever climb out of it. How is that exactly fair?
And regarding average debt, c'mon people. If 1 person graduates with $120,000 in debt and 3 graduate debt free sure the average is a manageable $30,000 but in actuality 3 people ascended to middle/upper middle class(typically) and one person is in such crushing debt that they may not ever climb out of it. How is that exactly fair?
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