25 years old and deep in debt

[mongers]

I have $126,000 in student loans to date and I have to take out another 45 grand for my final year. At least I'll start earning a paycheck soon. 

Clearly you're just some lazy ne'er-do-well and not nearly as clever, organised and successful as the older wise men in this thread. 

[crazy canuck]

@teach

Damn straight. Went to two public universities that also happen to be top 50 schools in nation. And did it all for 1/10th of what this girl took out on loans.

Yeah, I have been doing a lot of research about universities now that my boys are getting to that age and that is the conclusion I am coming to - especially for undergraduate degrees.  UBC is in the TOP 40 of all universities and the top 20 of all public universities in the world.  That is plenty good enough.  Even if Garbo sees no future for people educated in something less than Ivy league schools.

Who knows what they might want to do after that  - it really depends on what turns their crank in the first four years.  That is really going to be the determining factor.  Imo nobody really cares where someone got their undergraduate degree - its what you do with it after in terms of where you go and what you do for your post grad or post doc or work experience that really counts.

[crazy canuck]

I have $126,000 in student loans to date and I have to take out another 45 grand for my final year. At least I'll start earning a paycheck soon. 

Clearly you're just some lazy ne'er-do-well and not nearly as clever, organised and successful as the older wise men in this thread. 

According to Garbo he is either ignorant or negligent with his finances or both.

[katmai]

@teach

Damn straight. Went to two public universities that also happen to be top 50 schools in nation. And did it all for 1/10th of what this girl took out on loans.

How long ago?

Oh I know the prices have gone up (ucsd is now budgeted at $14,600 For year in tuition/books/fees, 28,000 when factor rest of living expenses for off campus not living at home)

[Eddie Teach]

I sincerely doubt Mormons that go to BYU, Catholics that go to Notre Dame or Georgetown, or Baptists that go to Baylor think they're wasting their money.

They probably don't think they're wasting their money when they put it in the collection plate either. 


Of those, Georgetown is the best buy, as people recognize it for academics rather than football.

[Valmy]

I have $126,000 in student loans to date and I have to take out another 45 grand for my final year. At least I'll start earning a paycheck soon. 

Clearly you're just some lazy ne'er-do-well and not nearly as clever, organised and successful as the older wise men in this thread. 

Nice strawman.  Most of us are talking from our own mistakes or from our observations.

And besides I am still in school.

[Eddie Teach]

According to Garbo he is either ignorant or negligent with his finances or both.

An MD is worth accruing a bit of debt for.

[Valmy]

According to Garbo he is either ignorant or negligent with his finances or both.

Not necessarily.  But that woman clearly is.  If he has a job lined up and a plan to manage the debt then good on him.  It depends on what you are going into debt FOR.  Shocking concept I know.

But I guess you think it is awesome to get $200,000 in debts to secure that $12 an hour job alot of BAs will get you.

[derspiess]

@teach

Damn straight. Went to two public universities that also happen to be top 50 schools in nation. And did it all for 1/10th of what this girl took out on loans.

How long ago?

Probably when George Michael was still in a group.

When I started at Marshall in 1991 tuition was less than $1,000 a semester.  I remember they raised it by like $100 the next year & there were almost riots

[CountDeMoney]

I sincerely doubt Mormons that go to BYU, Catholics that go to Notre Dame or Georgetown, or Baptists that go to Baylor think they're wasting their money.

They probably don't think they're wasting their money when they put it in the collection plate either. 

Yada yada yada, stop being Martinus, douche.  For some people, shit like that matters.

[garbon]

Even if Garbo sees no future for people educated in something less than Ivy league schools.

Seriously?

[garbon]

According to Garbo he is either ignorant or negligent with his finances or both.

Not necessarily.  But that woman clearly is.  If he has a job lined up and a plan to manage the debt then good on him.  It depends on what you are going into debt FOR.  Shocking concept I know.

But I guess you think it is awesome to get $200,000 in debts to secure that $12 an hour job alot of BAs will get you.

Indeed.

I keep forgetting of course that CC really using Languish as a space to troll - probably because his attempts aren't as bombastic and silly like Marti's.

[Jacob]

All the people saying that the author was foolish for going to a private university and paying the high tuition, when she could have gotten the same value by going to a state school - that doesn't really change the point, does it?

If there's no discernible difference between going to a cheaper state school and a non-Ivy-level private school, why are there so many expensive private schools? And why is the system set up to allow young people to take on hundreds of thousands of dollars in debt to get a degree that's no better than one they can get at 1/5th the price? If it's so obviously a foolish choice, why does the system mislead so many people into make such foolish choices? Who benefits from this?

[Valmy]

Who benefits from this?

Lots of people...but very few of them are students.  And you ask very good questions.

[Eddie Teach]

Yada yada yada, stop being Martinus, douche.  For some people, shit like that matters.

Awww, can't I at least be Viking? 

And yeah, I understand that some people want to cloister themselves away with like-minded individuals. Doesn't mean I agree it's worth thousands of dollars to do so.