25 years old and deep in debt

[Ideologue]

That's nothing new, students have been doing that for years.

Hell, I remember the first student loan check Dragon Lady got for law school, she ordered $700 in shoes.  That's part of the reason her ass was $80K in debt by the end.

Yeah, although I imagine it was also monstrously expensive.  I wound up with about $110k in debt (which has since increased, natch), but tuition was a bit over $60k, so less than $50k in three years for rent, food, entertainment, etc/, which, while not ultra-poor, I don't think is too excessive.

As a personal financial decision--distinct from what's good for America--I should've taken out more than I did.  If I could've taken out a million dollars in student loans, I should have, because the personal end result is exactly the same.

I think that's called a "perverse incentive," and is what happens when you abdicate the responsibility, but not the funding, for a public good to actors insulated from the costs.

[Phillip V]

That's part of the reason her ass was $80K in debt by the end.

Did she have a nice ass.

[CountDeMoney]

That's nothing new, students have been doing that for years.

Hell, I remember the first student loan check Dragon Lady got for law school, she ordered $700 in shoes.  That's part of the reason her ass was $80K in debt by the end.

Yeah, although I imagine it was also monstrously expensive.  I wound up with about $110k in debt (which has since increased, natch), but tuition was a bit over $60k, so less than $50k in three years for rent, food, entertainment, etc/, which, while not ultra-poor, I don't think is too excessive.

She lived with her parents the whole time. 

[CountDeMoney]

That's part of the reason her ass was $80K in debt by the end.

Did she have a nice ass.

It was magnificent.

[Baron von Schtinkenbutt]

She lived with her parents the whole time. 

So did I, but I used it as an opportunity to graduate with $0 debt.

[Eddie Teach]

Only rankings that matter are football rankings.

This.

[Malthus]

University rankings are poop.

Your school didn't even get a rank?

U of M. 

[garbon]

Only rankings that matter are football rankings.

This.

I can't think of why that would be relevant at all.

[Iormlund]

I was reminded of this thread last week, when the Chinese girl I met in Turkey told me she was borrowing ~$60k a year to attend Cornell ($40k tuition + expenses). 

[The Minsky Moment]

Other than the military academies, looks like BYU is easily the best bargain.
Mormons win again  . . .

[The Minsky Moment]

According to the methodology, the two biggest components in the Forbes list are:

1)  How many alumni find their way into the "CCAP Leaders list" of "Influencers"
2)  Scores given by the students to faculty on "Ratemyprofessor.com"

Together, those two factors give more than 1/3 of the final score.

The grain of salt that needs to accompany this chart is ground very fine indeed.

[Phillip V]

I was reminded of this thread last week, when the Chinese girl I met in Turkey told me she was borrowing ~$60k a year to attend Cornell ($40k tuition + expenses). 

What is her life plan?

[merithyn]

That's nothing new, students have been doing that for years.

Hell, I remember the first student loan check Dragon Lady got for law school, she ordered $700 in shoes.  That's part of the reason her ass was $80K in debt by the end.

Is there a way to opt out of getting that money? I never knew of how, though I tried. The Financial Aid office just looked at me like I'd lost my mind when I asked about it.

[Ed Anger]

That's nothing new, students have been doing that for years.

Hell, I remember the first student loan check Dragon Lady got for law school, she ordered $700 in shoes.  That's part of the reason her ass was $80K in debt by the end.

Is there a way to opt out of getting that money? I never knew of how, though I tried. The Financial Aid office just looked at me like I'd lost my mind when I asked about it.

I know there is an opt out function for both grants and loans on the students account page at the CC I taught at.

[Ed Anger]

Pardon me, I raped grammar.