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Comment by monroepe

A Bachelor's degree doesn't really do that much for you these days. It's become like a high school diploma was 30 years ago (which almost no one paid for). I keep trying to advocate that people not go so far in debt for a college degree. For med school or law school (although I would argue that this is not a great investment with the current glut of law school grads) it makes sense to go into debt of that size. But I don't think you can or should justify student loans of over $10k for undergrad. Maybe you could stretch that to $20k, but I wouldn't (and didn't). If you can't afford a college don't go there.

I left college with ~$3k in student loan debt. I went to a liberal arts college that costs ~$60k a year with room and board. My family definitely could not have afforded to send me there, but I got a lot of scholarships and financial aid. I ended up with a job that had nothing to do with my education there. I value the experience I had there, but it was not worth $60k a year by any means.

There is a lot of benefit to college education, but not everyone needs to go to their dream school. Not everyone drives their dream car or lives in their dream home.

parent monroepe 11 years ago

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