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Re:More Than 40% of Student Borrowers Aren’t Making Payments by ethanbond on Wednesday April 06, 2016 @09:51PM (#11444055)
When people make this kind of assessment they seem to be implying that because a college education is less surefire than it used to be, that it's useless.

This is demonstrably false, and a college education is still the best bet a person can make on his or her future. In the same breath people say "all our manufacturing jobs went to China" and "why not go to a vocational school and pick up welding?"

Re:More Than 40% of Student Borrowers Aren’t Making Payments by douche on Thursday April 07, 2016 @03:39AM (#11445441)
The problem is that there isn't a significant differential in price between the institutions that it's really worthwhile to have a degree from, and the ones a couple tiers down the influence ladder.

The options I considered were:

1.) Ivy League

2.) Smaller, 2nd tier private college, with incentives for in-state students.

3.) Private military academy, where my Dad went

4.) My main state university.

Since my parents were kind of lower-middle class, #1 was mostly covered by financial aid, so the real differences in cost between that and the state university were only a couple thousand a year. The doors that having that name on the top of my piece of paper opens are well worth it.

Options that would have been suicidal, financially:

A.) 2nd or 3rd tier, out-of-state non-Ivy private school - most are still in that 40-50k price tag range, without the endowments to offer the same financial aid packages.

B.) Out-of-state tuition at another state university - again, price tag in the 30-50k range, no subsidy, reduced prestige

Re:More Than 40% of Student Borrowers Aren’t Making Payments by michaelbuddy on Wednesday April 06, 2016 @11:09PM (#11444416)
not so much useless, but really just a negative in so many respects. A massive debt right at the time before you've really even had any personal freedom at all. It's terrible.

Though i went to college, I'd recommend people who don't have a wild passion towards a specific subject (if the outlook is cloudy I mean) earn, save and buy a house in cash.

And in regards to passion, I don't mean necessary a love for something, I mean a drive to REALLY get good. If you don't have that for school, then work, earn and make yourself a good situation so you can get education with disposable income when the passion comes.

Re:More Than 40% of Student Borrowers Aren’t Making Payments by PeterisP on Thursday April 07, 2016 @05:11AM (#11445859)
Are you really sure that "a college education is still the best bet a person can make on his or her future" ?

College education has quite a lot of worth, but that worth is much less than it used to be and the price is much more than it used to be.

A degree that has some value is useless if obtaining it costs you twice as much as that value.

Re:More Than 40% of Student Borrowers Aren’t Making Payments by incongruity on Thursday April 07, 2016 @08:17AM (#11446619)
Well, the ROI calculations still often say it is still worthwhile – for example: http://www.economist.com/news/united-states/21600131-too-man... (which cites: http://www.payscale.com/college-roi )