Re:How Debt Can Destroy a Budding Relationship
by nkassis on Friday September 03, 2010 @11:40PM
(#1661934)
Wow, this is highway robbery. People need to realize that they don't need to pay crazy money for a degree. Unless you go to one of the top 20 school in the US. You are getting nothing better than a state school degree. And some state schools are quite good (many programs are rated higher than all these private schools charging 20+K)
The best advice is to pay the minimum you can unless you get a shot at going to harvard. And if you do, some of these school now are offering free tuition for people making less than X amount of money.
I might be biased because I have a degree from a state university but that never prevented me from getting work.
It's 25K-26K per year, so even if she paid nothing out of pocket and had no financial aid, she'd owe slightly over $100K when she was done. And the rest of it has compounded.
But yeah, most people don't do the math and don't have a realistic view of their career path when they enroll in their programs. I think depression would be a lot more common, if they did...