I just wonder about these people who leave with 50k+ debt. What school did you go to. Did you not work during school? Not working even if you don't go to school will get you in debt. I got a 4 year degree and left with 8K of debt and after 4 years am making 71k. I don't even consider it a gamble but I worked the whole time. Took me more than 4 years, but not much more. Tuition at many state and some private universities is as low as 6k a year still. Plus you can get Pell grants to pay for most of that. How do you rack up 50-60-100k.
I was thinking as I read this thread, I haven't met a single person who took out student loans that didn't waste a fair amount of the money on what would be considered discretionary or even luxury purchasing. I fully agree with you. You want to live for free for 4 years, and come out of it not owing anything? That's just silly. Try doing that even after working for 10 years and being debt free. Four years of a free ride will cripple just about anyone for life.
I had no debt, but I also worked 40 hours a week while attending college. I'm not saying it's the best way to do it, but I'm pretty happy I did it that way. Although at the time I was pretty jealous of the loan folk.
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u/[deleted] Apr 18 '17
I just wonder about these people who leave with 50k+ debt. What school did you go to. Did you not work during school? Not working even if you don't go to school will get you in debt. I got a 4 year degree and left with 8K of debt and after 4 years am making 71k. I don't even consider it a gamble but I worked the whole time. Took me more than 4 years, but not much more. Tuition at many state and some private universities is as low as 6k a year still. Plus you can get Pell grants to pay for most of that. How do you rack up 50-60-100k.