Resnic
Diamond Member
- May 2, 2021
- 10,864
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That's their problem.
Colleges don't give you a contest to sign that says "we guarantee the education we give you will get you a immediate high paying job that will let you pay back your loan very quickly."
Only a fucking moron takes on debt without a little research and a game plan. My wife and I bought our house, looked at the average interest rate, figured our max loan that we would be able to make payments on after the down payment we had on hand and came up with the maximum we could afford to take on a loan given our current household income.
All you need is to think about something before you do it. What does this education do for me? Can I afford to pay it back in X amount of years? What's the interest rates? Do I really need to do this? Is there somewhere I can work that would give me the training I need instead of going to college? And so on.
Hell my best friend, she got a electrical engineering degree at a community college and ended up working for a major insurance company as a big shot in internet security. I'm a building engineer for a international snack food company and I got that job because of my experience as a maintenance man at a hotel for 5 years. My wife is the benefits manager for a company and she started as a office temp.
Unless you want to be a doctor or a lawyer and so on a lot of people don't need college if you have ambition, a willingness to learn and gain experience. Too many people think all you have to do is go to college and you're just handed a job making a lot of money.
If they can't afford to pay back the debt then they shouldn't have signed the paper. It's no one's fault but there's.
Colleges don't give you a contest to sign that says "we guarantee the education we give you will get you a immediate high paying job that will let you pay back your loan very quickly."
Only a fucking moron takes on debt without a little research and a game plan. My wife and I bought our house, looked at the average interest rate, figured our max loan that we would be able to make payments on after the down payment we had on hand and came up with the maximum we could afford to take on a loan given our current household income.
All you need is to think about something before you do it. What does this education do for me? Can I afford to pay it back in X amount of years? What's the interest rates? Do I really need to do this? Is there somewhere I can work that would give me the training I need instead of going to college? And so on.
Hell my best friend, she got a electrical engineering degree at a community college and ended up working for a major insurance company as a big shot in internet security. I'm a building engineer for a international snack food company and I got that job because of my experience as a maintenance man at a hotel for 5 years. My wife is the benefits manager for a company and she started as a office temp.
Unless you want to be a doctor or a lawyer and so on a lot of people don't need college if you have ambition, a willingness to learn and gain experience. Too many people think all you have to do is go to college and you're just handed a job making a lot of money.
If they can't afford to pay back the debt then they shouldn't have signed the paper. It's no one's fault but there's.