Reply to Insane Generation-Z Graduation Debt of $400,000

Forum Index » Money and Finances

Reply to "Insane Generation-Z Graduation Debt of $400,000"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought the millennials had it bad but the college grads today are f*cked.

https://www.reddit.com/r/personalfinance/comments/906m2l/fiance_has_390000_in_student_loan_debt_how_on/

In sum, the man has $390,000 in student loans and a starting salary of $47,000.

The woman will have $100,000 in student loans and a starting salary of $80,000.[/quote]

It's their own problem. Sorry if you're graduating med school with 390k in loans, you don't "choose" to go down the research road -- you knew what your loans would be; you should only have gone in if you were willing to go into a competitive specialty and be a sub specialist. If you're taking out 390k for research, pediatrics or family med -- I don't feel that bad bc you didn't do your homework.

Not even sure what the woman studied as they mentioned "grad" school so I am guessing it's not professional school. Again if you're taking out a 100k in debt for your masters in public policy -- whatever - you gotta own your own problems.[/quote]

This

America is a liberal democracy- government won't hold your hand [/quote]

Not saying it isn't. Still think they're screwed. Starting out in your late 20s with $500,000 in debt. Most people can't even afford mortgages that large (outside of the D.C. bubble and within).[/quote]

Doctors aren't most people. Even a doctor in the lower earning specialties can earn $500k per year easily.[/quote]

I don't think that's true across the board. It CAN be true if you go into the right specialties in the right location with the right type of employer. In most specialties, you typically have to get away from the densely populated east/west coast where there are ivy med/residency grads everywhere (not far away -- but even going 1-2 hrs out helps your salary, though if you have high end credentials and are willing to move to Tulsa or Salt Lake they will throw $$$$ at you) AND you have to go private practice/private hospital. I know high end specialty types who could make $$$ in private practice with the top credentials who set their hearts on a top academic health system like UPenn or Harvard or Hopkins. That's great but from a debt perspective you need to make strategic decisions esp since you won't start paying off until age 32+.

This guy however -- hard to feel bad for someone with 390k debt who decides that he MUST pursue his calling and be a researcher rather than a urologist or ophthalmologist or something.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics