Reply to Financially hobbled for life- elite masters degree that don’t pay off

Forum Index » Money and Finances

Reply to "Financially hobbled for life- elite masters degree that don’t pay off"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Not to be cruel, but there's a lot of fake colleges out there that don't pay off too. Basically any of the for profit colleges and a lot of small, expensive private colleges. I don't see why any of those should be forgiven. If you can't get into a great state college, you should rethink going to college. We need to make trade schools a viable, normal path for kids too. [/quote]

Lots of people are suckered. Stay away from an education you or your parents can't really afford, or expensive graduate programs which don't offer any extra financial support. This is especially true of first generation or middle class students.

The best advice my undergraduate advisor gave me was to *always* know what you are going to do with a Masters or PhD before you start a program. 
I would add now: just because you earn that Masters or PhD there still may not be a job for you in that field at the end of the degree, much less one which can pay for loans. 
This was not always true, but started in my generation (people born in 1963+) and it's even worse now.

Universities and colleges are now governed on a "business' model overall: students are customers and you are there to give them what they (and their parents) want, and to make money for the university. 
~former academic[/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