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Reply to "Is it responsible to spend 90K/yr in education?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I had this conversation with my SIL and nephew over thanksgiving. They have more money than us and easily are spending 90k a year for the kids in undergrad. I explained that we cannot go this route. We will fully pay for a solid in state public school because that’s what we can do. We will strongly advise them to not take out loans that young. [b]Save the debt for grad school when they have a better sense of what they want[/b].[/quote] And depending on the field they are in, they won't need to go to graduate school. I studied electrical engineering and most of my senior courses were cross listed with graduate courses. At my company very few engineers actually went to grad school. If you want to be a doctor or lawyer then you obviously need a graduate education.[/quote] Very few engineering majors "need" grad school. Unless they want their PHD/Academia/Hardcore research at a pharmaceutical or other type of company that requires it. Fact is you should get some work experience with just your BS---and if an advanced degree is needed then do it later. Much better to have a clue what area you want to focus your MS/PHD in rather than just doing it immediately. Most engineering don't need it. You learn on the job and advance from there. [/quote]
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