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College and University Discussion
Reply to "How many of you or your kids are planning on taking out loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In the immortal words of Judge Elihu Smails "Well, the world needs ditch diggers too". [/quote] Except that taking out loans is the path towards becoming the proverbial ditch digger… Except in today’s world that translates into needing a thousand side gigs just to make rent. Abd for the truly unfortunate it’s not even to make rent—it’s to bake their student loan payments. [/quote] Not having a bachelors is almost a guaranteed ceiling on earning, going to college gives them a chance to enter the MC and possibly UMC. One of my best friends from law school was probably 200k in debt by graduation. He went to his state flagship on a pell grant and loans and then went straight to law school on loans. He's currently a partner doing securities law at a large firm in NYC. I'd say the investment paid off far more than if he decided he couldn't afford college and tried to go into the trades. [/quote]
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