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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I went to one of these programs at a different Ivy and have several family members who did the same. None of us are trust fund wealthy but our parents were well off enough to just pay our tuition without us taking out loans. Most of my peers were the same.

[b]I agree that the people who took out loans for these programs only have themselves to blame.[/b][b] Perhaps there should be more scholarships or need based aid but not loan forgiveness![/quote]

Of course you do.  Degrees are for the idle rich; not for thee![/quote]

If it's a useless vanity degree, then yes, that's accurate. Part of the problem is that people who are perpetual students are asking for advice from professors who have never worked outside higher ed. That is how someone I know ended up with a PHD in Organizational Leadership. Her actual work experience in leading organizations is zero. [/quote]
+1  There are a lot of things that the idle rich can do that us normal people can't.

Caveat Emptor.

The student is the buyer who should be aware.

I also blame parents for not teaching their children BEFORE they go to college about finances and the cost of living, how borrowing and compounded interest works. We've been drilling this into our kids since the were 12.[/quote]

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