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][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]

I'm so tired of

The brain is not fully formed until 25.

Honestly, an 18 year old will never understand money the same way a 30 year old does.

This is coming from someone who graduated with ONLY $2,000 in debt. I paid it off with in 2 months of graduating.

$2,000 feels a lot different as a 25 year old than when I was 18. [/quote]
I'm tiried of people constantly making excuses for the choices that they make.

I'm the ^PP. I was 18, too, you know, when I made the decision to go to a cheaper state school and major in something marketable. Actually, no, I was 17 when I made this decision.

My sibling was also just barely 18 when sibling decided to join the military to get a GI bill to help pay for college.

So you are saying that those who made the smarter decisions should pay for those who made dumb decisions because they were too immature?

OK, how about this.  Everyone goes to community college after HS unless they can pay for a 4 yr themselves, no loans.  Loans are for graduate degrees only when you are at least 25 since that magical number means your brain is fully formed to make smarter financial decisions, and so the rest of society doesn't have to suffer your foolish choice.[/quote]

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