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

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[quote=Anonymous][quote=Anonymous]I think all of this shows we need more financial literacy classes in high school. For those going to college and not. And more education about loans before they are taken. [/quote]

I agree. I had no debt as first generation and we did not even know you could get loans! In hindsight, I am so happy we were that clueless.  Students need to understand the economy, jobs, and their amount of comfort with risk. I am sure one or two MFA become the next JK Rowling. Someone will make it big but just someONE; that is enough to keep it glittery!

I worked and went to a state school ( not even THE state school.) Certainly much cheaper 25 yrs ago. However, what I will say is that I was lucky enough to be born with some intellectual capacity and with a father who believed in HARD work. That is what I tell my dc: it’s not the smartest or fanciest who gets ahead or gets what they want.  It is often the hardest worker! That is what helped me get a seat at the table with the Ivy grads.

We can pay for state or private. One went state and the other was offered private. On their own they said “ no” that is crazy $$. That one is hard worker and quite unique. Again luck of birth but we have talked about life choices for years. Everything on the table….college, trade, life in general. More families need to do this and be okay if dc choose a path that is not typical or ivy or dmv- like.[/quote]

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