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I might date them and get to know them, but in order to consider marrying them I would have to consider a few factors: level of ambition, work ethic, other debts (besides student loans). Even in a traditionally low paying field an ambitious person can be successful. I would be more concerned about what this level of student loan debt says about their common sense and ability to handle money. If there are no other warning signs in this area then I would probably be willing to overlook it if I thought they had potential in every other area. They would, however, have to be committed to coming up with a written plan for us to pay off the student loans over the next 5-7 years.
There's the operative term. Somebody who has amassed that much in student loans during a 4-5 year period strikes me as somebody who hasn't earned a dime on their own during that same period.
I could be wrong, of course. The person in question might have been waiting tables while at Harvard. But if that same person is in the hole that much while going to State U., then you really have to be irresponsible to be that much in debt. What? Could this person not find a roommate? Did this person change majors nine times? How is this possible?
Yes...Many people have high student loan bills and PAY THEM.. I am one of them. Mommy and daddy don't pay my way and I don't mesh well with spoiled brats or ignorant folks so maybe thats where that rule would work for you.
Yes...Many people have high student loan bills and PAY THEM.. I am one of them. Mommy and daddy don't pay my way and I don't mesh well with spoiled brats or ignorant folks so maybe thats where that rule would work for you.
100,000 is not really that much.
That was my point. They could not get financial aid if their parents' income was too high and, therefore, they'd have to take out a lot more loans.
There's the operative term. Somebody who has amassed that much in student loans during a 4-5 year period strikes me as somebody who hasn't earned a dime on their own during that same period.
I could be wrong, of course. The person in question might have been waiting tables while at Harvard. But if that same person is in the hole that much while going to State U., then you really have to be irresponsible to be that much in debt. What? Could this person not find a roommate? Did this person change majors nine times? How is this possible?
The problem with this is that tuition at the best private schools nowadays is in the $30,000-$40,000 range or even higher. In addition, it is HARDER for students at these schools to work while in school than it is for students at less prestigious universities.
Some of these schools are starting to waive tuition if the students come from lower income families...but again this is relying on their PARENT's income. If their parents had money and they did it on their own, it would be nearly impossible to not amass such huge debts.
Notice "degrees" is plural in the original post. I've known people who were pursuing several degrees for personal fulfillment, not career goals, and who ended up with a lot debt. $100,000 really isn't that much for several degrees. I've known people have who paid sums like that off too, without earning a lot of money after college.
After a certain age, financial aid grants are not available, so that is something to consider.
I would have come out deep in debt if not for scholarships & grants, and I had to do very well in HS and come from a poor family to qualify. If I was upper middle class and an average student, I wouldn't have fared so well.
Notice "degrees" is plural in the original post. I've known people who were pursuing several degrees for personal fulfillment, not career goals, and who ended up with a lot debt. $100,000 really isn't that much for several degrees. I've known people have who paid sums like that off too, without earning a lot of money after college.
After a certain age, financial aid grants are not available, so that is something to consider.
I would have come out deep in debt if not for scholarships & grants, and I had to do very well in HS and come from a poor family to qualify. If I was upper middle class and an average student, I wouldn't have fared so well.
But I think part of the point is why do they need to be in school for so long getting so many degrees. You have to grow up and get out in the real world sometime.
But I think part of the point is why do they need to be in school for so long getting so many degrees. You have to grow up and get out in the real world sometime.
Eh, what's the "real world"?
Some people love going to school and learning. The real world can be a drudgery of 9-5, soul sucking jobs.
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