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Yes, college is a huge money drain. However, it is becoming harder to get a good-paying job without a college degree. For that reason alone, you're better off biting the bullet and dealing with student loans for the next 20 years or so. Just go to a college that isn't high priced like Harvard and your loan payments will likely be affordable.
Yes, college is a huge money drain. However, it is becoming harder to get a good-paying job without a college degree. For that reason alone, you're better off biting the bullet and dealing with student loans for the next 20 years or so. Just go to a college that isn't high priced like Harvard and your loan payments will likely be affordable.
Exactly. College is expensive, but in many of the technical fields, you won't even get an interview without one. My employers had my hands tied (really big companies), in that if you didn't have a degree from an approved school, sorry, no job. Not even an interview. There are a zillion (technical term) engineering jobs available now... go look at Monster/CareerBuilder/Indeed etc. Oh, but wait.... Minimum BS, Master's preferred...
First of all, Harvard is no more expensive than many of the other private schools. Poor example. I am doing the school search now. JHU is $10K more/year.
Not to place blame, but where were the parents (in terms of saving money), when they conceived the child? I started saving years before I ever even had one (well, technically not mine, but essentially). $100/week invested for their college, over the past decades makes any college in the entire US has the individual emerge debt-free. Best gift I was ever given, best gift I can ever give. I get tired of hearing 'it is so expensive', when 'P*ss poor planning on the parent's part' (PPPPP) is one of the reasons (actually, the main reason) that students emerge with so much debt. YMMV.
Exactly. College is expensive, but in many of the technical fields, you won't even get an interview without one. My employers had my hands tied (really big companies), in that if you didn't have a degree from an approved school, sorry, no job. Not even an interview. There are a zillion (technical term) engineering jobs available now... go look at Monster/CareerBuilder/Indeed etc. Oh, but wait.... Minimum BS, Master's preferred...
First of all, Harvard is no more expensive than many of the other private schools. Poor example. I am doing the school search now. JHU is $10K more/year.
Not to place blame, but where were the parents (in terms of saving money), when they conceived the child? I started saving years before I ever even had one (well, technically not mine, but essentially). $100/week invested for their college, over the past decades makes any college in the entire US has the individual emerge debt-free. Best gift I was ever given, best gift I can ever give. I get tired of hearing 'it is so expensive', when 'P*ss poor planning on the parent's part' (PPPPP) is one of the reasons (actually, the main reason) that students emerge with so much debt. YMMV.
I just used Harvard as an example because that's the first school I think of when I hear the word "expensive." Also, I wouldn't necessarily say that all college debt is "**** poor planning on the parent's part." Yes, that can happen, but there are many parents out there who can't afford to save much money for their kids' educations.
I just used Harvard as an example because that's the first school I think of when I hear the word "expensive." Also, I wouldn't necessarily say that all college debt is "**** poor planning on the parent's part." Yes, that can happen, but there are many parents out there who can't afford to save much money for their kids' educations.
Quote:"I just used Harvard as an example because that's the first school I think of when I hear the word "expensive."
Have you started putting a student through almost any of the decent private universities recently? Harvard is about average for cost. Trust me on that one.
Quote:"Yes, that can happen, but there are many parents out there who can't afford to save much money for their kids' educations."
Buying/creating/adopting, whatever you want to call it, something you cannot afford IS, by definition, PPPPP.
I think even the most simple concept is that raising a child is a zillion (technical term) dollar expense. If the parents can't afford it, should the student be at fault because he/she goes far into debt? So whining about the expense just indicates that the parents are living beyond their means.
When you were 22, did you start saving for an offspring's education? Really simple math, with basic forward extrapolation would give you an idea of what you would need. Not rocket science.
Quote:"I just used Harvard as an example because that's the first school I think of when I hear the word "expensive."
Have you started putting a student through almost any of the decent private universities recently? Harvard is about average for cost. Trust me on that one.
Quote:"Yes, that can happen, but there are many parents out there who can't afford to save much money for their kids' educations."
Buying/creating/adopting, whatever you want to call it, something you cannot afford IS, by definition, PPPPP.
I think even the most simple concept is that raising a child is a zillion (technical term) dollar expense. If the parents can't afford it, should the student be at fault because he/she goes far into debt? So whining about the expense just indicates that the parents are living beyond their means.
When you were 22, did you start saving for an offspring's education? Really simple math, with basic forward extrapolation would give you an idea of what you would need. Not rocket science.
I'm not going to split hairs with you about expensive colleges, you've missed my point entirely. I'm not going to debate unplanned pregnancies as well. The point is, even living within your means does not mean that you can afford to fund someone's college education. I think you need to come down from your ivory tower for a little while.
My wife has no college degree and is a commissioned sales rep for a higher end furniture store chain.
Last year her gross income was slightly over 109,000 dollars.
She works close to 65 hours average per week.
You do not need a college degree for high end sales.
What you do need is extreme drive and ambition combined with sales aptitude.
She attends seminar after seminar on sales and self improvement sometimes traveling to DC and into NYC to attend some of the best seminars in the country.
She's constantly challenging herself.
I'm very proud of her.
My cousin is also a sales rep and is employed by ZEP industrial cleaning products.
His career has spanned close to forty years and prides himself on the fact that he has never set foot onto a college campus.
He is very well off and enjoys his house in Denver and his house in Silverthorne Co up I-70 in ski country.
Most of my wife's co workers have no college degree yet make close if not over six figures a year.
You have to want it bad enough to go kill it and drag it home.
Except they're not parents when they make that decision....they're 18 year olds with no understanding of the consequences of student loans.
Generalizations are never good. An uneducated 18 year old might not have an understanding of the consequences of a student loan while an educated 18 year old would. Chances are that an uneducated 18 year old has uneducated parents as well... thus no real guidance.
If you don't understand the consequences of loans, you aren't ready for college.
Anyways, what many are probably alluding to here is that we need tighter control on student loans to prevent everyone and their mother from taking out incredibly large loans... and I agree.
Last edited by NJBest; 09-16-2012 at 04:49 PM..
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So whining about the expense just indicates that the parents are living beyond their means.
