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Probably lives in California where COL is through the roof and is taxed to hell.. Maybe has a house and family yet can't even afford to pay down student loans.
Technically the degree is ..but the job one gets may not be
I don’t know how many times I have to repeat this. She apparently went from being a production assistant at ESPN to a media executive after going to get her MBA. Seeing as it seems like she makes at least $300K now, it appears to have actually paid off. Her real issue is that she doesn’t seem to be bothered to actually pay off her loans despite graduating 7 years ago.
I am I debt so I go into more debt because I have to pay taxes on what I make. Poor thing- time for a reality check?
Why bother to pay de t that I incurred. It will be wiped out some day. Idiots pay what they owe.
We raised three millennials and made it clear we would never take out nor co-sign loans. Two received full rides and one served our country. We helped with food, clothing, rent, etc as needed, but the two who went to university, worked part-time. I’m very proud of them for not following the path so many in their generation took.
Not everyone has parents who can or are willing to subsidize them by paying for their food, clothing, rent, ect.
Not everyone gets full rides.
Not everyone can work in the military and have them pay for their school.
There best is when parents destroy their retirements sending kids to expensive schools …..
There are loads of ways kids can finance education …there is no loan for retirement the parents can get
There is a K-12 private school in our area that is 30K a year, then it bumps to 33K for high school.
So figure all in you are looking at 400K for K-12 education. The INSANITY is last years graduates included kids that went to community college! They pitch the parents that it is a college prep school, yet it yields mediocre results for 95% of the students.
I know parents choking on the tuition thinking Little Johnny or Sweet Susie are going to get into Harvard on scholarships! Dumb dumb dumb..........
We raised three millennials and made it clear we would never take out nor co-sign loans. Two received full rides and one served our country. We helped with food, clothing, rent, etc as needed, but the two who went to university, worked part-time. I’m very proud of them for not following the path so many in their generation took.
Its math...........you showed them the right way to get educated
There is a K-12 private school in our area that is 30K a year, then it bumps to 33K for high school.
So figure all in you are looking at 400K for K-12 education. The INSANITY is last years graduates included kids that went to community college! They pitch the parents that it is a college prep school, yet it yields mediocre results for 95% of the students.
I know parents choking on the tuition thinking Little Johnny or Sweet Susie are going to get into Harvard on scholarships! Dumb dumb dumb..........
My son and daughter in law have both little ones in private school in westchester ..it is over 55k for both ,maybe ,more since it likely went up since these numbers
They put the older one in public school for a year but because he was in a Montessori school since pre school he was so far beyond the class he was bored ..so they put him back in The Montessori school.
They pay 31k in real estate taxes and it is a shame they have them in private school now but the youngest is still to young for public school
Last edited by mathjak107; 04-22-2022 at 06:07 PM..
MBA at Chicago Booth: *Total tuition for the two-year program is $149,838 and includes up to 2200 units of coursework, of which 2000 units are required for graduation. The full tuition cost is charged over six quarterly installments, regardless of whether students accelerate, decelerate, or graduate in fewer than six quarters.
Imagine you took 2 full years off your career as an adult and had to take loans for food and housing as well... easy to see where you could end up $200k+
While the number seems high, there's no denying that she's now making huge money to pay it back. When you get an MBA from one of the top 7 schools, you are in an elite group and really have a chance of making the big money... Like they say, you aren't paying for the education, you are paying for the network. ...
Regarding the bold above - I went to Chicago Booth (as did several other posters here on C-D). I can say first hand that the education is phenomenal.
Oh - US News ranks it tied with Wharton @ #1, although back when I went it was #3, I think.
Last edited by moguldreamer; 04-22-2022 at 06:26 PM..
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They pitch the parents that it is a college prep school, yet it yields mediocre results for 95% of the students.
