You are correct, I made an order of magnitude error. He earns between 99,999 and 10,000 per year. Since 30,000 is near minimum wage, say 30,000-90,000. Probably roughly 50,000 or more. He can certainly pay it off, though it will be challenging. An MBA is, I agree, a worthless credential, though it was something of an ambition filter at one time. I worked with a guy who had three master’s degrees, and he was next to totally worthless in three disciplines. One of his masters was an MBA. I never knew an MBA who displayed any concrete, useful knowledge so imparted.
Also depends on where he got the MBA and how much he learned from his MBA. My income is up 15x from when I finished my MBA 11 years ago.
He earns “five figures”, a minimum of $100,000 bucks.
Uh, no! SIX figures is a minimum of #100,000 bucks.
The student loan fiasco was never set up correctly. Should’ve been like a mortgage. Your intended degree better have a chance of paying off.
Article doesn’t say what undergraduate degree ole’ Jarrett has. An MBA by itself isn’t worth much to me (IMHO). It’s the combination of the undergrad + MBA that’s worthwhile.
__________________________________________________________
UH, Yes.
He earns 5 figures but owes $100,000. No one ever said he made $100,000.
He had no qualms when he was spending the money, why some poor plumber working in a water filled ditch should have to pay for his education that gets him the ability to work in a dry air-conditioned office is beyond me.
He seems to be trying to get something for nothing, worse than nothing, using MY something..