took me seven years to pay mine off... bankruptcy should NOT be an option. take a loan out on a house or car the lender can re-posse the property/car
a learning loan, unless they can re-posse your head, you owe the money.
Posted on 12/18/2018 10:35:06 AM PST by Baynative
Many full time jobs for ADULTS won't cover todays costs and allow them time to go to school.
When I was younger I couldn't afford school but had plenty of time. Now Im older and would like to go back and take advantage of free college (state program for vets) but cant seem to find the time working 60-92 hours a week.
They weren’t stupid enough to loan me money so I did what I could without borrowing. I made it half way through the Community College and went to work in the computer field. We didn’t call it IT back then. I have made it almost to retirement without anything better than the associate degree and I feel like I am doing pretty well.
The misconception is that the student has to live on campus. Not true. Our son has lived at home the whole time. That is a $15,000 plus savings right there. You have to ask and insist.
He is working on his EE with a software minor and just turned Senior. He has about another year and a half, give or take. Still, it has been very expensive ~ $8,000 per semester.
All engineering degrees should be free for Americans. The amount of work to get one is phenomenal.
Mine was a bit too far away but his school had apartments not dorms. The meal plan was whatever you want to cook. Saved a ton.
Plus as a small school with no athletic programs to fund on the backs of the academic students, I don’t think there were any fees beyond tuition.
Don’t be making sensible statements now.
Agreed. He keeps chugging along and he just turned Senior.
And if they start handing out free education, I am going to demand a partial refund. Actually, we’ll probably just move on and be thankful that he and we (my wife and I) survived.
It would be unfair to make someone pay a fortune for something and then shortly after the first person pays it off, give the same thing to everyone else free. But that is socialism in its worst form.
We were just inside the limit. It really helped his grades, too. Socializing in college is secondary to getting an education and maintaining good grades.
I worked when I was in college and I also had student loans, which I paid off on schedule. But, we’re talking about many, many years ago.
took me seven years to pay mine off... bankruptcy should NOT be an option. take a loan out on a house or car the lender can re-posse the property/car
a learning loan, unless they can re-posse your head, you owe the money.
College tuition wasn't too bad in the 1980's, either, especially if you didn't live on campus. Community college was $1000/year. University tuition might've been around $4000/year (if you didn't live on campus). Many of us worked and were able to pay our own way, up front, the full tuition.
Today, students still can save money if they start at community college, now around $4000/year. Then transfer to a state university for the last two years, around $15,000/year (if you don't live on campus), but most students receive some kind of financial aid to offset that cost.
However, some students (and their parents) think they need "the whole college experience" living on campus all four years. The cost for tuition/room/board/meals around here ranges from $25,000/year to $60,000/year, depending on the college. So students (and parents) take out loans.
And then there are students who took out loans for schools that closed down, sometimes even before they finished their education there. So, now they're paying for schools that pretty much scammed them.
I'm on your side - I can't understand going into debt for an education. I have three sons, and I convinced them to avoid student debt. I drummed that idea into their heads for years. I also convinced them to pick majors that would get them hired.
One had test scores high enough for a full ride to a university. He graduated debt-free this year and was hired right out of college.
Another is finishing up at a community college and then transferring, maybe to a university, an online college, or a trade school (we'll see).
The other will be starting college soon, probably at a community college first.
It's best to avoid debt, no matter what, because what happens if you can't find a job after graduation?
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