To: Red in Blue PA
This is a 100% guaranteed money-loser.
Assume you go to a private school at $50k/year.
Four years = $200,000.
Assume a starting salary of $50k a year.
Assume a 5% increase a year in salary.
Even if you paid 10% of your TOTAL income each year, your maximum payback in 20 years would be $165,000.
TAXPAYERS LOSE $35,000.
To: atomicweeder
Everything obama does is a guaranteed money-loser!
He never worked in the real world!
66 posted on
03/30/2010 9:05:34 AM PDT by
Red in Blue PA
(Thinking of using 911 for protection? Google "Brittany Zimmerman")
To: atomicweeder
Multiply that by millions of students every year over decades and you have even more trillions of dollars added to our already massive $13 trillion Federal debts. 0bama’ insanity just has to be stopped at all costs.
To: atomicweeder
Did you account for interest.
158 posted on
03/30/2010 10:11:25 AM PDT by
demshateGod
(The fool hath said in his heart, There is no God.)
To: atomicweeder
"Four years = $200,000"
Except, even if you are an independent undergrad student, you are capped currently at $57,500 total lifetime loan limits. It goes up for grad/professional to $138,500, and medical is $224,000. There are already numerous loan forgiveness programs for doctors/nurse practitioners usually if they agree to work in a rural, under-served area.
213 posted on
03/30/2010 11:54:31 AM PDT by
rednesss
(fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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