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Deleted member 28227
Guest
100%, major issues with the current system.That said, this is where kids need to be careful. Incurring 60k-90k in student debt for the college experience, when you’ll be making peanuts is not good financial sense.
Colleges have turned into resorts and student loans are out of hand, that money valve needs to be shut off.
Dealing with the debt it's absolutely brutal, my wife and I moved in together because she couldn't afford her loans + rent so she was at her parents. So we got a place together I paid for everything and she paid her loans. Then she went back to school and I covered the loans + all expenses when she was in school. We got married and she went to med school, got a good scholarship and we paid her remaining tuition as we went, along with the loan payments from undergrad. Her loans will be paid off by the time she finishes residency. All in we are at about 273K for her education.
At times it was scary as shit and totally overwhelming, in hindsight it taught us to be very disciplined. I think certainly we have been more deliberate and focused when it comes to career choices, and it made me value and appreciate the gift my parents gave me.