- Joined
- Aug 11, 2017
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60k loan and you make 30k and you can't pay that off? Should be able to pay that off in 2 years but let's say you spend half of that, you can still pay it off in 4 years. The problem is teachers/advisors telling you to save only 10%. I laughed so hard when I first heard of that.
As for buying a house, how is 60k extra in your bank account help you buy a house? It shouldn't take you 10 years to save up 60k on a 30k salary. My friend plans to save up 40k in a year with NO DEGREE so he can move abroad for a few years. He plans to work 2 jobs and still wanted to goto school to learn the language. My other friend works 1 full time job and 2 or 3 part time. It is doable to make that much money WITHOUT a degree. You just have to work much harder and live more frugal. How about you cut your spending and work part time as a sub or something else. When there's a will, there's a way. Tell us how you spend your money and we will tell you how you can cut down and save.
I know too many graduates who pay their minimum and spend all their money on luxury and parties knowing/thinking it will go away. I'm glad these people are getting screwed. This program reminds me of that one guy who used his financial aid money on a luxurious Thai vacation. I know many students who use their financial aid money to buy cars and stuff. I'm still driving a 2000 honda civic.
Basically, I have no sympathy for students who are in loan/debt but can't pay it off. I just don't understand. Many many people with no degrees are able to support a family. Single parents with no degree or even know English is able to support herself and her 5 kids. So.....
This may be the dumbest thing I have ever read. EVER