Is a Business/ Finance Degree worth 200K in loans these days? Want my kid to have a great experience but the debt doesn't seem worth it. What do you see out there? Oh, and hockey is fun.
First, if you didn't put at least as much money into a savings plan for college as you did his "youth sports career" you had some messed up priorities.
Second, no 200K in debt is ridiculous but there are many ways to achieve a degree without setting your kid up for a lifetime of living in your basement from student debt.
The stupid thing is that all tuition is basically the same. Could be some crap liberal arts school, could be MIT - cost is pretty much the same. I agree that you just have to plan ahead. Not much else you can do other than hope for a scholarship or financial aid.
Where? It seems like every college is 60k a year. State school not included.
Alcorn State, UNC Pembroke, if you want a party school, St. Petersburg College are all under 10K for out of state tuition.
Fit for a student is important but so is the realization that there are about a dozen colleges/universities that will make a meaningful difference in a students long term career. The rest are all pretty much interchangeable so tell a kid, fit with affordability.
Back in the day, a friend of mine worked a full time job managing a restaurant (40+ hours a week) and also managed straight A's at a prestigious midwestern business school. He slept about four hours a day.
Had a job Day 1 out of school at a "big five" accounting firm and has been a partner there for many years.
He had zero debt coming out of school and the only debt he likely has now is his seven-figure mortgage and maybe alimony.
Work hard and don't take student loans unless you literally can't make it happen otherwise. A self-employed carpenter is likely just as happy as the marketing major paying off her $320K degree from Notre Dame working at Macy's.
Back in the day, a friend of mine worked a full time job managing a restaurant (40+ hours a week) and also managed straight A's at a prestigious midwestern business school. He slept about four hours a day.
Had a job Day 1 out of school at a "big five" accounting firm and has been a partner there for many years.
He had zero debt coming out of school and the only debt he likely has now is his seven-figure mortgage and maybe alimony.
Work hard and don't take student loans unless you literally can't make it happen otherwise. A self-employed carpenter is likely just as happy as the marketing major paying off her $320K degree from Notre Dame working at Macy's.
Hopefully more and more people are realizing that borrowing money (for anything) you don't have and ac***ulating debt that will hurt your future is something to be avoided whenever possible.
Parents and kid can swallow their pride and go CC for 1-2 years to chip away at credits before matriculating to traditional undergrad.
Military is an option too. Find a guaranteed technical job in the Air Force, do your 4-years, and get some dough for college. As a freshman, you'll only be a year older than the kids who aged-out of juniors lol.