Quote:
Originally Posted by KTP
I like this suggestion a lot!
I also like the idea of actually thinking about what your degree will mean in terms of income *before* you rack up 50K of debt. We have too many young friends who have a degree in underwater basket weaving and complain that they can't find a job that pays more than working at Starbucks. It would seem to me better to make that type of education more of a self study hobby and get a real degree in something that actually pays (finance, medical, engineering). Just an idea...
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I agree too. Keep your debt as little as possible, you will thank yourself 4 years later. And the suggestion to have no more than $120k in debt if you are to start at $40k or even a 2:1 ratio is ludicrous. Remember, the borrower is slave to the lender. Stay away from debt.