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Thread: A Generation Hobbled by the Soaring Cost of College

  1. #431
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    Re: A Generation Hobbled by the Soaring Cost of College

    Sound advice. By living at home (rent free), working full time (even at a fairly low wage) and taking classes part time, only as many as you can keep up the study for and still have time to sleep and play a bit, you can get that degree in 6 to 8 years and still leave the nest fairly young, with a bit of savings accrued and work experience as well. I did not get to stay at home, since my father retired and moved out of state (during my 2nd year), but did the rest of that plan to get my college education. The whole concept of gambling on your future with a huge debt ahead of you, just to get that education done ASAP is foolish, except for possibly the best and the brightest of students that also choose to major in very high demand (high paying) fields of study.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by ttwtt78640 View Post
    Sound advice. By living at home (rent free), working full time (even at a fairly low wage) and taking classes part time, only as many as you can keep up the study for and still have time to sleep and play a bit, you can get that degree in 6 to 8 years and still leave the nest fairly young, with a bit of savings accrued and work experience as well. I did not get to stay at home, since my father retired and moved out of state (during my 2nd year), but did the rest of that plan to get my college education. The whole concept of gambling on your future with a huge debt ahead of you, just to get that education done ASAP is foolish, except for possibly the best and the brightest of students that also choose to major in very high demand (high paying) fields of study.
    Good thing for me that the Navy needed smart guys to be electronic Techs and Nuclear power plant operators....
    when I was 16, I was informed that I could plan on moving out right after high school, no living at home unless I paid room and board to mom.....well, I knew the quality of her cooking, not to mention her generally nasty disposition, and her price was way too high.

    After my Navy years, I took night classes for 8 years, not that I needed them to make good money. But it is good to stay in the game, you never know when a career change will be thrust upon you, or an opportunity might present itself. It is also good to have multiple skills...
    Oracle of Utah
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  3. #433
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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by ttwtt78640 View Post
    Sound advice. By living at home (rent free), working full time (even at a fairly low wage) and taking classes part time, only as many as you can keep up the study for and still have time to sleep and play a bit, you can get that degree in 6 to 8 years and still leave the nest fairly young, with a bit of savings accrued and work experience as well. I did not get to stay at home, since my father retired and moved out of state (during my 2nd year), but did the rest of that plan to get my college education. The whole concept of gambling on your future with a huge debt ahead of you, just to get that education done ASAP is foolish, except for possibly the best and the brightest of students that also choose to major in very high demand (high paying) fields of study.
    IMO it depends what school you're at. If you are a school that is say not ranked in the top 100, I would agree with you're advice. Going to a school that isn't in the top 100 is still a good investment, but only if you're careful about how much debt you take on for it.

    If you're in the 20-100 range, you want to graduate in four years. Your income after you graduate will be enough higher that it doesn't make sense to give up 2 years of that salary for 2 years worth of minimum wage working while you're a student. But, do be cost conscious. Live at home if you can, don't eat out, have roommates, do a work study job a few hours a week, etc.

    Now if you're in a top 20 school, screw all of the above. If you're in a top 20 school, this is your chance to determine where the rest of your life leads. College is a branch in your fate and the stakes are extremely high. If you don't give it 100%, you'll spend the rest of your life kicking yourself for every little mistake you made. At this level, grades are far more important to your financial future than debt. You should not work at all and you should not live at home. All you should do is study. The debt is essentially irrelevant in comparison to the importance of your grades. An A average is worth $500k more than a B+ average to you.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by teamosil View Post
    IMO it depends what school you're at. If you are a school that is say not ranked in the top 100, I would agree with you're advice. Going to a school that isn't in the top 100 is still a good investment, but only if you're careful about how much debt you take on for it.

    If you're in the 20-100 range, you want to graduate in four years. Your income after you graduate will be enough higher that it doesn't make sense to give up 2 years of that salary for 2 years worth of minimum wage working while you're a student. But, do be cost conscious. Live at home if you can, don't eat out, have roommates, do a work study job a few hours a week, etc.

    Now if you're in a top 20 school, screw all of the above. If you're in a top 20 school, this is your chance to determine where the rest of your life leads. College is a branch in your fate and the stakes are extremely high. If you don't give it 100%, you'll spend the rest of your life kicking yourself for every little mistake you made. At this level, grades are far more important to your financial future than debt. You should not work at all and you should not live at home. All you should do is study. The debt is essentially irrelevant in comparison to the importance of your grades. An A average is worth $500k more than a B+ average to you.
    The rich want us to live like children or hermits. They know this is unhealthy and self-destructive; that's why they give their children big allowances so they can have normal satisfaction of normal desires. The owners of the economy want to create a generation of wimps to be their well-paid workoholic flunkies willing to put up anything to make up for a lost youth. This bullying suppresses talent because without pride, talent chokes.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Those who would enslave the young are not just the rich. They are also the old who were once enslaved themselves.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Albert Di Salvo View Post
    Those who would enslave the young are not just the rich. They are also the old who were once enslaved themselves.
    Also, to keep the young from growing up. The sheltering, babying, insulting, and condescending attitude that started in the 60s, causing a reaction that made the Boomers not fit into the childish program that the rich had designed for them.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by PrometheusBound View Post
    Also, to keep the young from growing up. The sheltering, babying, insulting, and condescending attitude that started in the 60s, causing a reaction that made the Boomers not fit into the childish program that the rich had designed for them.

    Is there some anual meeting, or convention, or even a drawn up game plan we could take a look at on this evil plan, of the evil rich?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by j-mac View Post
    Is there some anual meeting, or convention, or even a drawn up game plan we could take a look at on this evil plan, of the evil rich?

    j-mac
    also the stupid poor, my mother ruined her youngest, my little brother, by clinging to him. Mom's mother did the same thing to her yuoungest, mom's little brother.
    2 men who never married, and only worked for a few years....rest of the time they lived with, and off, mommy and daddy til they died....
    My Uncle then went into a nursing home, my brother inherited a shack to live in.....a little VA pension keeps him from being on the street...
    Last edited by UtahBill; 05-26-12 at 04:03 PM.
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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by UtahBill View Post
    also the stupid poor, my mother ruined her youngest, my little brother, by clinging to him. Mom's mother did the same thing to her yuoungest, mom's little brother.
    2 men who never married, and only worked for a few years....rest of the time they lived with, and off, mommy and daddy til they died....
    My Uncle then went into a nursing home, my brother inherited a shack to live in.....a little VA pension keeps him from being on the street...

    Man, that sucks Bill....Sorry to hear.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by j-mac View Post
    Man, that sucks Bill....Sorry to hear.

    j-mac
    I will give little brother credit for at least never asking me for money.....but I have 2 other siblings who have....I used to send some to my sister just before Christmas, but little brother said she wasn't spending it on the kids.....so that stopped. Older brother wanted money, altho he didn't say it, it was to pay his gambling debts, like I wouldn't find out why he really needed the money, again, little brother is a good snitch.
    I live far away from all of them, helps my sanity by maintaining some distance from the "kinfolk"...
    Oracle of Utah
    Truth rings hollow in empty heads.

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