5 ms·
Student loans. Total investment will end up being something like $200k with interest included. Lifetime value added to my income will easily reach $4 million.
by Mc_Big_G 10y ago
Student loans. Total investment will end up being something like $200k with interest included. Lifetime value added to my income will easily reach $4 million. 20X+ return.
- xutopia 10y agoHow do you calculate this?
- Mc_Big_G 10y agoBased on my past/present/projected salary minus a normal salary I would be able to earn without an engineering degree. I'm not saying it's a perfect calculation, but even if it's only $2 million, it's still a 10X return.
- ysavir 10y agoI'm assuming you mean that you loan out money to students? Otherwise, that's likely a skewed calculation.
- Mc_Big_G 10y agoNo, I mean my student loans. My salary is far above what I would earn without the degree. The day before I graduated, the best job I could get was a gas station attendant. The very next day I had an offer for an engineering position making 5x the hourly rate. Since then, my salary has quadrupled.