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Then again, no amount of communication is going to completely negate the blow of someone with $200k or more debt who does not plan to earn enough to pay it off.
by houseabsolute 16y ago
Then again, no amount of communication is going to completely negate the blow of someone with $200k or more debt who does not plan to earn enough to pay it off. There's a lesson in that . . . something like, "Don't buy expensive things unless you're sure you want them and can pay for them."
- danilocampos 16y agoI mean, yeah. There's debt and then there's debt. But if you've got any chance at all of succeeding, you need to talk about this sooner rather than later.
- Mz 16y agoWell, I think one of the distinctions that has to be made is investment debt vs consumer debt. OP for this thread is talking about debt for education (an investment), which typically comes with the expectation that getting that education will increase their earning capacity. The scenario you describe implies consumer debt. Someone with $200k in consumer debt is a very different animal from someone with $100k in education debt.