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I would suggest, that of you can obtain a college education with less than 30-40k in loans (ideally no more than 20k), its probably a fair value still. What the
by Aloha 8y ago
I would suggest, that of you can obtain a college education with less than 30-40k in loans (ideally no more than 20k), its probably a fair value still. What the degree is in, is also a compounding factor - but almost any degree with some commercial or governmental value will make paying back 20k pretty easy.
The issue is, its very hard to get a four year degree for that cost.
- mcguire 8y agoThe median for all borrowers was $17,000 in 2017; the median for bachelors was $25,000. (http://www.pewresearch.org/fact-tank/2017/08/24/5-facts-about-student-loans/ http://www.pewresearch.org/fact-tank/2017/08/24/5-facts-abou...) "Relatively few with student loan debt have six-figure balances. Only 7% of current borrowers have at least $100,000 in outstanding debt, which corresponds to 1% of the adult population. Balances of $100,000 or more are most common among postgraduate degree holders. Of those with a postgraduate degree and outstanding debt, 23% reported owing $100,000 or more."
- Aloha 8y agoHow many of them are failed students, or people going for a two year degree?
- leetcrew 8y agohow is it hard? pretty much every state university costs $10-12k a year, so you're looking at $48k total if you somehow manage not to apply/qualify for any grants whatsoever. it's even cheaper if you go to community college for the first two years.