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> A $550,000 improvement in lifetime earnings in exchange for $31K in debt, seems like one of the best investments you can make. Not when you're not even sure
by monsieurgaufre 4y ago
> A $550,000 improvement in lifetime earnings in exchange for $31K in debt, seems like one of the best investments you can make.
Not when you're not even sure of being able to pay back those $31K+interests afterwards.
- ejb999 4y ago>>Not when you're not even sure of being able to pay back those $31K+interests afterwards. If you went to college for 4 years, and didn't improve you situation enough to afford a few hundred dollars a month in debt, then you chose poorly.
- randomdata 4y agoAt the same time, if college is able to improve your situation, you have already chosen poorly. Given that the typical college grad is well into their 20s, often older and almost never younger, that is incredibly late in life to be just starting to think about improving one's situation. Smart money has it figured out long before that time. The time value of money does not favour those who delay.
- ryan93 4y agoThats like 200-250 a month. Unless you get a minimum wage job you are fine.