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My college loans are by far the best investment I've ever made. I went to a good in-state public school (Purdue), and lived very cheap. If they weren't at le
by cconstantine 18y ago
My college loans are by far the best investment I've ever made. I went to a good in-state public school (Purdue), and lived very cheap. If they weren't at less than 3% interest they would have been paid off in one year from the extra money it earned me at work.
I don't understand the blanket hatred of college; it appears to come from people who spent >$100k/yr and are now drowning in that debt. If doe properly it's a very good thing; I learned a lot, made connections and grew as a person. I would say it's worth more to me than what I paid.
- tlrobinson 18y ago$100k/year?! I thought even the expensive ones maxed out around $50k/year?
- madcaptenor 18y agoI found a list of the most expensive colleges (http://www.campusgrotto.com/most-expensive-colleges-for-2008-2009.html http://www.campusgrotto.com/most-expensive-colleges-for-2008...). I don't claim that this is an authoritative source but I've seen very similar lists elsewhere). There are three colleges in the US that break 50k per year for tuition, room, and board. There are quite a few more between 48k and 50k, though, and so with a standard tuition hike of a few percent they'll be over 50k next year. My own institution is proud to be doing its own "lowest tuition hike in 41 years", at 3.8 percent. Thankfully I'm a PhD student and so I don't actually pay my own tuition.
- cconstantine 18y agoYeah, so there are only a small number of colleges that expensive. How about we say $100k of debt for a degree?