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>By their own estimation, the cost of a four year education at RISD is $245,816. >An online debt repayment calculator recommended a salary exceeding $400,000 i
by wging 13y ago
>By their own estimation, the cost of a four year education at RISD is $245,816.
>An online debt repayment calculator recommended a salary exceeding $400,000 in order to pay off a RISD education within 10 years.
... If you made $400k and had $250k in debt, why wouldn't you live like you made $100k for a year and then be done with it forever?
- jamesaguilar 13y agoIf you make 400k, you only take home around 240k (in the us, depending on the state you live in it could be less). It would take about two years. Depending on the format of the debt, it can be a better decision to delay paying it off.
- scarecrowbob 13y agoNot to quibble, but that kind of misses the point-- I don't know how many artists and designers are earning 400K in the first 10 years out of school.
- wging 13y agoOh, absolutely. But this seems to indicate the debt repayment math being done to support the author's point is badly off.