Quote:
Originally Posted by Velvet
Well if this thread is solely about money, then we need to consider the real cost of higher education. It is not only the tuition fees, residence and living expenses, it is also the foregone income. Assuming a job after 2 years of college, one starts to earn a salary, compared to 4 years for BA, 2 years for MA, then professional certification, or residency etc or 6 years for PhD (which is the norm in my field) in some it can be only 4 years. So at least 8 years of foregone income should be added to the direct expenses to calculate the true price of education.
|
I think this thread is simply about taking out a loan and then paying it back. If you want to borrow money to go to school, then fine, do the math, and calculate how much you can afford to borrow, and make a plan to pay it back. But, don't expect someone else to pay off the loan for you. That is your responsibility.