Quote:
Originally Posted by RayinPenn
It is intern season at our firm and we have three in our department -I have one working on a project for me. (She is awesome). One of the two others and I got to chatting and he told me he will have $200k of student loan debt when he graduates...when he said it I tried to not show the shock I felt. The University he attends is ranked in the top ten of business schools in the country...
Later a bunch of my twenty something colleagues were having afternoon coffee when the subject came up and the themes were:
1. Some had debt but nothing like our intern
2. It just wasn't worth it and it will take years to pay off... The 'nut' will be over 2500. A month.
3. It is a relationship killer - girls they have dated with huge debts and how they wrote them off when they found out...
4. An 18 year old has no sense of the financial impact of their college choice decisions.
The thought of that debt has me sitting here in disbelief...
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Ray - thanks for starting this post for discussion, this is a subject near and dear to my heart. I am the grandmother of a young man whose parents "coerced" him into attending Ohio State "because it would look good on a resume"! He graduated with a major and a minor and cannot find a job. He is left with 20 years of debt at $400 per month, and they co-signed!!!!
Before this young man graduated from high school he was working with a high end Landscaper who specialized in commercial landscaping. He was good at it and loved it, but it was considered an "after school job" by his parents who did not want him to spend his life groveling in the dirt to make a living. He had become very interested in organics, soil improvements, organic fertilizers and was really excited about the future of organics in farming. Had he stuck with it, he would have probably owned his own company by now instead of being saddled with gazzillions of debt. He worked while in college with a construction company - again he loved it, he really liked making over old homes - again, not good enough for a real job. Grrrrrrr ..........
Since the return of so many of our military with missing arms, legs and goodness only knows what, it would seem to me that the medical field, artificial intelligence, etc. etc. gives the best chance for a decent career!
But, I'm only the "ancient" grandmother and I know nothing..............