Reading about how much tuition cost for previous generations is surreal.
whats really scary for me in the UK, and as a parent - is just how quickly UK student debt has gone from very little, to often higher than US college debt. Insane. £27k just for tuition on a 3 year course, then add in any maintenance.
How did that happen? I thought the UK was more progressive about this.
whats really scary for me in the UK, and as a parent - is just how quickly UK student debt has gone from very little, to often higher than US college debt. Insane. £27k just for tuition on a 3 year course, then add in any maintenance.
How did that happen? I thought the UK was more progressive about this.
Part of the issue is that going to university has become something that close to 50% of young people do; very difficult to keep tuition free when we've got unprecedented numbers of students who achieved middling grades in their A-levels going on to study business management, events planning and so on at degree level.
If I could do it all over again I would learn a trade and start my own business.
But I got off easy. 30K undergrad and a career that has nothing to do with my major. I only went to college because its a requirement. I always tell young people to keep college costs low even if that means staying in state or just getting an associates.
I dont see a problem with that?
As someone that got into uni on middling A-level grades ( B , 2 C's and a D ) Uni enabled me to better myself and leave with a 1st get into a full time job right after graduating and kickstart my career as a games programmer. if i didn't get into uni I can tell you now that I dont know what job i would have gone into and i most certantly would not be doing as well as I am now and contributing as much to society. Lots of people being able to access uni is a good thing.
Alright sorry, that was wrong of me to say. I guess regardless of grades or university, as long as you put the effort in and make the most if it then you're doing right. I suppose I just met far too many people who saw university as an opportunity to kick back for 3 years and party.
it is
you can't be made bankrupt with student debt in the UK
you are only required to pay it back if you earn more than ~£20k a year
what did happen is that tuition fees were increased from £3k a year to £9k a year so it means the student loan you have to pay off is larger. but its not a debt worth worrying about as you are only required to pay it back if you earn enough money and the debt is written off if its unpaid after 30 years.
I dont see a problem with that?
As someone that got into uni on middling A-level grades ( B , 2 C's and a D ) Uni enabled me to better myself and leave with a 1st get into a full time job right after graduating and kickstart my career as a games programmer. if i didn't get into uni I can tell you now that I dont know what job i would have gone into and i most certantly would not be doing as well as I am now and contributing as much to society. Lots of people being able to access uni is a good thing. Especially as the majority of well paying jobs require you have a degree to even get a look in!
Effectively youre paying more income tax and earning more than average - the sort of thing that kept university tuition free
Although the way student debt in the UK is set up, its effectively an additional income tax level
My parents pretty much pressured me to go to law school. Nearly $150k in debt and those bums barely help me out financially. I still love them though.
Aren't people with the most debt Doctors? Once you become a doctor, 300-400k debt seems nothing, thats how much you make in a year. Same with lawyers?
After undergrad I moved back home and was working full-time almost immediately. They both considered this a failure and wanted me to be a doctor or lawyer. I was open to law but that was near the bottom of my list of career paths. I was entertainingHow did they pressure you if they werent helping you with the cost? Did they threaten to disown you or something? What did you want to do instead of go to law school?
Do none of ya take advantage of scholarships and grants? I literally avoided loans and only went for all the scholarships i could find each year. After graduation expenses (tuition, books, bs in education) i made a net 11k.
Not at all. There are way more lawyers than there are jobs and wages have gotten worse due to firms' ability to discard and replace people. My highest paying attorney job so far has been $50k, full time. I am not going to be that 80 hour a week dude just so I could say I'm rich.Aren't people with the most debt Doctors? Once you become a doctor, 300-400k debt seems nothing, thats how much you make in a year. Same with lawyers?
Not at all. There are way more lawyers than there are jobs and wages have gotten worse due to firms' ability to discard and replace people. My highest paying attorney job so far has been $50k, full time. I am not going to be that 80 hour a week dude just so I could say I'm rich.
At this point in time law is huge debt, average wages.
Yeah but aren't you guys making six figures right outta college?
I went to ITT Tech and received my Associates. Never went back due to how bad they screwed me over on student loans but I also knew unless I was willing to start over I would have to go back to them for my Bachelors. Now ITT Tech is finished and all I have to show for it is a useless degree...so you are advising people to waste two years of their life on a useless degree.
Unless you are going into a trade or specific program, 2 year degrees are a massive waste of time.
Its your money, so at the end of the day its your decision. However, this is a bit strange to me. Since she is paying interest on those loans, this is going to cost her quite a bit of extra money. There is no extra interest on the apartment. You are allowing her to screw herself over out of pride.I don't have any debts thankfully, but my fiance got like 8-9k left to pay, and since she's near minimum salary and have a lot of other shit to pay monthly(like her car), she can only pay 70-80$ monthly for her debt... so at this rate, it will take her another 10 years.
I feel bad asking her to pay for some stuff like the internet or electricity bills considering this(she could easily pay another 100$ monthly on that debt without them) and the fact that my salary is more than double her own, but I'm already paying the whole apartment by myself and we both feel like she has to contribute a bit to the household.
But...if she could pay another 100$, that would reduce the years left to pay from 10 years to 4½.
Aren't people with the most debt Doctors? Once you become a doctor, 300-400k debt seems nothing, thats how much you make in a year. Same with lawyers?