(Closed) Are your students loans worth it?

posted 6 years ago in Money
  • poll: Were your student loans worth it or a waste?
    Totally worth it! Never questioned or regretted taking them out. : (104 votes)
    34 %
    No education is ever wasted, but I have questions/regrets now. : (89 votes)
    29 %
    I had doubts while in school but was determined to finish no matter what. : (33 votes)
    11 %
    It was a waste and if I could do it over again, I never would have. : (64 votes)
    21 %
    Other... : (12 votes)
    4 %
  • Post # 47
    Member
    4605 posts
    Honey bee
    • Wedding: March 2014

    For what I am currently “getting an education” for, my loans have not been worth it at all. I’m in a “tech school” right now because I had so much trouble getting classes at the four year university I was attending. The school itself is just a really expensive, pathetic excuse for a tech school, and I found out after I was halfway through that I didn’t even need the education to certify. Needless to say, I was pissed. Pissed off because the school doesn’t actually teach you anything and pissed because I’ve wasted so much money on an “education” that I could have gotten from Google. 

     

    Post # 48
    Member
    1831 posts
    Buzzing bee
    • Wedding: November 2013

    I graduated with $210,000 in student loan debt. I make $150,000/year. Financially it was probably a good decision, but I hate feeling tied down by my debt. There is no option to do something other than what I was trained in because it’s the only thing that allows me to pay for my education.  I think it depends on your debt to income ratio and how much you enjoy doing what you do.

    Post # 49
    Member
    685 posts
    Busy bee
    • Wedding: June 2013

    I didn’t take out too much since I worked through college and paid what I could.  My education lead to my very well paying job and my job also paid for my very expensive grad school (1 year there would cost more than what I borrowed for my whole bachelor’s degree), so completely worth it, in my opinion. 

    Post # 50
    Member
    115 posts
    Blushing bee
    • Wedding: October 2014

    I was tricked into going to this very expensive cosmetology school, basically being promised that by graduating this school that I’d get into a salon making 100$ a haircut and Ect ect. 

    long story short, I work at a chain salon and while I make decent money I work my ass off and I’ve been told that my body is basically shutting down on itself by working 40 hours on My feet with little breaks. 

     

    9,000 in dept for school still,  slowly digging my way out while looking for a new career 🙁

    Post # 51
    Member
    5188 posts
    Bee Keeper
    • Wedding: February 2013

    @SouthernGirl:  Big hugs! Yep, I feel you honey. After my waste of space BA in world history got me nowhere, I went to tech school for graphic design. That school promised me the moon. While I was off for a time period for medical reasons they cancelled my program at that campus and moved it to somewhere that was too far for me to travel. My tuition had to be paid up front, not by the individual class. I received no refund for the classes I was never able to take, and have no credentials after $20,000 in loans. The schooling I needed for my current job was only a month long and $1000 at community college. I should have done it right out of high school.

    Post # 52
    Member
    1517 posts
    Bumble bee
    • Wedding: October 2013

    @renwoman:  Totally worth it. I honestly don’t know what I would be doing without an advanced education…flipping burgers? Answering a phone for $8/hr? I never regret those monthly payments!

    Post # 53
    Member
    9134 posts
    Buzzing Beekeeper
    • Wedding: November 2013 - St. Augustine Beach, FL

    @renwoman:  Public university loans aren’t bad but don’t go to professional school unless there is a substantial pay raise or you end up paying half your salary to loan companies for 10+ years.

    Post # 55
    Member
    3051 posts
    Sugar bee
    • Wedding: February 2015

    I regret my loans a bit. I think I could’ve gotten by with less loans if I had known to budget (and realized how much I was wasting!) when I was younger. I am split on if I regret them all together. I should’ve gone to a community college and then transferred to a university but I didn’t. I should’ve lived at home for an extra 2 years but I didn’t. I should’ve not changed my major 4 times, but I did that.

    At the same time, I definitely think that my first job that I got by my university did get me all my following jobs, including the one I have now. And since I don’t know what I’d be doing now in an alternate universe, I don’t regret it TOO much. I could definitely be worse off. I think once/if I ever have a job where a degree is fully required, I will no longer question if getting it was worth it. My job now doesn’t technically require a degree, although I’m pretty sure all but maybe 1 person I work with have a degree of some sort.

    Post # 56
    Member
    4495 posts
    Honey bee
    • Wedding: October 2013

    @MrsPanda99:  I graduated with 80k in student loans. It didn’t affect me getting a mortgage because I’m able to pay those loans (because of the job/salary that I have, which I got because of my degree) and because it’s considered by the bank to be “good debt.” I only have 20K left in loans now (I graduated in 2009) so it hasn’t been quite as stressful as it may seem. That being said, I got really lucky with landing the job that I did, especially in this economy. In general I agree that trade schools are better options right now.

    I graduated with a girl who got a master’s in Philosophy. What the hell are you going to do with that? Then she complains about her mountain of debt. Its nice for someone to follow their dreams, but you need to be practical in your choices too. I’m sorry, but I’m not going to pay for my child to go to college and study something that isn’t going to get them a job when they’re through.

    Post # 57
    Member
    998 posts
    Busy bee

    I definitely had doubts when I was in school but I couldn’t imagine not finishing school. I am glad I have my BA because it help me get more pay in my current job and will put me on a better career path if I decide to stay with the CU.

    Post # 58
    Member
    9681 posts
    Buzzing Beekeeper

    @adoc86:  That’s true. I researched career prospects in my potential field before I got my degree in it. There is no sense getting debt and no job. You are an exception to paying back student loans though – those are not the usual stories that I hear.

    Post # 59
    Member
    1063 posts
    Bumble bee
    • Wedding: February 2014 - Kentucky Center for the Performing Arts

    I voted for the second option. I think education is great. I wanted to continue my learning and education so I received my graduate degree in 2012. However, I do have some regrets now. The biggest is the student loan payment and no job to alleivate the payment. Don’t get me wrong, I have a career from my Bachelor’s degree that pays well, but I don’t have a career for the Master’s degree I received. I think it will take some time based on the market I am located in. One option is to move to another city but I am just stuck right now. I am hopeful that one day it will pay off.

    Post # 60
    Member
    4495 posts
    Honey bee
    • Wedding: October 2013

    @MrsPanda99:  Thats what I did too. I think its crazy that someone spends 4 years of their life studying something and then they graduate and they’re shocked to hear that the field is oversaturated or obsolete! How did you not look into that?!

    Not gonna lie. I was pre-med all throughout college and the prospect of finishing med school with $500,000+ in loans was a big deterrent and a huge factor of why I didn’t apply in the end. No thanks!!

    Post # 61
    Member
    2384 posts
    Buzzing bee
    • Wedding: January 2013

    @renwoman:  im still paying off my student loan for a Social Work degree that i never worked in 🙁 REGRET!!!

    studying and having student loan debt is fine if you are sure what you are studying is right for you. make sure its the right path for you.

    hinesights a bitch!

    The topic ‘Are your students loans worth it?’ is closed to new replies.

    Find Amazing Vendors