Post # 62
@adoc86: I totally agree about research beforehand. I did what I thought was tons of research before applying to grad school. I verified the school’s info, their credentials, track record, etc. In addition I verified the market for my field after graduation and licensure. I even was prepared for the time to get my licence after graduation. What I didn’t count on was halfway through my program the government agency that issues licences completely upended the entire licencing process. Since Plan A is out of reach I’ve moved to Plan B with my degree and I’m actually happier for it.
So I’d add to the sage wisdom of do your research beforehand, adding have a Plan B just in case.
PS – my classmates and I joke that we might be better off if our school closes down, that way we wouldn’t have to pay back our loans.
Post # 63
A HUGE PS thank you to everyone that has responded. It’s awesome to hear so many different prespectives and opinions! You’ll rock!
Post # 64
@renwoman: ahh that sucks!
I agree 110% with you about having a plan B. Like I said, I was pre-med (chem major) and then decided not to go to med school. Then what? Thankfully I double majored because in my mind I was always thinking, “what if I don’t get into med school? What if I decide not to go? What if I don’t like it or don’t do well?”
Its a good thing I had that other major to fall back on or I’d be screwed!!
Post # 65
My children will NOT be forced to go to a 4 year school off the bat like I was! My biggest mistake was allowing my parents to tell me I HAD to choose a major and I HAD to go right into a 4 year school (private at that because my chosen major was not available at any of the local SUNY schools).
All it did was resulted in switching schools 2 years in to a totally different major and a wasted $50,000 which I will be paying off for the rest of my life because of course my new major required a bachelors and masters degree so my total student loan debt is $70,000 so that I could be jobless for 5 years and now making $40,000 a year.
The best part was that in order to “convince me” to go to a 4 year school they said they would pay for half of my schooling. 2 years ago they turned their back on that promise and a HUGE fight insued. Fortunately they did agree to pay again, but things were scary and I fell WAY behind on my loans for 6 months while we were fighting over it (suddenly I had to come up with $400 additional a month when they stopped paying..AHH not on my teacher salary)
Post # 66
@mrspinesol: You’re not being rude – that’s a good question 🙂
In my case, I went back to school because I liked the theoretical aspect of what I was learning, but schooling didn’t really prepare me for what the job was really like. In other words, I had the theoretical knowledge, but not the practical knowledge if that makes sense. It was once I started working in my field that I didn’t really like it. But, because I have so much in student loans, I’m stuck doing what I’m doing.
Post # 67
Well, I Busted my hiney through school, did fantastic, received several awards, and then didn’t find a job in my field for over a year, and during that time I had major doubts, but I landed my dream job almost two months ago (had to move to another state but the hubby and I had already agreed we didn’t want to stay where we were), and now, I can say that it was worth every penny. I use what I learned every day, and I get to do what I love. My student loans are the only debt my hubby and I have, and once he gets a job in our new state, we should have my loans paid off in 2-3 years. Granted, we will be DINKS and living like broke college kids until that debt is gone, and then we can start getting the fun things like new cars, buy a home, etc, with some fun money here and there to take trips to see our family and such.
Post # 68
Totally worth it. I’ve made my money back many times over! I’m the best investment I’ve ever made, but I am Canadian and post secondary is cheaper here. It’s the only way I could have gone to school.
Post # 69
I had a job lined up 6 months before I graduated, as a direct result of the employer contacting me through a school program. I don’t regret my undergrad degree in any way–I got a great education, gained marketable skills, and have a degree from a good school that employers recognize. We’re about to take on a sizeable medical school debt for my Fiance, and unless he decides he wants to be a Stay-At-Home Dad, it will pay for itself many times over.
I don’t think you should take on loans lightly, but if you have a plan/career path that will make them worthwhile, student loans are a great investment.
Post # 70
@renwoman: I do place value on education…that being said…i don’t think the ends justified the means. I have a ton of student debt and can’t get a “decent” (read: well-paying) job for the life of me. I think much of it is the area where I live, but even though I make significantly above minimum wage, I also make significantly less than others who have never even gone to community college let alone have a bachelors degree. And I certainly make less than I’m worth at a company that does not reward it’s employees for anything, ever, at all.
Yay for human services. Not.
Post # 71
I went to law school on a HUGE scholarship, but even so, I’m up to my eyeballs in debt. I’m unemployed and just found a job today on craigslist that paid 10 dollars an hour with no benefits and required the lawyer to work 60 hour weeks. (Let’s just say, I did not apply to that sucker.) Right now, I’m a month into unemployment and feeling very discouraged. My biggest concern is my interest which hovers at around 8% for my federal loans. At this moment, I completely regret my student loans. Prior to attending law school I had a steady, decent income and had never been unemployed (and I worked several positions). Hopefully, my feelings will change once I am again gainfully employed. Ask me in 5 years whether I regret my decision. Hopefully my answer will be different.
I do find it discouraging how many bees are rather judgemental of student loan debt. At the end of the day, most people do need a college education if they want a middle class lifestyle. Jobs that used to go to (and were well performed by) high school grads, now go to college grads. I used to work in HR at a non-profit, and without a four year college degree, nobody got an interview for professional positions with benefits. People who were hired 20 years ago, however, only needed a high school diploma. My supervisor was in the process of requiring every new hire to have masters degrees by the time I left.
Additionally, it is really hard to predict the future. I know several people who went into “in demand” fields (including economics) who ended up among the long-term unemployed for a time. Its impossble to predict what the future will hold for you when you finish your degree. You could end up unemployed, or on disability unable to work long term. Life is a gamble. People start business that fail all the time. They buy houses they cannot afford. Large corporations make risky business decisions. Why, when an 18 year old whose never had a paycheck or bank account, taken out too much in student loan debts and made a poor financial decision, is she judged so severely? As another bee pointed out, it has been drummed into our head that we MUST go to school. Why should holders of student debt be treated any differently from a failed business owner?
Post # 72
I don’t have loans cause I pay out of pocket as I go. I don’t regret my degree cause I love my career and am learning direct things that relate to it. It will be nice to have for the future and I think life’s too short to at least not accomplish one degree. I am still in school but think after I graduate I will be able to find a job that pays more
Post # 73
- Wedding: September 2015 - Ketchum, ID
@country chic: can I ask what you studied and what you’re doing? I love what I’m studying in school, but I want to take an internship if I can to figure out if I’d really like it or not.
Post # 74
@renwoman: At this moment I do not feel my student loan debt was worth it. I graduated in Dec ’12 and I have yet to find a job in my field (Business degree). I work around a bunch of people who have no degree at all and make wayyyyyy more money than I do. With that said I am back in school working on my Masters because I figured a may as well do something while trying to find a job. Maybe one day the cost of education will pay off but by the time I am done with school I will have 80k in student loans so I better get a damn good job.
Post # 75
Mine was. I wouldn’t have been able to get my current job without a bachelor’s degree, and I ended up working for an awesome company that paid for most of my master’s. So taking out loans for a bachelor’s degree turned out to be worth it when I made that initial investment.
I wanted to take summer classes to speed up my master’s, so I did take out a small loan to do that. But my master’s helped me to get a promotion, so it all worked out in the end. Unfortunately, it doesn’t work that way for a lot of people and I knew that a promotion wasn’t guaranteed, so I had a lot of anxiety while I was in school about whether or not it was worth it. :-/
I also went to a state school for both degrees. I saw this economist on the news the other night saying that the “brand” of school doesn’t have much bearing on your future salary, unless it’s Ivy League. So it seems a little foolish to me to take out tens of thousands of dollars more on a private or out-of-state school unless you have a scholarship. To each their own, I guess.
Post # 76
I am happy I went to college. It is where I learned to be who I am today, where I met my incredible friends and where I came into myself.
I regret going because of the incredible amounts of debt I am in for a diploma that has never come in handy beyond people going “ok you’re college educated, good.”
I’m probably in more debt than most due to parental issues though, so my reply should be taken with a grain of salt.