I had a full scholarship for my university and have never taken out a loan. As such, I worked a few hours a week while in school to pay for unneeded expenses. These days I am working on my Masters while working about 35 hours a week. I have enough scholarships to pay for tuition but not enough for rent, food, gas, bills, etc. That said, I'd rather work while going to school to pay for that stuff than take out a loan. Even still just finishing my 10th semester of school I am still dept-free.
Depending on where you go and what degree you get it can be anywhere from 50k to over 200k in debt. You've usually got about 10 yrs to pay that back and a 50k loan is going to be like 600 bucks a month payment, for 10 yrs. If you could graduate debt free or with hardly any debt think about how much money you'd save yourself. Loan interest is a *****!
Most people don't want to spend the next 40 years of their lives working for a corporation just so they can pay back their loans. Many want to live the life they went to school to have.
why not work? = pay stuff off now (which is better) = make friends (you work with) = build resume I don't know why people would not work :?rawsavon
only tools of the oppressive corporate system work man, me i am free from work, i eat trash and poo in other piles of trash, i am like totally off grid.
[QUOTE="rawsavon"] I don't know why people would not work :?rawsavon
*in a childish, whining voice*....... "Because I don't want to. It's not fair. School and stuff should be, like, free and all"
as an employer, I would be happy to see application from people that did not work during college i have not met a lawyer or doctor that did not have working experience before getting their degrees and "starting" their career.
*in a childish, whining voice*....... "Because I don't want to. It's not fair. School and stuff should be, like, free and all"
surrealnumber5
as an employer, I would be happy to see application from people that did not work during college i have not met a lawyer or doctor that did not have working experience before getting their degrees and "starting" their career. I just did not feel qualified to give an answer on hiring from a law firm/hospital POV
Because I don't want to spend the rest of my life paying of loans. I want them out of the way (or prevented entirely, which is where I am right now) early.
And living costs money. Sure, you're saying you'll live on the bare basics, but for the 4 or so years you'll be in school, are you never going to want to go out with friends, buy a few beers, or even need a cell phone for anything?
The interest rate on student loans is ridiculous and nobody wants to pay for that. If students dont have money how are they going to buy a laptop and books?
[QUOTE="rawsavon"] as an employer, I would be happy to see application from people that did not work during college
rawsavon
i have not met a lawyer or doctor that did not have working experience before getting their degrees and "starting" their career. I just did not feel qualified to give an answer on hiring from a law firm/hospital POV I don't know man. I'm in CM and Engineering and I remember back when people my age were graduating from college, I was already worlds ahead of them because of my working experience in these fields. I finished school WAY after they did, and now that I'm in my 30's, they still haven't caught up to me. Not in position, not in responsiblity, not in experience and not in salary. Everyone's story is different though.
[QUOTE="rawsavon"] as an employer, I would be happy to see application from people that did not work during college
rawsavon
i have not met a lawyer or doctor that did not have working experience before getting their degrees and "starting" their career. I just did not feel qualified to give an answer on hiring from a law firm/hospital POV i know my brothers wife is going to john hopkins as an undergrad and is already working in the hospital and she has another year and a half left in her undergrad. with lawyers it is a bit different as in some states you dont even need a degree to stand for the bar, so in theory some go getter could self teach and pass the bar then go into practicing law without ever having done so in the past.
I'm not sure about loans in the States, but here in NZ student loans are interest-free. Yes, I do take everything on loan simply because of that. The more I borrow instead of using existing cash assets the more I gain. It doesn't mean I'm mindlessly and excessively spending though!
You mentioned you are in a tribe (guessing a Native American). But guess what? The majority do not belong to an Aboriginal group that gives them money for doing good in school. Most of us have to work to make ends meet. I lived with bare necessities for 1 year and it sucked. I got by ok, but I was unable to enjoy my time off because I had no money to enjoy myself with. Going out with friends or girlfriends/boyfriends costs money. Video games cost money. Beer costs money. Plus it seems you have no idea how good it is to have disposable income in your pocket :)
You mentioned you are in a tribe (guessing a Native American). But guess what? The majority do not belong to an Aboriginal group that gives them money for doing good in school. Most of us have to work to make ends meet. I lived with bare necessities for 1 year and it sucked. I got by ok, but I was unable to enjoy my time off because I had no money to enjoy myself with. Going out with friends or girlfriends/boyfriends costs money. Video games cost money. Beer costs money. Plus it seems you have no idea how good it is to have disposable income in your pocket :)the_ChEeSe_mAn2
i think everyone should know what it is like to go without for at least a year before the age of 20
Going to college and getting a job is a must if you plan to live off campus, which eventually most will want to do. Living on campus all four years while you are getting your B.A. can get old for some. Also, many go for their M.A., which can take another 1 1/2 to 3 years.
[QUOTE="the_ChEeSe_mAn2"]You mentioned you are in a tribe (guessing a Native American). But guess what? The majority do not belong to an Aboriginal group that gives them money for doing good in school. Most of us have to work to make ends meet. I lived with bare necessities for 1 year and it sucked. I got by ok, but I was unable to enjoy my time off because I had no money to enjoy myself with. Going out with friends or girlfriends/boyfriends costs money. Video games cost money. Beer costs money. Plus it seems you have no idea how good it is to have disposable income in your pocket :)surrealnumber5
i think everyone should know what it is like to go without for at least a year before the age of 20 1 year? Try 4 years :P My mother was the only one who had clearance to work in USA, so I wasn't able to work during high school.
[QUOTE="the_ChEeSe_mAn2"]You mentioned you are in a tribe (guessing a Native American). But guess what? The majority do not belong to an Aboriginal group that gives them money for doing good in school. Most of us have to work to make ends meet. I lived with bare necessities for 1 year and it sucked. I got by ok, but I was unable to enjoy my time off because I had no money to enjoy myself with. Going out with friends or girlfriends/boyfriends costs money. Video games cost money. Beer costs money. Plus it seems you have no idea how good it is to have disposable income in your pocket :)surrealnumber5
i think everyone should know what it is like to go without for at least a year before the age of 20 Even though I work, I've had to go without for the past couple of years. Right now I live with my parents because both of them lost their jobs when the economy tanked in 2008. They went from having $100,000 a year to around $20,000. This happened right as they were going through a divorce, so that made money even more tight. Eventually both of them had to file for bankruptcy. I went from being spoiled to being poor VERY quickly, but it did me a ton of good. :) I know how to manage money now. Which is helpful because I plan to move in with my fiancee in the next couple of months now that my parents are getting back on their feet.
[QUOTE="surrealnumber5"][QUOTE="the_ChEeSe_mAn2"]You mentioned you are in a tribe (guessing a Native American). But guess what? The majority do not belong to an Aboriginal group that gives them money for doing good in school. Most of us have to work to make ends meet. I lived with bare necessities for 1 year and it sucked. I got by ok, but I was unable to enjoy my time off because I had no money to enjoy myself with. Going out with friends or girlfriends/boyfriends costs money. Video games cost money. Beer costs money. Plus it seems you have no idea how good it is to have disposable income in your pocket :)Amnesiac23
i think everyone should know what it is like to go without for at least a year before the age of 20 Even though I work, I've had to go without for the past couple of years. Right now I live with my parents because both of them lost their jobs when the economy tanked in 2008. They went from having $100,000 a year to around $20,000. This happened right as they were going through a divorce, so that made money even more tight. Eventually both of them had to file for bankruptcy. I went from being spoiled to being poor VERY quickly, but it did me a ton of good. :) I know how to manage money now. i went from a house hold making 150k till age 9ish when my parents split, pops was making 50 the 50k and he ended up keeping the house and my brother and i, in exchange he also needed to mortgage the house and gave my mom 40k cash. people become unspoiled real fast when strife is forced on to them
[QUOTE="surrealnumber5"][QUOTE="the_ChEeSe_mAn2"]You mentioned you are in a tribe (guessing a Native American). But guess what? The majority do not belong to an Aboriginal group that gives them money for doing good in school. Most of us have to work to make ends meet. I lived with bare necessities for 1 year and it sucked. I got by ok, but I was unable to enjoy my time off because I had no money to enjoy myself with. Going out with friends or girlfriends/boyfriends costs money. Video games cost money. Beer costs money. Plus it seems you have no idea how good it is to have disposable income in your pocket :)the_ChEeSe_mAn2
i think everyone should know what it is like to go without for at least a year before the age of 20 1 year? Try 4 years :P My mother was the only one who had clearance to work in USA, so I wasn't able to work during high school. *at least one year* i have had my fair share but what ever amount would let the person understand the true value of what most take for granted
People always regret taking out loans, I would not want to be paying that stuff years later. Also people need money to go out and have fun. It is hard to enjoy life when you are broke.
Not everyone is eligible for student loans. Financial aid helps, but unless you have a sports scholarship or simply high grades and ambition, you'll likely be seen as unimportant beyond filling the classroom and will be treated as such IMO.
I've saved enough money to pay off most of my first year of college this upcoming year working the last few years which is really nice. I don't plan on working during the school year (coming back to work during breaks and summer) but I don't know what I'm going to do after that, going into engineering which requires an insane amount of study time. Ideally after the first or second year I will pick up a part time job during the school year because like many people I simply can't afford not to.
A lot of people don't want to be paying their debt for ther next ten -twenty years.Travo_basic
If paying debt off takes ten to twenty years with an actual job that you attained after graduation, what difference does a minimum wage job make when doing it for four years at university?
I needed a job and student loans. That's what happens when you are 100% self sufficient by the age of 18. It's expensive to pay all your own bills, and expensive to go to college.
[QUOTE="Travo_basic"]A lot of people don't want to be paying their debt for ther next ten -twenty years.Hexagon_777
If paying debt off takes ten to twenty years with an actual job that you attained after graduation, what difference does a minimum wage job make when doing it for four years at university?
You assume jobs you get while in school are minimum wage. My first two years I consolidated student loans for 12/hr, which isn't a ton, but it works. After that I got my internship making 20/hr or so. So jobs during school definitely help. And it's not hard to get a part time processing job for 10+/hr. They are just boring as hell.
You will want to work during school especially in a field that pertains to your degree. If you go all 4 years without any work experience then try to apply somewhere with a piece of paper that says you can be trained like a monkey then good luck on your job hunting you will need it.
So should I just go to a online school in my free time my first year then get a part time job that pays more than minimum wage? I think that would be the best solution.
If your school offers work-study programs, then it's basically like getting paid to do nothing (or do your homework). You'll also usually get around $15 an hour too.
because student loans are a really really dumb ideamems_1224
In the top 5 of best educational country's the majority uses student loans but yea, it's a horrible idea that has a great negative impact on the welfare and economics of the country..
A lot of people don't want to be paying their debt for ther next ten -twenty years.Travo_basic
This
beer costs money.comp_atkins
And this.
Also I'm on federal work study so I have to be employed while at school. But even if I wasn't on that I would still have a job. I live in the college townhouses so I need money for food and such.
Most people don't have mommy and daddy to give them money. College is your path way to adult independence and responsibility. Also, if you get a job related to your degree you get this good thing called work experience that you can put on another thing called a resume.
I fall into an area where the loan doesnt quite cover all the fees so I needed a job to be able to pay for stuff. The first year when I didn't I ended up in £750 in debt not counting any loans so yea I didnt want that to happen again
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