Originally Posted by
Mesabah
Yeah, and the guy I flew with a few months ago, had $200K in college loans at 14% interest. His first $1.5 million in career earning are needed to pay that off. He would have been better off working for Taco Bell, and not going at all.
Also, that $18K figure is people who found jobs with a college degree. Add in people who couldn't find a job, and their career earnings are no more than a HS grad.
Did pay for his education on a credit card? Most student loans are well below 14%. In fact, most government subsidized loans are in the neighborhood of 3-4%. If you got a private loan for a place like ATP, that loan is still down near 6%. If you take $200k from a loan shark, then I feel no sympathy for you. I know LOTS of people who went to great schools and left with little to no debt.