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100k in loans? Thats the dumbest thing i have ever heard.

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Originally posted by nchs09 100k in loans? Thats the dumbest thing i have ever heard.

unfortunately, an education at a well known university can be worth that much

but your education is sometimes an investment, and if it is guaranteeing him a job starting at 80k, then it may be very well worth it.

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Originally posted by Domesticated No, I think that's very admirable. I'm just surprised that someone from a welfare background is talking about such huge amounts of money for education, which can be daunting even for wealthy families.

Oh believe me, this has not been an easy decision. I have been mulling over the whole debt thing for a while now. I thoroughly HATE debt so I see where you are coming from there.

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Personally, I wouldn't want that kind of debt hanging over my head. I'd rather start on $35,000 and work my way up, so that four years later when my alternate reality self has finished university and is earning $80,000 a year, I'm earning $70,000 a year and have saved $20,000, taking me $120,000 ahead of my competitor and only losing out by $10,000 per year, meaning it will take him 12 years to catch up, provided the ratio between our salaries remains the same.

See that is the thing. You go to a school like Stanford, Yale, Cambridge (UK), Princeton, MIT, you more often than not, are going to come out making significantly more than 80k/yr to start. Usually closer to 120 if you had some sort of co-op program. So while you are making significantly less per year, I am paying off my loans quite fast and then saving lots of money.

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It depends on what you want to do though. If you want to become a solicitor or an engineer, then of course you need education, but if you're interested in something like real estate, it's possible to work your way up and outdo people with a better education that you on pure intelligence and hard work.

Yeah, I will be a Mech Engineer. What I will specify in, I am unsure. I was reading a thing about how ones that specify in nuclear mech eng are in high demand now, and will be for a foreseeable time. Stanford and the likes are the only places that still have these programs in the US.

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Originally posted by nchs09 100k in loans? Thats the dumbest thing i have ever heard.

Yeah? Well it all depends on what you want to do. Among lawyers and engineers this is quite common.

I cant think spending so much money is a wise investment. No jobs are guaranteed.

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Originally posted by JD8180 unfortunately, an education at a well known university can be worth that much but your education is sometimes an investment, and if it is guaranteeing him a job starting at 80k, then it may be very well worth it.

Exactly.

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Originally posted by nchs09 I cant think spending so much money is a wise investment. No jobs are guaranteed.

False. Certain fields, you are handed a job by companies before you graduate, that is available as soon as you graduate.

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Originally posted by gehzumteufel Exactly. False. Certain fields, you are handed a job by companies before you graduate, that is available as soon as you graduate.

No job is guaranteed as in... If you get laid off, or something happenxs, you will be stuck with an outstanding debt.

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Originally posted by nchs09 I cant think spending so much money is a wise investment. No jobs are guaranteed.

you're right that no jobs are guaranteed, but if he's doing something so specialized then people with his education are probably in demand.

I am working on my degree in accounting, and all firms (even small local firms) spend big money for recruiting events at all schools trying to get students with the right education. That shows that we are in demand if they're making the effort to come out and look for us.

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Originally posted by nchs09 No job is guaranteed as in... If you get laid off, or something happenxs, you will be stuck with an outstanding debt.

Assuming you work at a place for 1 year, making 120k/yr, and you have 130k in loans, you pay off 80k of that in 1 year, you are sitting pretty.

Also, the great thing about certain fields, is the demand is huge, and it doesn't matter if the company goes bust, you can find another job in a short few weeks.

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Originally posted by gehzumteufel False. Certain fields, you are handed a job by companies before you graduate, that is available as soon as you graduate.

False.

You're handed a job if you impress them. If you finish in the bottom half of the class and arrive at your job interview wearing cargo pants, they're going to find someone else.

Past that though, you are correct. Many jobs can be "walked" into with the correct education.

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Originally posted by Domesticated False. You're handed a job if you impress them. If you finish in the bottom half of the class and arrive at your job interview wearing cargo pants, they're going to find someone else. Past that though, you are correct. Many jobs can be "walked" into with the correct education.

Well that's a given, and GPA's always make a difference. But I think if someone is going out of there way with such a degree and getting so many loans, then they are willing to put the effort in their schooling to keep the grades up.

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Originally posted by JD8180 you're right that no jobs are guaranteed, but if he's doing something so specialized then people with his education are probably in demand. I am working on my degree in accounting, and all firms (even small local firms) spend big money for recruiting events at all schools trying to get students with the right education. That shows that we are in demand if they're making the effort to come out and look for us.

Exactly my point. They aren't looking for you for no reason. They are looking because they have such slim pickings that they have to compete for available people. There are more jobs than people entering the workforce.

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Originally posted by Domesticated False. You're handed a job if you impress them. If you finish in the bottom half of the class and arrive at your job interview wearing cargo pants, they're going to find someone else. Past that though, you are correct. Many jobs can be "walked" into with the correct education.

Well they also are fucking clueless too. They are the ones that end up in the worst of the jobs in their field of study.

If you use your AAA card at UCSD, you get a free bookmark and bumper sticker. The bookmark is especially important because it is completely blank, almost like they cut a blank piece of construction paper into a 2x6 rectangle, leaving you with a valuable place to store notes, reminders and.......

oh GOD. MONEY DOWN DRAIN


If Obama becomes president, NASA goes under. If NASA goes under, I go under. If I go under, unified field theory goes under. If UFT goes under, the terrorists win.


Oh, and now that I read the first post, go to a community college to fill University pre-requisites and then transfer.

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Originally posted by SuspicionVandit Oh, and now that I read the first post, go to a community college to fill University pre-requisites and then transfer.

For the third time (first in original post, 2nd to sunsnail ()) I am.

JC = Junior College = Community College = College.

This 50,60,70k/year after school sounds nice but here is a reality check.

-Taxes
-Health-care
-401k(if you want)
-transportation(car or rial)and if a car you will need to finance or lease,car insurance, gas, maintanance
-the biggest one:where you will live:Home with your parents for a few years or go on your own??

so basically take your paycheck and take away 75% of it.

Oh yeah I forgot to factor in going out with friends.

My advice..Get your BS then your Master's ASAP. You will have saved alot of stress unlike me.

And good luck. Choose a state school and save some $$

PS. wonder what the Stock Market will look like the morning after the prk bill was finally passed

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Originally posted by JD8180 they are willing to put the effort in their schooling to keep the grades up.

Effort is one thing, but some people just aren't academically smart.

My old man failed his final year at one of the most "exclusive" private schools in this country. At their last reunion of 200 odd people, he was amongst the top ten most successful.

The nine or so others around him were also awful at school, and several of them also failed. The most successful now owns his own clothing label and 100 stores nationwide, amongst other pursuits.

I also know another young guy personally who failed his final year in 2002. He borrowed $5000 from his parents and started buying some obscure part that motor scooters need to operate. By 2005 he owned two factories in China and was a multi-millionaire.

Education will get you a long way, but real intelligence and pizzaz will get you far further.

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Originally posted by Trancealot This 50,60,70k/year after school sounds nice but here is a reality check. -Taxes -Health-care -401k(if you want) -transportation(car or rial)and if a car you will need to finance or lease,car insurance, gas, maintanance -the biggest one:where you will live:Home with your parents for a few years or go on your own?? so basically take your paycheck and take away 75% of it. Oh yeah I forgot to factor in going out with friends. My advice..Get your BS then your Master's ASAP. You will have saved alot of stress unlike me. And good luck. Choose a state school and save some $$

He factored in $40,000 a year for living, which is more than enough to cover all that.

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Originally posted by Trancealot This 50,60,70k/year after school sounds nice but here is a reality check. -Taxes -Health-care -401k(if you want) -transportation(car or rial)and if a car you will need to finance or lease,car insurance, gas, maintanance -the biggest one:where you will live:Home with your parents for a few years or go on your own?? so basically take your paycheck and take away 75% of it. Oh yeah I forgot to factor in going out with friends. My advice..Get your BS then your Master's ASAP. You will have saved alot of stress unlike me. And good luck. Choose a state school and save some $$ PS. wonder what the Stock Market will look like the morning after the prk bill was finally passed

Yeah because 75% is taxed . I live in California where we have relatively low taxes, higher wages than the average job on the east coast, but otherwise similar cost of living.

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Originally posted by Domesticated Effort is one thing, but some people just aren't academically smart. My old man failed his final year at one of the most "exclusive" private schools in this country. At their last reunion of 200 odd people, he was amongst the top ten most successful. The nine or so others around him were also awful at school, and several of them also failed. The most successful now owns his own clothing label and 100 stores nationwide, amongst other pursuits. I also know another young guy personally who failed his final year in 2002. He borrowed $5000 from his parents and started buying some obscure part that motor scooters need to operate. By 2005 he owned two factories in China and was a multi-millionaire. Education will get you a long way, but real intelligence and pizzaz will get you far further.

I have always said that university education is not for everyone. There are somethings just left to people that do it well, and going to school is one of them. If you struggle too much you will hate it and quit or fail. Might as well not waste your time and money at it.

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Originally posted by Domesticated He factored in $40,000 a year for living, which is more than enough to cover all that.

I was making 40k/year last year and it was overall quite fine for me. I had a few things I was taking care of (tickets and shit) but I was by no means living in some shithole with no money.

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Originally posted by gehzumteufel I was making 40k/year last year and it was overall quite fine for me. I had a few things I was taking care of (tickets and shit) but I was by no means living in some shithole with no money.

I thought you were jobless up until 6 months ago when you made that triumphant thread?

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Originally posted by Domesticated I thought you were jobless up until 6 months ago when you made that triumphant thread?

I lost my job at the very end of Feb this year. Was jobless for 3 months from then. Then found a job. I make 10k/yr less.

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Originally posted by ******** Quebec has really cheap CEGEPS. Quebec is one of the lowest cost places to go to school. If I didn't get free money attending here I'd consider going to a Quebec Uni - once I get my french skills higher. Especially if I could get an exchange or french study program.

You have Waterloo U there. They are like the MIT of Canada. And you have access to OSAP and other similar things.

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Originally posted by gehzumteufel That is the thing, cost wise they are basically the same. Stanford, if you consider all the fees (they also include a 12k housing figure in this fee) is 52k. UCLA, not including housing, is 38k. They are basically the same. So cost is kind of moot between them.

how the hell is ucla 38k?


http://www.registrar.ucla.edu/Fees/...adfees08-09.pdf

for ca residents, school fees are only $8,309.

what do you think you will be doing as a nuclear mechanical engineering? ive never heard of that before and i have no idea what it would entail.

if the US job market is the same as here or England you will have no problem getting a job in any type of mech eng field

Yeah dude, if you live in cali any UC will be MUCH cheaper than 50k/year.

Also, no engineering degree will be getting you close to 120k/yr fresh out of college with your bachelors. You'll probably be looking at the 50k range.

Wouldn't you qualify for need-based financial aid at Stanford?

Re: Public vs Private Unis

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Originally posted by gehzumteufel Anyone have any good reasons for going one way or the other? I am starting school in Jan at a jc just to get the Gen Ed out of the way and transfer credits, but I am torn on whether to look at going to a public or private uni. Cost is not a serious difference as UCLA, Stanford, and USC are all at 36kish/yr.

I like how you're American, yet used the term "Unis" to appear European and hip. Kudos.

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