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Public vs Private Unis (pg. 3)
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| Domesticated |
| quote: | Originally posted by gehzumteufel
I am just aiming for a goal in the next 2 years to accomplish. Is that a bad thing? I will have to take out 100k+ in loans, but it. |
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.
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.
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. |
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| nchs09 |
| 100k in loans? Thats the dumbest thing i have ever heard. |
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| JD8180 |
| quote: | 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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| gehzumteufel |
| quote: | 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.
| quote: | 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.
| quote: | 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. |
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| nchs09 |
| I cant think spending so much money is a wise investment. No jobs are guaranteed. |
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| gehzumteufel |
| quote: | 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.
| quote: | 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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| nchs09 |
| quote: | 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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| JD8180 |
| quote: | 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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| gehzumteufel |
| quote: | 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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| Domesticated |
| quote: | 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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| JD8180 |
| quote: | 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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| gehzumteufel |
| quote: | 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.
| quote: | 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 ing clueless too. They are the ones that end up in the worst of the jobs in their field of study. |
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