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Personal Finances / Living Below Your Means


Subject:  Re: Don't do this.... Date:  2/25/2014  4:52 PM
Author:  vkg Number:  880441 of 902466

3. Opportunity. So … I can hear the chorus now: “but you don’t NEED expensive college for those things!

Expensive is relative. Most don't need an ivy league education. There are positions that require it, but they are limited.

ROI and risk needs to be evaluated. Taking $100K in loans to be a social worker is rarely a good idea. The results for a medical degree are normally good.

I am watching the different results for siblings. One is finishing up their residency and the other didn't qualify to their chosen graduate school (now working and hasn't applied to a lower tier university). Both have significant loans. The results are going to be very different.
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