This topic is important to me because its when applying for college that I was educating myself on personal finance. I chose not to take a loan, not to go out of state for college, and to work nights at restaurants and live as frugal as possible to avoid this pending crisis personally. Ive paid cash for every semester so far and will continue to do so until graduation.
Now of course Im not going to personally avoid this crisis. Because of the government backed loans this will again fall to all us. Yay government
For the younger guys on this forum I just want to say a few things. Everything you have heard about college in high school is a lie. You dont make more by going to college. You make more by specializing in high job growth sectors. Majors like music, art, political science, geology, etc are garbage. If you want to make money, research majors with high job growth statistics and go there. In school I remember them always pitching college == $$. Thats just not true. Experience == $$. Its all been a sham. And its another house of cards propped up by a blinded government.
To the rest of you, get rdy its gonna be gross. 1/5 households have student loan debt. Thats GG.
watch this 30 second video
http://www.youtube.com/watch?v=r0HX4a5P8eE
Last edited by BJJnoob; Today at 01:12 PM.
Source: http://forums.ufc.production.sparkart.net/showthread.php?t=132345
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