Disturbing Attitude ...

Discussion in 'General Distance Learning Discussions' started by rmm0484, Mar 7, 2013.

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  1. rmm0484

    rmm0484 Member

    All;

    I work with a young lady who graduated from a prestigious DC local university with a BA degree and 200K in private student loan debt. She often quotes the amount of debt as a measure of her worth, as in "Pfft! 200K?... I don't think so..."

    Although she says this in private, I would respect her far more academically if she had gone somewhere less stellar and acquired less debt, since she will be in thrall for many decades, given her desires to work somewhere within the government. As an example, I really admire the kid who attended a local DC area CC, and amassed enough credits to transfer to UMD with few credits needed to complete a UMD degree. Now, that's resourceful!
     
  2. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    I hope it's Georgetown, because then you can tell her she could have gotten a Bachelor's degree through their School of Continuing studies and had a lot less debt hanging over her.
     
  3. ryoder

    ryoder New Member

    I know what you mean. People think that college debt is a measure of the value of their education. Odd.
     
  4. sumtuck

    sumtuck New Member

    WOW! What an odd think to be proud of. My husband and I are very much into homesteading, self-sufficency, and living a debt free lifestyle (minus our mortgage...but that is pretty much unavoidable). I was recently admitted into The University of Denver where the tuition PER YEAR is 39,000 **gulp**. But they offer several scholarships to incoming students and opportunities to work as well. You can also just take one class per quarter instead of going full-time to help balance the cost and pay as you go. I could not imagine coming out with more education debt than my house is worth! That is just insane - wouldn't that be around $1800 ish a month in student loan payment? That is almost the cost of ALL of our monthly bills.

    I would imagine the debt really does bother her but this is just a coping mechanism. I don't think anyone, except the ultra rich, who would be ok with level of debt.
     
  5. Pugbelly2

    Pugbelly2 Member

    I'm not knocking the high tuition costs of elite, private schools. That's for another discussion. However, perhaps a better indication of her true value lies in her inability to make sound financial decisions regarding the management of her student debt relative to her earning potential.
     
  6. 03310151

    03310151 Active Member

    What did she major in?
     
  7. rmm0484

    rmm0484 Member

    I believe poly sci
     
  8. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    Okay, that's good. :speechless:
     
  9. rebel100

    rebel100 New Member

    Nothing new, I don't understand it, but some folks love to wear this kind of stuff on their sleeve like some badge of honor. Used to see it a lot in regards to real estate...at least till the bubble burst and tens of thousands lost their shirts.

    As soon as she can't mange the debt the bragging will turn to pleas for sympathy...personal responsibility is dead may it RIP.

    ....or maybe she's just really immature.
     
  10. rmm0484

    rmm0484 Member

    ...The last one. (I wonder what I was like after just graduating from college... )
     
  11. Kizmet

    Kizmet Moderator

    So like many politicians, she's becoming accustomed to spending money that she doesn't have.:crazy:
     
  12. Pugbelly2

    Pugbelly2 Member

    That made me chuckle. :werd:
     
  13. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    All she needs now is two MBA's and 10,000 posts and she'll be set for life.
     
  14. nongard1

    nongard1 Member

    I have an AA, a B.Min, and MA and am a doctoral student now. ZERO school debt.
    My 17 year old son is going to the state school rather than the private school he WANTS to go to because told him the greatest gift I can give him, and the wisest decision he will ever make - is to earn a degree without a loan....
     
  15. Randell1234

    Randell1234 Moderator

    Very impressive!
     
  16. Pugbelly2

    Pugbelly2 Member

    Now THIS speaks to someone's value. Here is a person who has acquired a tremendous amount of education, yet has no lasting debt because of it. That's savvy business. Further, and more importantly, he's passed along that ethic (and business practice) to others around him. That's leadership.
     
  17. nongard1

    nongard1 Member

    My niece graduates this May with 50k is debt and a Bachelors degree in Communication.
    I think it was immoral for my sister to let that happen....
     
  18. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    But I didn't graduate with $200,000 in student loan debt.
     
  19. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    Where did you do your degrees?
     
  20. cookderosa

    cookderosa Resident Chef

    what can you do- expensive tuition is what it is, and there are people willing to pay. (and pay, and pay)
     

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