Comments on: Avoid Student Loan Debt: A College Education Is NOT Priceless

By: Nico

Nico — Fri, 27 May 2011 10:55:11 +0000

You are right! College education shouldn’t be considered priceless! There are definetly more ways out, rather than getting into a huge student loan debt!

By: cpascal

cpascal — Thu, 20 Jan 2011 22:18:52 +0000

There are also a lot of credit-by-exam program through which you can get college credit, like the CLEP exams. A lot of people study for these exams on their own and save a lot of money on college that way.
cpascal´s last [type] ..Low Cost Online College Courses

By: Penny

Penny — Tue, 16 Mar 2010 21:45:12 +0000

I love that you pointed out the retirement aspect. I kept hearing that I should be saving as much as I could when I got out of school for retirement. After paying my student loan each month, there wasn’t anything left to put toward retirement and I didn’t have nearly the debt of most of my friends. No wonder Social Security and Medicare are scheduled to run out of money before I can receive either. People are too busy paying for the education that got them job they will retire from to actually save anything to enjoy retirement.

I totally agree that a great job you love can be worth a lot, but everybody also dreams of a nice relaxing retirement when they can do all the things they love. Early retirement may be a trade off for having a job you only somewhat like during your working years. It could easily be the difference of retiring at 50 and retiring at 80.

By: Money Funk

Money Funk — Fri, 06 Nov 2009 21:34:15 +0000

I’m totally with you on this one! I have $30K of it and I hate having it. Totally a weight on my shoulders. Even more now that the payments started up!

I do think if a child is going to get a college education then to try all avenues before considering a loan. I wish I was taught that. I jumped at a student loan first chance without thinking. It was free money to me. WRONG.

My aunt has a Master’s in Fine Arts, boggled down with student loans (now in her early 60s) and said that she WOUDL NEVER DO THAT AGAIN!

Great post!
.-= Money Funk´s last blog ..Christmas Gifts Under $10 =-.

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Tue, 03 Nov 2009 13:04:11 +0000

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By: Robin Smith

Robin Smith — Thu, 01 Oct 2009 07:57:10 +0000

Me and my son decided to discontinue her work on a Masters degree after three classes, because we just couldn’t see how it would pay off in the long-run… with or without student loans.

http://studentsblog2.blogspot.com/2009/10/tips-on-how-to-avoid-debt.html

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By: Paul @ Fiscalgeek

Paul @ Fiscalgeek — Mon, 21 Sep 2009 18:10:49 +0000

Oh so on the money here. I heard another call not too long ago where both the husband and wife went to Chiropractic school that was ridiculously expensive over $200,000 for the both of them, and then the wife got pregnant immediately and has never practiced. All your eggs in one basket for sure.

I love your tips too. I have some good friends that seem to feel that education is the only way that they are going to get the job that they want, rather than focus on building some good experience. There’s no replacement for doing something especially if you are trying something on for size.

If you can’t afford college right away there’s nothing wrong with working for a time and you just might find your passion outside of school. Go back later and you might appreciate it even more.
.-= Paul @ Fiscalgeek´s last blog ..Sinking Funds: taking Budgeting to the Next Level =-.

By: Sheila

Sheila — Sun, 20 Sep 2009 17:34:43 +0000

I absolutely agree with this! I have so much to say, but everything I start to type would probably offend someone, so I’ll keep my mouth shut. I just wish more people would think about what their degree will be worth and whether they will even be using it in the future before they take out these huge loans.

By: Britt (Your Roth IRA)

Britt (Your Roth IRA) — Thu, 17 Sep 2009 20:19:38 +0000

Well said! My wife and I decided to discontinue her work on a Masters degree after three classes, because we just couldn’t see how it would pay off in the long-run… with or without student loans. Most people look upon that decision as a bad one, but they never factor in the final cost and the missed opportunity cost. They only see a potential “higher” salary.

Also, for the classes my wife did take, she received tuition assistance through her job, which covered 70% of the cost. So that’s another good alternative for avoiding student loans. It’s only once she left her job to stay at home with our newborn that she quit school, and we decided student loans are NOT a good idea from a financial perspective.