I have very little sympathy for people who complain about their student loan debt. I borrowed $74,000 to pay for my education and next month I'll have repaid $37,000 of it so far. You take out the debt so you can have a better life. You make the agreement; You pay your debt. It's really not that bad once you stop eating out three nights a week, going for fancy drinks twice a week, going to the movies every week, buying premade coffee every morning, paying for coins for online games, buying designer clothing at retail shops, etc. The crying about student loans annoys me so much.
I do feel bad for the ones that borrow $200k for a $30k job and didn't know any better because they were 18 and literally everyone they trust was telling them to go to college (no matter the cost) or else they would end up working retail/never getting ahead/insert negative outcome here.
Now the couple that makes $200k and belly-aches about their $30k debt and how they can never pay it off/never buy a house/woe is us/money is so hard/we can barely make ends meet people? Them I loathe.
I was going to say just this. It seems like the college debt is good and for the right reasons and improves your life...until it doesn't.
There are plenty of people who don't finish the degree, or get sick while in college or after, or borrow too much money for a non-lucrative degree. And the thing is, teenagers are stupid. I'm kind of just lucky that it worked out for me because nobody was giving me any suggestions way back then.
For fun one of these days, I'm going to make up a spreadsheet on college costs, cost to service a loan, average starting salary, etc. I did it once but didn't save the spreadsheet.
You know, common sense that isn't really that easy to suss out when you are 17 or 18.
"What do you want to be?"
"I don't know"
"Start at CC or state school"
What is the average starting salary for what you want to be?
"X"
Don't borrow more than X.
How much aid did your college of choice offer you?
Well, I'll only have to borrow X * 75% each year!
That means you are borrowing 3X
You won't be able to pay it off.
Don't do it.
The end.