Quote:
Originally Posted by kane
You almost have to allow for living expenses of some sort in a student loan. If you are going to a university and taking a full time class load you will have very little time to get a job to pay for food and other living expenses. Sure, people will take advantage of it and abuse it, but a lot of students do it so they can buy food, pay for gas for their car and be able to focus on getting good grades and learning as much as possible.
The main problem is how expensive it is to get a degree. A friend of mine's son just started his freshman year. He is getting the state resident discount. After tuition, dorm costs, books and fees it is almost 22K per year. His parents have told him they will send him some extra money for food and other stuff so best case scenario for him is that he will come out of this 88K in debt. That seems crazy to me.
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I know kids who bust their asses in college and then take on three summer jobs so they have enough to live for the year. Students not doing that aren't taking their education seriously. How hard is it to lifeguard, work at Hollister and cut grass when its the only things you have to do for a few months?
Those same kids will take that work ethic into their careers and succeed while the others that borrowed their living expenses will sit on Facebook at their $40k a year job bitching about work.
Survival of the fittest.