| Here is the simple breakdown of college financing | | | | juice on the funds they use to get themselves an |
| economics: | | | | education should be criminal, especially in an era when |
| You can make 25-30K a year out of high school at | | | | 40K a year doesn't get you out of the crappy |
| certain select, albeit crappy, jobs. You can make | | | | neighborhoods anyway. The difference in your year |
| 40-50K out of college at most, albeit crappy, jobs. | | | | that having even 5,000K in debt at 6-9% interest |
| Financial aid products, or student loans, now charge | | | | accumulates to over a week of work per year at |
| interest WHILE you are attending. | | | | most of the jobs your going to get anyway. |
| SO: Should you incur the debt in order to make the | | | | College Degrees are non-transferable assets that |
| supposedly extra income. In most cases the answer is | | | | require 2000 hours per year from the owner to derive |
| no. Most jobs can be learned in about 4 months of on | | | | any benefit from. |
| the job training by anyone with a brain. Also, it's the | | | | Given the choice I would've preferred to NOT have |
| people you know who are going to get you jobs and | | | | the debt and had the four years that I could've been |
| vouch for you anyway. | | | | making money during back. Please do a serious cost |
| Granted you can get to know a whole bunch more | | | | benefit analysis before you rush into getting loans to |
| people on the way to success at college, but you can | | | | go to school and boost your 11 dollar an hour job to a |
| find good people just as reliably on Charging people | | | | 16 dollar an hour job. |