I was so afraid of debt I religiously avoided it. But I had another friend who racked up major debt in undergrad and then law school. When I asked him about paying it off, he said he could just get out of it through bankruptcy. Apparently the law student hadn't checked the law on that.
I attended a grad program for just one semester (since I was able to get the first semester as a free trial - but the rest of the degree would have cost $150K and the program was ranked #1 in the US News scam rankings and yet the school refused to give any statistics on employment of graduates. No problem for the women, who all got the entire $180K paid by corporations. A couple of the guys, though, as I feared, were unemployed for over two years... after $180K debt for a program ranked #1 with an acceptance rate well under 5%! One girl needed a job in less than a week to stay in the US, so her boyfriend hired her as a programmer though she had absolutely no knowledge or experience and so she just started getting paid to study CS. By then, I had about completed a CS program at another school but couldn't get a single job offer.
Several of the guys told me their plan to pay off the $180K was to get Bernie Sanders elected so he'd just forgive it. In fact, that's the most common plan I've heard. Very few people want to pay back student loans unless they quickly get a lucrative job and I dunno if I've found anyone (in person) other than me who felt at least a possible moral obligation to pay if I decided to take out the loan.
Really brings into question what type of law education that guy was getting if he didn't know student loans couldn't be bankrupted...I think I learned that from high school...
I attended a grad program for just one semester (since I was able to get the first semester as a free trial - but the rest of the degree would have cost $150K and the program was ranked #1 in the US News scam rankings and yet the school refused to give any statistics on employment of graduates. No problem for the women, who all got the entire $180K paid by corporations. A couple of the guys, though, as I feared, were unemployed for over two years... after $180K debt for a program ranked #1 with an acceptance rate well under 5%! One girl needed a job in less than a week to stay in the US, so her boyfriend hired her as a programmer though she had absolutely no knowledge or experience and so she just started getting paid to study CS. By then, I had about completed a CS program at another school but couldn't get a single job offer.
Several of the guys told me their plan to pay off the $180K was to get Bernie Sanders elected so he'd just forgive it. In fact, that's the most common plan I've heard. Very few people want to pay back student loans unless they quickly get a lucrative job and I dunno if I've found anyone (in person) other than me who felt at least a possible moral obligation to pay if I decided to take out the loan.