I am going to be in so much debt after college. I’ve gotten a good chunk of institutional aid, and I am still waiting on federal and state aid, but the way things are shaping up currently, I will likely be in six-figure debt at the end of my education.
That’s pretty crazy. I don’t pretend to be any kind of expert in finances or anything, but I’m pretty sure 100k is a pretty unfavorable number of anything to owe.
Do I have it better than someone else? Of course. I know there are people out there paying the full sticker price of college or going to a school that charges a lot more in tuition. I’m grateful I am in the circumstances I am in. However, I’m still going to be in a lot of debt.
How did it get to this point?
Yes, I chose to go to this school, being fairly aware of the cost.
But I mean on a larger scale. In a news report, they said that in the past, a college education had a pretty big percent chance (I don’t remember what, but it was probably 80-90 percent) of helping the graduate make more in the future. However, today, college graduates have about a 50 percent chance of doing better, just because the cost of college is so high that the debt cancels out the benefit in the job market. Isn’t that crazy? You flip a coin. If it’s heads, your college education helped you in the long run. If it’s tails, you just shot yourself in the foot (financially).

Picture Credit: The Public Purpose

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