tetrahydrocannabinol wrote: etwake wrote:
This is the dumbest post I have ever read. WHO THE FUCK PLANS ON PAYING OFF STUDENT LOANS FOR 30 YEARS?!!?!??!?!? I mean seriously, forget about getting a house, having kids and everything else because you take home a pitiful $2K a month to live off prior to paying additional loans on your home mortgage and other things you need to buy in life. I guess if you plan on being homeless and living out of a cardboard box, like reasonable_man probably does, then it is all good, but otherwise hell no this isn't a good deal.
???? This is the most reasonable post I've seen so far. Most people I know that spend $150k on a house take out a 30 year mortgage, so what's the problem with taking out $180k in students loans and paying it off over 30 years? If you're only making $60k/yr to start out, then you're options are limited. $2,200 is not a whole lot of money, but its not impossible to live off of for a few years, until you can work your way up the pay scale (Which, believe it or not, your starting pay could possibly increase over time)
Yeah the problem is that you are also going to want tangible things like a house in real life. If you are only keeping $2K a month and then on top of that want to take out another $200K for a home, good fucking luck with that plan. Also, with a house you have something tangible. If it becomes to much you can sell it and in good times you will make a profit off of it. Good luck selling that piece of paper Columbia gives you for $150K.
Your against student loans because you cannot physically touch an education?????!?!?! Hrm... following that logic, the $10k I put into the Dow 6 months ago is useless as well.
You're wrong. You make a very bold assumption that the value of a physical asset (house, car, gold coins, etc...) will be worth more 2,3,or 10 years down the line than a JD from Columbia. You're not going to be making $60k a year forever, its your BASE SALARY. Realistically, you're going to get raises. You're going to settle down with a significant other, adding his/her income to yours.
Think of it like this. The likelihood that you're going to be making 6-figures 5 years down the line is MUCH greater if you finish your JD at Columbia. The likelihood that the value of you're home is going to skyrocket from $600k to $1mil (keeping the ratio's similar), not likely at all. Find me a car that's going to be worth $60k now and $100k 5 years from now. Not gonna happen. Assuming that something is more valuable because you can physically touch it is absurd.