What was your financial status when you graduated college

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Discussion Overview

The discussion centers around the financial status of individuals upon graduating from college, exploring various experiences with debt, savings, and financial strategies. Participants share personal anecdotes related to their undergraduate and graduate education, including the impact of tuition costs, scholarships, and work experiences.

Discussion Character

  • Exploratory
  • Debate/contested
  • Personal narratives

Main Points Raised

  • Some participants report graduating with zero debt and savings, while others express significant debt levels, with figures ranging from a few thousand to over $60,000.
  • Several individuals mention strategies to avoid debt, such as attending state schools, working part-time, or taking courses part-time.
  • Some participants highlight the burden of debt associated with higher education, questioning the value of degrees in relation to the costs incurred.
  • There are anecdotes about financial support from parents and the impact of scholarships on reducing debt.
  • Some participants reflect on the financial sacrifices made during their education, including lost income and the costs of living while studying.
  • Concerns are raised about the rising costs of education and the implications for future graduates, particularly in relation to pursuing advanced degrees.

Areas of Agreement / Disagreement

Participants express a range of financial situations, with no consensus on the best approach to managing education costs. Disagreements arise regarding the perceived value of attending prestigious institutions versus state schools, and the adequacy of financial support available to students.

Contextual Notes

Some participants note that their experiences may not be typical, highlighting the variability in financial situations based on personal circumstances, such as family income and geographic location. The discussion reflects a diversity of perspectives on the financial implications of higher education.

Who May Find This Useful

Individuals considering college or graduate school, those interested in understanding the financial landscape of higher education, and current students seeking insights into managing educational costs may find this discussion relevant.

  • #31
Education is waaaaaaaaay more expensive than it used to be and it's steadily rising each year.
 
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  • #32
0xDEADBEEF said:
Why would anyone be in dept after college when everything is paid for by the government?
Go Europe! Go Europe!
Unless of course you live in the UK where you have to pay around £3.5k tuition per year, plus living expenses.
 
  • #33
Hootenanny said:
Unless of course you live in the UK where you have to pay around £3.5k tuition per year, plus living expenses.
Oh that island thing...
Go Eurozone! Go Eurozone!
 

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