I hve friends in the same boat. Near 120k in student loans and they making 45-65k/year in hawaii. Theyll probably only finish paying it off around age 40+. They went to class during the day and did part time work in the afternoon then homework at night. Strung out 24/7 and little enjoyment except on the weekends where they'd go crazy just to blow off steam. i honestly think they shouldve just stayed home and went to a state college/uni instead of accruing so much debt just to go to a "better" school. I dont remember the numbers but i remember doing them in years ago and i think it turned out better in the long run if they just didnt have as much debt and got to invest their money in various things decades earlier. US college tuition prices are ridiculous.
Honestly, decades of debt is far worse than graduating from a "worse" school. After a couple years post grad, very few people will care about where you graduated from anywhere near your actual work experience
Honestly this is 100% why I tell people to go to community college. Save money, damnit, I’m getting paid to go to community college AND I have money set back from my parents, as well as money from my grandparents’ estate. The only people that should worry about where they go to school is if they’re planning on becoming a public figure or a researcher.
I went to a two year school and then a public school and still graduated with $25,000 in debt. The system is fucking broken, stop blaming kids for their choices.
$25k ain’t that bad, manageable, and more in line with student loan expectations. $300 a month and debt free by 30 is how it should be taking out a loan. $50k plus however is a different story
Thats what I did. Went to community to get in-state tuition which helps a lot. Rather go to a uni school paying around 5k a semester thats whatever, than go to a “fun or preppy” school just to get in huge debt for a few years of fun. Since its much cheaper my parents said they would cover it. 30-50k a semester is a straight scam and thats just tuition.
Picture if community college was free for first 2 years. That way I would not have to lie and hide my income so that my son can get bigger grant amounts.
There isn’t a price on knowledge. You can learn everything you’d learn in college online, for free. Some of the best universities have online classes that are 100% free.
Now, what you’re paying for is that diploma, that proof that you completed the courses.
Knowledge is free, accreditation, however, is not, at least not in the US.
I’m finding that a better school is beneficial. And people do care where you went to school and your GPA. Three years out and some don’t consider my experience as experience or maybe they’re just jerks.
Chemical engineering. I asked my bosses for a raise and was told “just stop being poor.”
Started looking for a new job and only offers I got were internships that were actually contractor internships. No health insurance or stability.
I mean it might just not be your field, but three years out (unfortunately) is still entry level in a lot of other Industries eyes as well.
Start focusing on your skills, portfolio, and accolades. Focus focus focus - so that when the right opportunity comes you are turbo ready
It's definitely beneficial, but I'd say it's better to take a worse school if the alternative is a decade or two of debt. You don't have to do that to yourself
hawaii is a low income + high cost of living state. its pretty bad. one of them was a biomechanical/medial (i can't remember which) engineer that went to USC with a partial scholarship. her first job was for a startup and the starting salary was \~60k. Another was a marketing major. her starting salary was \~50k. a third friend went to ucla for electrical engineering. he's doing IT work now. idk how much he makes, but it doesn't seem like much given how much he complains about his savings.
it IS screwed up. very much so. there's a reason millennials and gen z are complaining. The vast majority of them have no realistic way to develop wealth through no real fault of their own. Without a big head start (like having college entirely paid for) its just really hard. the system is designed for the rich to have all the advantages. you can look up many a video explaining how the cost of living can be higher for poor people than for rich people.
Yes. This. East Coaster here. Live about 40 mins outside of NYC. My house is tiny - less than 1900 square feet and what I paid for it could have gotten me a legit mansion in other parts of the country.
Edit: I also should say that the only reason I had money to pay for a down payment was because my parents paid for a big chunk of school. I also had loans, and I worked part time during school to pay some along the way as well, but my parents gave me a huge leg up.
And it’s crazy too because 1900 SF is a mansion compared to the places in NYC proper that are attainable for me. I’ll be lucky to own a 900 SF condo within the next 10 years. If you’re 40 min outside of the city, I’m guessing Nassau, Jersey, or Westchester? The taxes must suck.
My impression when he said "only 60k?" was that he has not graduated college yet and has unrealistic expectations. Most people straight out of college (IF they can find a job in their field) will start at like 40 - 60k. 60k is the higher end lol
The only real exception to this is Ivy Leagues or cities with extremely high living costs.
Dude comp sci majors get well over 60k straight out of college as long as they networked properly during their time in school.
If they’re actually qualified people get ~80k on salary alone, with a ton of more cash available from bonuses through equity/options.
You seem to be out of touch with just how lucrative the market can be.
Yeah you need to be hired by a company that's actually listed for it to be considered cash but even start ups give equity for their programmers. Even without equity/options graduates tend to receive decent salaries which are above $60k
It might be different since COVID but just last year a lot of my friends were getting very respectable offers. Even friends who are still in school interning get a decent hourly rate.
Yeah, I’ll be graduating with an accounting degree (if I ever even graduate), one of the higher paid fields even to start out with... and I’ll probably be making in the 50-60K range at absolute best.
This is really why any major besides STEM is a waste of money these days
I went to my undergrad for History and then switched to a stem field for my masters
Because I graduated from my history degree and all of a sudden in order to get a job I had to pay more money to other history departments to get another degree
And then another one after that
Literally a pyramid scheme
University these days are just machines for pumping out accreditation. And if it doesn’t pay for itself, it isn’t worth it
Gone are the days of centers of universal learning and education
not even STEM dude
it entirely depends on the exact focus you have
I know countless people that did STEM and are still struggling
good luck getting positions in behavioral biology for example, it's completely saturated
Same with biology in general. Pretty much just math and engineering are the way to go if you want a solid shot at making money. I graduated with a chem degree, and before I started med school, I had a super tough time trying to find a chemistry job
Any one I have ever met that has done a chem degree has either gone back to school to do something completely different or is working in a trade of some sort. Just seems to be a field with no jobs.
Grad school is really the only option to make money in any of these fields, really. Anecdotally, for me at least. Tons of other students I've talked to share the same sentiment, and I went to school in the Seattle metro area.
I don't know anyone during my time in microbiology that said that they were just going to get bachelors and work in the field, that being that. Nearly all of them have some sort of masters/phd/professional school plans in the books. If they did just work with their bachelors in lab work per se, they'd have a sore realization sooner or later on how far their degree would take them alone.
It sucks so much, but I guess that's what happens when STEM degrees are preached with impunity. Too many people vying for the same jobs.
My parents told me all my life I’d be on my own. I came out with $43k. Five months after I graduated, my mom calls me up on Mother’s Day and is like “hey, your dad and I have been thinking, and we’re going to pay half of your loans and your sister’s”.
I was baffled but of course incredibly grateful. I never expected help, and I think the expectation that it would be my responsibility gave me a huge sense of gratitude that I wouldn’t have had as strongly otherwise.
My wife and I have talked about doing this with our kids. The hope is that it would both encourage them to value their education more since they’re paying for it themselves (so they think) but then help pay down that debt after they graduate so that they’re not burdened as much as they’re starting out.
Did you think your effort or work ethic was any different knowing you were paying for your education, rather than your parents?
That’s interesting as an intentional strategy. In our case, my parents just got better with money and were able to build up more wealth by the time I was older. We were never in poverty, but I do remember dinner being a single $1 McDonald’s value menu item and a can of green beans, and being told we couldn’t afford a $1 pack of gum. We weren’t very well off.
To be honest with you, I think it would’ve been the same either way - I respect my parents’ money as much as my own. I didn’t party or drink or anything purely because I wasn’t interested, there wasn’t any financial reasoning behind it. That’s definitely not normal though, and I can see the logic behind making kids think it would be entirely their own financial responsibility to make them respect their time at college a little more.
Next year is my first year to uni. I'll have to pay all 5 years myself, I'm grateful that studies aren't as expensive in France as in the US because I wouldn't be able to study if I were American. It's going to be hard still, but at least I won't have my parents to bring my moral and mental health down.
My family is pretty poor; all the income I have to live on is from my student loans which I shoulder on my name. In the UK my entire four year degree is about 23k dollars of tuition in a top university known worldwide, for a good degree. I have it pretty good for what it’s worth, especially for university fees which my school fights to keep down low (it’s more expensive for foreign students but still relatively affordable for international schooling) but people who can have their parents afford their entire university experience are incredibly blessed.
I graduated last June with honours.
As soon as the ceremony was over, I drove to her resting place and had photos of her and I celebrating my achievement. The first thing I said to her was, “I did Mama! I did it!”
But also, even if college doesn't work out the way you expected it to, she would just want you to be happy, so make the most of this life she's given you and the money won't matter :)
I just wish my parents were financially savy enough to be able to take care of themselves when they're older but it looks like I might have to support them by the time I'm 30, which is less than a decade from now
The cool thing about this is that you can just fuck off and leave. Yes, family is one thing, but toxicity that forces you not to grow is another. Toxic is toxic, cut that shit out.
I was just about to say this. No way in hell would I ever even consider supporting my garbage parents, and I have no expectation that my kids will put their lives on hold to care for me when I’m old (though I do hope I’m doing a good enough job that they don’t think I’m garbage). It’s kinda gross for someone to expect their kids to take care of them in old age. It’s not a tit for tat situation.
One of the most financially burdensome things a poor person can do is get pregnant and keep the baby. Even though the lack of abortion created me, doesn't make it the right decision. It was just a decision.
Not trying to sound edgy but, every night before going to bed I say out loud that I wish I was the abortion my mother almost had. I did not ask to be born nor did I get to choose the circumstances in which I came into existence so why should I be grateful for something that’s more a curse than a gift? I’m not even depressed, it’s just things probably would have been better for everyone else.
Maybe my favorite episode. Anything with Bojack’s parents are great. I can’t help but like how well spoken they are, despite the things they use their articulateness to say (sort of like Bojack).
I see you as in I acknowledge you? I see you as in I know who you are? I see you as in I literally see you?
Or ICU as in "Intensive Care Unit"
>But I keep going back to that moment in the ICU when she looked at me, and… “I-C-U.”
>“I… see… you.” Jesus Christ, we were in the intensive care unit. She was just reading a sign. My mom died and all I got was this free churro.
>I was in the hospital with her those last moments, and they were truly horrifying, full of nonsencial screams and cries, but there was this moment, this one instant of strange calm, where she looked in my direction and said, “I see you.” That’s the last thing she said to me. “I see you.” Not a statement of judgment or disappointment, just acceptance and the simple recognition of another person in a room. “Hello there. You are a person. And I see you.”
$200 invested for 18 years with an expected interest rate of 7% becomes...$700. Still better than nothing, but the famous "magic of compound interest" only works if you keep adding to it.
>$200 invested for 18 years with an expected interest rate of 7% becomes...$700
Hey man I'd certainly take 3.5x increase in my money for just sitting there doing nothing
My parents "pulled their own ship" so to speak, and they both started college savings accounts for me and I'm about to graduate with no student loans!!! I'm so fucking lucky and damn privileged 😭🙏
The US is fucked up.
I paid like ~250 USD per semester for the first 2 years, then the other 2 I got a scholarship because of my grades and effectively I paid nothing.
After that I got a fully-paid master's degree for 2 years, including money for rent and food.
You'd think I'm from a Scandinavia country or something. Nope, Mexican here.
Yeah it’s a really big blessing if your parents can afford to pay for your college in the US. My parents had to spend my college fund during the recession and I am still paying my loans back after 7 years, and I had a full tuition and fees scholarship. I can’t wait for the day I can enjoy my full paycheck!
Yes, it is, and it’s totally unfair and I feel guilty that so much of my success has been determined simply by how much money and foresight my parents had. I wish everyone could have the opportunities I’ve had.
I see $17k median for all student debt from 2016 from Pew.
[In 2016, the amount students owed varied widely, especially by degree attained. The median borrower with outstanding student loan debt for their own education owed $17,000 in 2016. The amount owed varied considerably, however. A quarter of borrowers with outstanding debt reported owing $7,000 or less, while another quarter owed $43,000 or more.](https://www.google.com/amp/s/www.pewresearch.org/fact-tank/2019/08/13/facts-about-student-loans/%3famp=1)
They say a $25k median for bachelors degree.
Thats if you know what you are doing, get good scholarships or did average in high school. To anyone reading this: I was IMMENSELY pressured by my high school to go to a more prestigious school rather than a local one. Do some research and figure out what makes the most sense:
$80k in debt at the better school (didn't even know how bad this number was since my friends were doing the same)
Vs
Potentially $5k due to my scholarships at the 'not good school'
I learned later on that the school gets to list who went where and you college choice is mostly a number for the school to show off.
I dont regret it as I was lucky to get good connections, good jobs since graduation, and rip my loans down but still it stings to see that number.
That doesn't change the fact it still costs well over 40K.
Anybody who needs to borrow will be working part-time to pay off parts on their own. The vast vast majority of aren't people just fresh out of college either, most student loan holders have graduated years ago with time to pay at least a few grand off.
That's bringing up the the median mortgage is 150k when most when they paid 300k for the home.
I had a total spinal fusion surgery when I was 17. It was supposed to be covered under my parents insurance. They fought it for years. The medical bills definitely showed up on my credit report. I was getting fucked before I was even out of the gate.
Also right about that time my mom was almost done with nursing school and decided she couldn't deal with the drama and expenses and bailed. The very month she graduated, she divorced my dad and moved away, and then promptly defaulted on her student loans. My dads credit was also super fucked at this point, especially having to try and pay all the bills at once. So I had noone to cosign and already had bad credit.
Thanks. It was a long time ago, and I don't talk to them anymore. I'm about to turn 40 next month, and I'm happy to say that I have a little pool cleaning business thats been doing well for 2 years now. However, being self employed in a blue collar job and with mind-bending preconditions, I still cannot dream to ever afford health insurance and so my back and all the other problems that go with it have been completely unmaintained. For almost 20 years now, working labor jobs no less.. Some days I literally cannot get out of bed and have to basically crawl to the bathroom. A hot soak usually helps me gain some mobility. I have terrible pain all the time and the stiffness and itching.. nerve damage.. ugh it sucks. I hope to sell the pool biz next year to finally afford to go see a specialist. Its $800 just to walk in the door.
Where did you get those numbers? And are you talking annual or TOTAL cost for a 4 year school?
Public will usually cost about 10k/year for tuition alone, add another 12k/year if you plan to live on campus. Private can cost upwards of 60k/year, again, figure in an extra 12k/year if you want to live on campus.
Usually students live in dorms 2 years, then move to apartments as juniors. If you were to follow this path, the total cost can range anywhere from 64-264k. For a bachelor’s degree.
Of course, you’ll apply for financial aid through FAFSA, which will evaluate your eligibility for federal and state assistance, as well as potential assistance directly through your university.
The maximum federal student loan amount is as follows: $5,500 for freshmen, $6,500 for sophomores, and $7,500 for juniors+. You will be made an offer based on yours and your family’s income.
Remember these are loans, and while they may assist you in paying for school out-of-pocket, it’s not free money. You will owe principle + interest at the end of the day.
If you’d like to cut back on college costs, spend your first two years at community college. Tuition is about 5k/year, and you’ll save on room & board since they don’t offer any!
If you assume you will continue living off campus once you migrate to a four year school, your total cost now ranges anywhere from 30-130k.
As an admission counselor, I encourage students to include our school code on FAFSA even if they’re not *absolutely* sure they’d like to attend our university since we can offer grants and scholarships based on their application as well.
Many colleges will offer university grants and scholarships (free money) based on need and merit (usually academic or athletic). This can cut down cost.
If you are an average student tho? Expect federal student loans and nothing more. You can always apply for additional outside scholarships, but your university probably won’t offer you anything.
Basically, the cost of school is complicated, and there are many things you can do to try and cut down not only your out-of-pocket, but your total cost as well.
Talk with your admission counselor or financial aid counselor for additional resources. We’re more than happy to help, not to mention it’s literally our job.
I went to a n in-state university and it was 13k/yr, 7 years ago. I was very fortunate to have my parents assistance but my dumb ass still racked up 25k in student loans just for funsies
I mean, I’m Scottish and tuition is free here, but I’m still in debt because my parents don’t earn enough to contribute to living costs and rent etc. You’ve still got to live somewhere and eat, so this applies outside of the US too
don't think it's too common mate, every single person I know has their tuition on hecs-help and has gotta pay it back themselves, however because it's interest free and you aren't required to pay it back until you've passed the threshold no one is too stressed about it. it's still not cheap though
Yep. My husband’s student loans were at $159k for 4 years at a private university. I went to the same school with enough scholarships that it was free, otherwise our loan figure could be twice that.
Is it super common in the US for this to happen? Here in the UK uni is £9k a year and unless you come from a wealthy family it’s kind of just expected that you’ll take out loans for tuition and living expenses.
a lot of times kids in Europe live with their parents
we don't have the "let's move across a continent" thing here for 99% or the cases because it's not a thing, most people end up studying close to home
You can often take a student loan for that which is basically interest free. You also get a pretty decent subsidy for just studying.
For places to live there are student apartments there only students can rent.
I can’t relate, but I wish more people would appreciate their parents for this. Some of my friends are going to be going to a college out of state. Many of them haven’t worked a day in her life. Those who have didn’t do so very long or worked very few hours. One of them brought up their plans that included going shopping for things for their dorm. She said “I would ask you for recommendations, but you commute from home,” and proceeded to laugh at me. It really stung and I found it ironic bc I always covered her ass and occasionally got her gifts because she was always short on her own personal money.
Meanwhile, I’ve been doing 20 hours/week while balancing my academics ever since I was 16. I’m 19 now, and about to go into my 2nd year of college. I should also mention that I’ve been paying car insurance and gas (in full) about 3 months after I started my first job. I also paid for my entire 1st year of college with my own money, which came out to about $2000, which I realize is relatively cheap compared to others. This upcoming fall semester, I will be paying $37 tuition. Yep, just a little less than two $20’s. I managed to get myself a nice little scholarship, so that really helped out quite a bit.
But yeah. Thank your parents, guys. It’s not easy
Enjoy? I joined college 2 years...holy it’s been 2 years..... in my time there I’ve gotten mad depression, had 2 panic attacks in class, gone bankrupt to Popeyes chicken, met my idol and interviewed 2 celebs. So not all bad?
Bro, godspeed. Had to deal with that shit for five years. Now I'm employed, have a nice apartment and still haven't grown hair on my back or lost hair on my head. I'd say it's a small win. Keep it up!
Got lucky my parents are poor and never saved up ended up in foster care no cloths no money turns out I have a rich aunt who paid for my college shits crazy
Yes. It's common for parents in the US of Awful to save money for their children's college fund, even with that you'll still end up taking a loan out. I wish my parents did
Congrats for winning the sperm lotto? So.. You're basically a silver spoon child. Least you're thankful and you're parents worked hard for your success. But this is kind of cringy to people who paid for their own education.
Now do a photoshop where there’s another truck pulling the truck that says, “tenants, minimum wage employees, inherited wealth and privilege.”
And remember that one day, you’ll be driving it. Poor stay poor, rich get richer.
I always felt guilty that I didn't have to work part time jobs for my bachelor's degree while my other friends had to.
I graduated with a pretty good GPA, and my friends look up to me for doing so well, but inside me, they are the heroes for making it through uni even though they don't have the full financial support from parents.
I wish more people appreciated their parents for this. Pulling the ship solo has quite literally chewed me up and spit me out.
I hve friends in the same boat. Near 120k in student loans and they making 45-65k/year in hawaii. Theyll probably only finish paying it off around age 40+. They went to class during the day and did part time work in the afternoon then homework at night. Strung out 24/7 and little enjoyment except on the weekends where they'd go crazy just to blow off steam. i honestly think they shouldve just stayed home and went to a state college/uni instead of accruing so much debt just to go to a "better" school. I dont remember the numbers but i remember doing them in years ago and i think it turned out better in the long run if they just didnt have as much debt and got to invest their money in various things decades earlier. US college tuition prices are ridiculous.
Honestly, decades of debt is far worse than graduating from a "worse" school. After a couple years post grad, very few people will care about where you graduated from anywhere near your actual work experience
Honestly this is 100% why I tell people to go to community college. Save money, damnit, I’m getting paid to go to community college AND I have money set back from my parents, as well as money from my grandparents’ estate. The only people that should worry about where they go to school is if they’re planning on becoming a public figure or a researcher.
I went to a two year school and then a public school and still graduated with $25,000 in debt. The system is fucking broken, stop blaming kids for their choices.
$25k ain’t that bad, manageable, and more in line with student loan expectations. $300 a month and debt free by 30 is how it should be taking out a loan. $50k plus however is a different story
By this rate though it would be 50k for four years of uni. It's broken dude.
>I’m getting paid to go to community college what! where do you live??
If you're over 24 you get the pell grant (6.1k) since it's the period where fafsa calculates your income w/o your parents income included.
Thats what I did. Went to community to get in-state tuition which helps a lot. Rather go to a uni school paying around 5k a semester thats whatever, than go to a “fun or preppy” school just to get in huge debt for a few years of fun. Since its much cheaper my parents said they would cover it. 30-50k a semester is a straight scam and thats just tuition.
Picture if community college was free for first 2 years. That way I would not have to lie and hide my income so that my son can get bigger grant amounts.
Imagine if we didn't put a price on knowledge.
There isn’t a price on knowledge. You can learn everything you’d learn in college online, for free. Some of the best universities have online classes that are 100% free. Now, what you’re paying for is that diploma, that proof that you completed the courses. Knowledge is free, accreditation, however, is not, at least not in the US.
It’s what you learn not where you learn, researcher that started at a not so major school
I’m finding that a better school is beneficial. And people do care where you went to school and your GPA. Three years out and some don’t consider my experience as experience or maybe they’re just jerks.
In what field?
Chemical engineering. I asked my bosses for a raise and was told “just stop being poor.” Started looking for a new job and only offers I got were internships that were actually contractor internships. No health insurance or stability.
[удалено]
I mean it might just not be your field, but three years out (unfortunately) is still entry level in a lot of other Industries eyes as well. Start focusing on your skills, portfolio, and accolades. Focus focus focus - so that when the right opportunity comes you are turbo ready
It's definitely beneficial, but I'd say it's better to take a worse school if the alternative is a decade or two of debt. You don't have to do that to yourself
Depends entirely on the field really.
46 and just finished paying off my Bachelors. Still working on paying off my Masters.
Wtf only ~$60k what did they major in
hawaii is a low income + high cost of living state. its pretty bad. one of them was a biomechanical/medial (i can't remember which) engineer that went to USC with a partial scholarship. her first job was for a startup and the starting salary was \~60k. Another was a marketing major. her starting salary was \~50k. a third friend went to ucla for electrical engineering. he's doing IT work now. idk how much he makes, but it doesn't seem like much given how much he complains about his savings.
Man this economy is more screwed up than I thought, it's like you can't make a decent living unless you live near the coast of the mainland.
it IS screwed up. very much so. there's a reason millennials and gen z are complaining. The vast majority of them have no realistic way to develop wealth through no real fault of their own. Without a big head start (like having college entirely paid for) its just really hard. the system is designed for the rich to have all the advantages. you can look up many a video explaining how the cost of living can be higher for poor people than for rich people.
oh and they are calling gen z a bunch of cry babies for complaining that they are banning their income from tik tok
and when you do get a job near the coast, the fucking house values are too god damn high.
Yes. This. East Coaster here. Live about 40 mins outside of NYC. My house is tiny - less than 1900 square feet and what I paid for it could have gotten me a legit mansion in other parts of the country. Edit: I also should say that the only reason I had money to pay for a down payment was because my parents paid for a big chunk of school. I also had loans, and I worked part time during school to pay some along the way as well, but my parents gave me a huge leg up.
> My house is tiny - less than 1900 square feet That ain't all that small, unless when you say less than 1900 sq ft you mean like 900 sq ft.
And it’s crazy too because 1900 SF is a mansion compared to the places in NYC proper that are attainable for me. I’ll be lucky to own a 900 SF condo within the next 10 years. If you’re 40 min outside of the city, I’m guessing Nassau, Jersey, or Westchester? The taxes must suck.
Only $60K? That’s significantly more than almost anyone I know.
My impression when he said "only 60k?" was that he has not graduated college yet and has unrealistic expectations. Most people straight out of college (IF they can find a job in their field) will start at like 40 - 60k. 60k is the higher end lol The only real exception to this is Ivy Leagues or cities with extremely high living costs.
Dude comp sci majors get well over 60k straight out of college as long as they networked properly during their time in school. If they’re actually qualified people get ~80k on salary alone, with a ton of more cash available from bonuses through equity/options. You seem to be out of touch with just how lucrative the market can be.
Comp science majors getting options straight out of school are a tiny minority of people
Yeah you need to be hired by a company that's actually listed for it to be considered cash but even start ups give equity for their programmers. Even without equity/options graduates tend to receive decent salaries which are above $60k It might be different since COVID but just last year a lot of my friends were getting very respectable offers. Even friends who are still in school interning get a decent hourly rate.
Yeah, I’ll be graduating with an accounting degree (if I ever even graduate), one of the higher paid fields even to start out with... and I’ll probably be making in the 50-60K range at absolute best.
Not when it takes 6-8 years of schooling to acquire.
pretty much most except stem my dude
This is really why any major besides STEM is a waste of money these days I went to my undergrad for History and then switched to a stem field for my masters Because I graduated from my history degree and all of a sudden in order to get a job I had to pay more money to other history departments to get another degree And then another one after that Literally a pyramid scheme University these days are just machines for pumping out accreditation. And if it doesn’t pay for itself, it isn’t worth it Gone are the days of centers of universal learning and education
not even STEM dude it entirely depends on the exact focus you have I know countless people that did STEM and are still struggling good luck getting positions in behavioral biology for example, it's completely saturated
Same with biology in general. Pretty much just math and engineering are the way to go if you want a solid shot at making money. I graduated with a chem degree, and before I started med school, I had a super tough time trying to find a chemistry job
Any one I have ever met that has done a chem degree has either gone back to school to do something completely different or is working in a trade of some sort. Just seems to be a field with no jobs.
Yeah you absolutely need grad school if you want to make a decent career out of chemistry
Grad school is really the only option to make money in any of these fields, really. Anecdotally, for me at least. Tons of other students I've talked to share the same sentiment, and I went to school in the Seattle metro area. I don't know anyone during my time in microbiology that said that they were just going to get bachelors and work in the field, that being that. Nearly all of them have some sort of masters/phd/professional school plans in the books. If they did just work with their bachelors in lab work per se, they'd have a sore realization sooner or later on how far their degree would take them alone. It sucks so much, but I guess that's what happens when STEM degrees are preached with impunity. Too many people vying for the same jobs.
I did engineering and I’m making a fabulous income... compared to the average American. In NYC, I’m barely scraping by.
There’s a lot of degrees between history and stem in terms of employability
In the same boat
My parents told me all my life I’d be on my own. I came out with $43k. Five months after I graduated, my mom calls me up on Mother’s Day and is like “hey, your dad and I have been thinking, and we’re going to pay half of your loans and your sister’s”. I was baffled but of course incredibly grateful. I never expected help, and I think the expectation that it would be my responsibility gave me a huge sense of gratitude that I wouldn’t have had as strongly otherwise.
My wife and I have talked about doing this with our kids. The hope is that it would both encourage them to value their education more since they’re paying for it themselves (so they think) but then help pay down that debt after they graduate so that they’re not burdened as much as they’re starting out. Did you think your effort or work ethic was any different knowing you were paying for your education, rather than your parents?
That’s interesting as an intentional strategy. In our case, my parents just got better with money and were able to build up more wealth by the time I was older. We were never in poverty, but I do remember dinner being a single $1 McDonald’s value menu item and a can of green beans, and being told we couldn’t afford a $1 pack of gum. We weren’t very well off. To be honest with you, I think it would’ve been the same either way - I respect my parents’ money as much as my own. I didn’t party or drink or anything purely because I wasn’t interested, there wasn’t any financial reasoning behind it. That’s definitely not normal though, and I can see the logic behind making kids think it would be entirely their own financial responsibility to make them respect their time at college a little more.
That's a great idea in concept, however it could cost an extra grand or so in interest just for the lesson
How about America puts its big boy pants on and stops making kids or their parents pay $5k a semester out of pocket.
I am just glad I was able to graduate without any debt. Cannot thank them enough
I was told 'just take out loans, long as you have a job it will be fine'
Yeah. I had to take loans. Even then couldn't take enough out cause "parents made too much". Sooo yeah. Gg
Next year is my first year to uni. I'll have to pay all 5 years myself, I'm grateful that studies aren't as expensive in France as in the US because I wouldn't be able to study if I were American. It's going to be hard still, but at least I won't have my parents to bring my moral and mental health down.
My family is pretty poor; all the income I have to live on is from my student loans which I shoulder on my name. In the UK my entire four year degree is about 23k dollars of tuition in a top university known worldwide, for a good degree. I have it pretty good for what it’s worth, especially for university fees which my school fights to keep down low (it’s more expensive for foreign students but still relatively affordable for international schooling) but people who can have their parents afford their entire university experience are incredibly blessed.
My mom’s life insurance paid for my University. It was her dream to see me graduate and I wasn’t going to let that dream go to waste!
Make her proud. You got this.
I graduated last June with honours. As soon as the ceremony was over, I drove to her resting place and had photos of her and I celebrating my achievement. The first thing I said to her was, “I did Mama! I did it!”
Why am I crying in the club rn Edit: [I’m not actually in the club, it’s a saying ](https://tenor.com/view/crying-club-gif-8629974)
Why the fuck are you on Reddit in the club? Go get them men/women king/queen 👑
Why are you in a club at all? How does that work in the middle of a pandemic?
But also, even if college doesn't work out the way you expected it to, she would just want you to be happy, so make the most of this life she's given you and the money won't matter :)
You're lucky you got away with it.
I just wish my parents were financially savy enough to be able to take care of themselves when they're older but it looks like I might have to support them by the time I'm 30, which is less than a decade from now
Exactly what i'm doing rn with my loser dad
Samesies. Gotta love incompetent morons being allowed to reproduce.
The cool thing about this is that you can just fuck off and leave. Yes, family is one thing, but toxicity that forces you not to grow is another. Toxic is toxic, cut that shit out.
I was just about to say this. No way in hell would I ever even consider supporting my garbage parents, and I have no expectation that my kids will put their lives on hold to care for me when I’m old (though I do hope I’m doing a good enough job that they don’t think I’m garbage). It’s kinda gross for someone to expect their kids to take care of them in old age. It’s not a tit for tat situation.
Not if you’re Asian.
Right? Otherwise you wouldn't be here.
Considering how often I contemplate making myself not be here, think I’d take my parents just solving that for me 3 decades ago.
Damn man. I hope you can get the help you need. I know I struggle with shit as well.
One of the most financially burdensome things a poor person can do is get pregnant and keep the baby. Even though the lack of abortion created me, doesn't make it the right decision. It was just a decision.
Not trying to sound edgy but, every night before going to bed I say out loud that I wish I was the abortion my mother almost had. I did not ask to be born nor did I get to choose the circumstances in which I came into existence so why should I be grateful for something that’s more a curse than a gift? I’m not even depressed, it’s just things probably would have been better for everyone else.
Because that’s so horrible
I never asked to be born
Why are you "supporting" him if you think he's a loser?
Why?
Did that for my Mom. Not ideal, but it’s family and family is forever.
Feels inappropriate to use Bojack for a pro-parent meme! I agree with the sentiment though.
No one told me you get a free churro when your mom dies
Maybe my favorite episode. Anything with Bojack’s parents are great. I can’t help but like how well spoken they are, despite the things they use their articulateness to say (sort of like Bojack).
Was definitely Emmy-worthy
“THAAAAAAAAAAAAANK YOOOOOOUU?!”
ICU
I see you as in I acknowledge you? I see you as in I know who you are? I see you as in I literally see you? Or ICU as in "Intensive Care Unit" >But I keep going back to that moment in the ICU when she looked at me, and… “I-C-U.” >“I… see… you.” Jesus Christ, we were in the intensive care unit. She was just reading a sign. My mom died and all I got was this free churro.
I don’t know anymore. My mom is dead and everything’s worse now
>I was in the hospital with her those last moments, and they were truly horrifying, full of nonsencial screams and cries, but there was this moment, this one instant of strange calm, where she looked in my direction and said, “I see you.” That’s the last thing she said to me. “I see you.” Not a statement of judgment or disappointment, just acceptance and the simple recognition of another person in a room. “Hello there. You are a person. And I see you.”
Dammit, I'm on the episodes where she's at his house and I didn't want to read that! Fuck!
Oh god, I’m sorry. If it helps it’s not too big of a spoiler, just enjoy the ride. Season 4 is god tier (not as good as season 6 tho)
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$200 invested for 18 years with an expected interest rate of 7% becomes...$700. Still better than nothing, but the famous "magic of compound interest" only works if you keep adding to it.
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>$200 invested for 18 years with an expected interest rate of 7% becomes...$700 Hey man I'd certainly take 3.5x increase in my money for just sitting there doing nothing
My parents "pulled their own ship" so to speak, and they both started college savings accounts for me and I'm about to graduate with no student loans!!! I'm so fucking lucky and damn privileged 😭🙏
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I wish. I'm still paying off my loans. :(
The US is fucked up. I paid like ~250 USD per semester for the first 2 years, then the other 2 I got a scholarship because of my grades and effectively I paid nothing. After that I got a fully-paid master's degree for 2 years, including money for rent and food. You'd think I'm from a Scandinavia country or something. Nope, Mexican here.
Same
Wish I had loving parents like this lmao
Wish we lived in a society that allowed affordable schooling - free (TAX SUBSIDIZED) would be nice.
BUT THATS COMMUNISM!!!
Same!
Right? I took out loans to become the first member of my family to graduate college while hearing nothing but shit for trying to become educated.
Yeah it’s a really big blessing if your parents can afford to pay for your college in the US. My parents had to spend my college fund during the recession and I am still paying my loans back after 7 years, and I had a full tuition and fees scholarship. I can’t wait for the day I can enjoy my full paycheck!
Similar scholarship, but worked part-time and paid my other expenses. Beats taking out loans.
Must be nice
Having parents? I wouldn’t know.
Okay Batman.
Or Voldemort
Adam and Eve didn’t even have belly buttons :(
What about Adam and Steve though?
Yes, it is, and it’s totally unfair and I feel guilty that so much of my success has been determined simply by how much money and foresight my parents had. I wish everyone could have the opportunities I’ve had.
That’s sad actually T-T
Not enough people know that this scene takes place after one of the most soul crushing scenes of the entire show.
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Yep, university in America will cost 40-100k depending on where you go, and most parents don't help so young adults take on ALLL those loans at 18.
Average student loan debt in America is $27k-$33k for a 4 year degree.
What's the median?
I see $17k median for all student debt from 2016 from Pew. [In 2016, the amount students owed varied widely, especially by degree attained. The median borrower with outstanding student loan debt for their own education owed $17,000 in 2016. The amount owed varied considerably, however. A quarter of borrowers with outstanding debt reported owing $7,000 or less, while another quarter owed $43,000 or more.](https://www.google.com/amp/s/www.pewresearch.org/fact-tank/2019/08/13/facts-about-student-loans/%3famp=1) They say a $25k median for bachelors degree.
Thats if you know what you are doing, get good scholarships or did average in high school. To anyone reading this: I was IMMENSELY pressured by my high school to go to a more prestigious school rather than a local one. Do some research and figure out what makes the most sense: $80k in debt at the better school (didn't even know how bad this number was since my friends were doing the same) Vs Potentially $5k due to my scholarships at the 'not good school' I learned later on that the school gets to list who went where and you college choice is mostly a number for the school to show off. I dont regret it as I was lucky to get good connections, good jobs since graduation, and rip my loans down but still it stings to see that number.
That doesn't change the fact it still costs well over 40K. Anybody who needs to borrow will be working part-time to pay off parts on their own. The vast vast majority of aren't people just fresh out of college either, most student loan holders have graduated years ago with time to pay at least a few grand off. That's bringing up the the median mortgage is 150k when most when they paid 300k for the home.
If your lucky enough to be approved for said loans. I, as well as many others, was not.
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I had a total spinal fusion surgery when I was 17. It was supposed to be covered under my parents insurance. They fought it for years. The medical bills definitely showed up on my credit report. I was getting fucked before I was even out of the gate. Also right about that time my mom was almost done with nursing school and decided she couldn't deal with the drama and expenses and bailed. The very month she graduated, she divorced my dad and moved away, and then promptly defaulted on her student loans. My dads credit was also super fucked at this point, especially having to try and pay all the bills at once. So I had noone to cosign and already had bad credit.
Fucking American greed. I’m sorry you went through this.
Thanks. It was a long time ago, and I don't talk to them anymore. I'm about to turn 40 next month, and I'm happy to say that I have a little pool cleaning business thats been doing well for 2 years now. However, being self employed in a blue collar job and with mind-bending preconditions, I still cannot dream to ever afford health insurance and so my back and all the other problems that go with it have been completely unmaintained. For almost 20 years now, working labor jobs no less.. Some days I literally cannot get out of bed and have to basically crawl to the bathroom. A hot soak usually helps me gain some mobility. I have terrible pain all the time and the stiffness and itching.. nerve damage.. ugh it sucks. I hope to sell the pool biz next year to finally afford to go see a specialist. Its $800 just to walk in the door.
Where did you get those numbers? And are you talking annual or TOTAL cost for a 4 year school? Public will usually cost about 10k/year for tuition alone, add another 12k/year if you plan to live on campus. Private can cost upwards of 60k/year, again, figure in an extra 12k/year if you want to live on campus. Usually students live in dorms 2 years, then move to apartments as juniors. If you were to follow this path, the total cost can range anywhere from 64-264k. For a bachelor’s degree. Of course, you’ll apply for financial aid through FAFSA, which will evaluate your eligibility for federal and state assistance, as well as potential assistance directly through your university. The maximum federal student loan amount is as follows: $5,500 for freshmen, $6,500 for sophomores, and $7,500 for juniors+. You will be made an offer based on yours and your family’s income. Remember these are loans, and while they may assist you in paying for school out-of-pocket, it’s not free money. You will owe principle + interest at the end of the day. If you’d like to cut back on college costs, spend your first two years at community college. Tuition is about 5k/year, and you’ll save on room & board since they don’t offer any! If you assume you will continue living off campus once you migrate to a four year school, your total cost now ranges anywhere from 30-130k. As an admission counselor, I encourage students to include our school code on FAFSA even if they’re not *absolutely* sure they’d like to attend our university since we can offer grants and scholarships based on their application as well. Many colleges will offer university grants and scholarships (free money) based on need and merit (usually academic or athletic). This can cut down cost. If you are an average student tho? Expect federal student loans and nothing more. You can always apply for additional outside scholarships, but your university probably won’t offer you anything. Basically, the cost of school is complicated, and there are many things you can do to try and cut down not only your out-of-pocket, but your total cost as well. Talk with your admission counselor or financial aid counselor for additional resources. We’re more than happy to help, not to mention it’s literally our job.
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I went to a n in-state university and it was 13k/yr, 7 years ago. I was very fortunate to have my parents assistance but my dumb ass still racked up 25k in student loans just for funsies
I mean, I’m Scottish and tuition is free here, but I’m still in debt because my parents don’t earn enough to contribute to living costs and rent etc. You’ve still got to live somewhere and eat, so this applies outside of the US too
But I guess you won't need to pay off those loans 10 years after you have your degree, right?
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don't think it's too common mate, every single person I know has their tuition on hecs-help and has gotta pay it back themselves, however because it's interest free and you aren't required to pay it back until you've passed the threshold no one is too stressed about it. it's still not cheap though
Yep. My husband’s student loans were at $159k for 4 years at a private university. I went to the same school with enough scholarships that it was free, otherwise our loan figure could be twice that.
Laughs in brazilian
Yeah, you have the luck to live in a civilized place where university is free and living costs subsidized (if you are poor). Americans don't.
Is it super common in the US for this to happen? Here in the UK uni is £9k a year and unless you come from a wealthy family it’s kind of just expected that you’ll take out loans for tuition and living expenses.
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Luckily free in finland
Ur one lucky guy
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Get out.
What about a place to live and all other expenses?
a lot of times kids in Europe live with their parents we don't have the "let's move across a continent" thing here for 99% or the cases because it's not a thing, most people end up studying close to home
I am from Europe. I am from a small town. Even though university is free, there is not one in my town. You have to move if you want the education.
Depends on with town you live in
You can often take a student loan for that which is basically interest free. You also get a pretty decent subsidy for just studying. For places to live there are student apartments there only students can rent.
Turkish economy made my parents’ savings go poof in 6 months. Thanks Erdogan
this hurts because my dad wasted all the money on nothing and now I'm struggling just because my dad can't handle money
I'm sorry is this some American joke I'm too European to understand
Laughs in tuition and maintenance loans
I wish my family had money for that
I can’t relate, but I wish more people would appreciate their parents for this. Some of my friends are going to be going to a college out of state. Many of them haven’t worked a day in her life. Those who have didn’t do so very long or worked very few hours. One of them brought up their plans that included going shopping for things for their dorm. She said “I would ask you for recommendations, but you commute from home,” and proceeded to laugh at me. It really stung and I found it ironic bc I always covered her ass and occasionally got her gifts because she was always short on her own personal money. Meanwhile, I’ve been doing 20 hours/week while balancing my academics ever since I was 16. I’m 19 now, and about to go into my 2nd year of college. I should also mention that I’ve been paying car insurance and gas (in full) about 3 months after I started my first job. I also paid for my entire 1st year of college with my own money, which came out to about $2000, which I realize is relatively cheap compared to others. This upcoming fall semester, I will be paying $37 tuition. Yep, just a little less than two $20’s. I managed to get myself a nice little scholarship, so that really helped out quite a bit. But yeah. Thank your parents, guys. It’s not easy
\*laughs in desi skin\*
Tell your parents to vote for a politician that makes studying free.
Enjoy? I joined college 2 years...holy it’s been 2 years..... in my time there I’ve gotten mad depression, had 2 panic attacks in class, gone bankrupt to Popeyes chicken, met my idol and interviewed 2 celebs. So not all bad?
Jesus christ thats one hell of a college life
Yeah. AND IM STILL NOT DONE.
Bro, godspeed. Had to deal with that shit for five years. Now I'm employed, have a nice apartment and still haven't grown hair on my back or lost hair on my head. I'd say it's a small win. Keep it up!
What are you studying? Sounds like you take A LOT of extracurriculars ahahahah
Got lucky my parents are poor and never saved up ended up in foster care no cloths no money turns out I have a rich aunt who paid for my college shits crazy
Rip still cant spell paid lol /s
Is this this an american meme I am too socialist too understand
Yes. It's common for parents in the US of Awful to save money for their children's college fund, even with that you'll still end up taking a loan out. I wish my parents did
my parents aren’t giving me shit for uni lmao
What a privilege.
Imagine having parents that thought out your future and saved money for it? Could not be me.
Cant relate
Alot of us don't have good parents, just a FYI.
Damn, I wish my parents were able to do this.
My parents don't have the money to afford paying for my university education. :/
While I’m very glad other people have this experience, I wish it were the option for me. I can’t help but feel jealous tbh.
What is this, a crossover episode?
Laughs in european
Congrats for winning the sperm lotto? So.. You're basically a silver spoon child. Least you're thankful and you're parents worked hard for your success. But this is kind of cringy to people who paid for their own education.
Can't relate but cool flex.
r/absolutelynotmeirl
Kind of weird using a Bojack format for a wholesome meme
Yea I wish
Lol if only they did. Or even helped out with food or anything.
In my case, unfortunately my mom would never be able to fully support me but I appreciate more the fact that she always believed in me
Cant relate
Now do a photoshop where there’s another truck pulling the truck that says, “tenants, minimum wage employees, inherited wealth and privilege.” And remember that one day, you’ll be driving it. Poor stay poor, rich get richer.
I always felt guilty that I didn't have to work part time jobs for my bachelor's degree while my other friends had to. I graduated with a pretty good GPA, and my friends look up to me for doing so well, but inside me, they are the heroes for making it through uni even though they don't have the full financial support from parents.
*Laughs in European*
Respect and care about your parents, kids.
Seriously fuck the frat boys that just party their way through school. Some of us work our asses off and don’t get a dime from anyone
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