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Posted by cali95gt (Member # 8940) on :
 
Ok so I keep reading these article about graduates leaving school in $50k debt no less... My question is who here has graduated from school with big debts in to student loans? I'm currently a student but took this semester off to work more, I already have an evening job... I'm making more than most college graduates do now and I'm not even done yet...

School isn't a a nessecarry requirement for me to be promoted at my permanent job but it does look better... Is it worth it???

[ April 26, 2012, 11:50 AM: Message edited by: cali95gt ]
 

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Posted by venomous99 (Member # 1917) on :
 
as you know its a proven fact that on avg those w/ an edjumacation end up finding jobs faster and have higher salaries vs those w/out a college degree.

it sure is damn worth it if you make the best of it and apply yourself after.

graduate and eventually youll see some cha-ching in your bank account. LOL


[ April 26, 2012, 11:52 AM: Message edited by: venomous99 ]
 

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Posted by cali95gt (Member # 8940) on :
 

quote:

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Originally posted by venomous99:
as you know its a proven fact that on avg those w/ an edjumacation end up finding jobs faster and have higher salaries vs those w/out a college degree.

it sure is damn worth it if you make the best of it and apply yourself after.

graduate and eventually youll see some cha-ching in your bank account. LOL

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quote:

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Originally posted by triple black hatch:
It's always good to have to have a back up plan in case your job goes down hill.

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quote:

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Originally posted by 90GT510:
Don't pull any loans if you don't need to

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Posted by SydeWaySix (Member # 3596) on :
 
I dont, but my wife does. Depending on what job you get coming out of school, it may or may not be worth it. I know for her, it was well worth the debt with the income that she makes.
 

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Posted by stangin' (Member # 514) on :
 
you might think and feel like you're making decent money right now especially compared to other college students, but it won't last for long.

if you're comparing you working two jobs(i think that's what i read from what you wrote) to some student committing themselves to school full time then of course you have money in your pockets right now.

unless you're making at the min. 75k a year where you're currently at, get that degree and make use of it. you'll blow by those who were making 50-60k a year while you were in school <---- this could be you or this could happen to you. you decide. don't settle for just "OK", strive to do more than expected. set some high goals for yourself and don't rationalize your own thinking.

bottom line is, yes that stupid piece of paper is worth it if really want to make good money. however, don't work for others for the rest of your life. companies will spit you out when they can hire younger, newer, smarter, and cheaper grad students. plan wisely and branch off into your own business.

i forgot to add that when i graduated in '05, i owed about 18k from loans. i took only what i needed and payed it off in 2yrs.

[ April 26, 2012, 12:54 PM: Message edited by: stangin' ]
 

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Posted by SEMPERFI510 (Member # 627) on :
 
In this day and age a bachelors is like a diploma. You usually need it to just get in the door at most corporate jobs. I am really thinking of getting my masters online while I work but don't know if it will be worth the debt.

SO YES, FINISH SCHOOL!

[ April 26, 2012, 12:55 PM: Message edited by: SEMPERFI510 ]
 

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Posted by cali95gt (Member # 8940) on :
 

quote:

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Originally posted by stangin':
you might think and feel like you're making decent money right now especially compared to other college students, but it won't last for long.

if you're comparing you working two jobs(i think that's what i read from what you wrote) to some student committing themselves to school full time then of course you have money in your pockets right now.

unless you're making at the min. 75k a year where you're currently at, get that degree and make use of it. you'll blow by those who were making 50-60k a year while you were in school <---- this could be you or this could happen to you. you decide. don't settle for just "OK", strive to do more than expected. set some high goals for yourself and don't rationalize your own thinking.

bottom line is, yes that stupid piece of paper is worth it if really want to make good money. however, don't work for others for the rest of your life. companies will spit you out when they can hire younger, newer, smarter, and cheaper grad students. plan wisely and branch off into your own business.

i forgot to add that when i graduated in '05, i owed about 18k from loans. i took only what i needed and payed it off in 2yrs.

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quote:

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Originally posted by cali95gt:

quote:

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Originally posted by venomous99:
as you know its a proven fact that on avg those w/ an edjumacation end up finding jobs faster and have higher salaries vs those w/out a college degree.

it sure is damn worth it if you make the best of it and apply yourself after.

graduate and eventually youll see some cha-ching in your bank account. LOL

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What if I already have cha-Ching in there lol... I just want to know if that piece of paper is worth the debt... If I didn't already have a job then I'd be more pushed to finish school.. Maybe keep both jobs and finish up online/slowly... No rush anymore....

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quote:

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Originally posted by 915.0gt:
If your not going for a degree in a specialized field or for more than a 4 year degree than you are just another person with a useless piece of paper. I don't have a degree and don't plan on getting one.

Work experience > non specialized degree

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quote:

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Originally posted by 915.0gt:
If your not going for a degree in a specialized field or for more than a 4 year degree than you are just another person with a useless piece of paper. I don't have a degree and don't plan on getting one.

Work experience > non specialized degree

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quote:

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Originally posted by venomous99:
maybe u should state what your career goals are and what field u intend on working in? if you plan on racking up a healthy debt in theology but planned on working at costco maybe an edjumacation wouldnt make financial sense. if you planned on being a scientist or doctor you probably have no other choice. LOL


also wouldnt be fair for those who havent gone through the process to comment. he is looking for feedback from those who have accumulated major debt from school loans and on whether it was worth while in the end after you graduated and were released into the real world.

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quote:

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Originally posted by cali95gt:

quote:

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Originally posted by venomous99:
maybe u should state what your career goals are and what field u intend on working in? if you plan on racking up a healthy debt in theology but planned on working at costco maybe an edjumacation wouldnt make financial sense. if you planned on being a scientist or doctor you probably have no other choice. LOL


also wouldnt be fair for those who havent gone through the process to comment. he is looking for feedback from those who have accumulated major debt from school loans and on whether it was worth while in the end after you graduated and were released into the real world.

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Thanks I am looking for real world experience... My current major is Civil Engineering. I have already completed all my General Education and most lower division for the major.... My original plan when I was 18 years old was to hurry up and graduate and get my foot in the door by working for CalTrans.. Branching off shortly afterwards...
However I started working at UPS and slowly moved up the ladder, picked up a day job also... I have 4 years invested in this company and wouldn't mind changing my major to some sort of business management/finance so I could move in to upper management, being in lower management sucks lol. It wouldn't be much of a set back since I'd have most of my classes for that lower division also complete, give or take a few... Or I could just wait around and become a driver, they make $75k easily and I wouldn't need to continue school...
They will cover most of the cost of school but I'm pretty sure they won't cover everything. If I switch to business/finance than a masters program is most def a must... Is it worth it???

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quote:

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Originally posted by venomous99:
maybe u should state what your career goals are and what field u intend on working in? if you plan on racking up a healthy debt in theology but planned on working at costco maybe an edjumacation wouldnt make financial sense. if you planned on being a scientist or doctor you probably have no other choice. LOL


also wouldnt be fair for those who havent gone through the process to comment. he is looking for feedback from those who have accumulated major debt from school loans and on whether it was worth while in the end after you graduated and were released into the real world.

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quote:

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Originally posted by cali95gt:

quote:

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Originally posted by venomous99:
maybe u should state what your career goals are and what field u intend on working in? if you plan on racking up a healthy debt in theology but planned on working at costco maybe an edjumacation wouldnt make financial sense. if you planned on being a scientist or doctor you probably have no other choice. LOL


also wouldnt be fair for those who havent gone through the process to comment. he is looking for feedback from those who have accumulated major debt from school loans and on whether it was worth while in the end after you graduated and were released into the real world.

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Thanks I am looking for real world experience... My current major is Civil Engineering. I have already completed all my General Education and most lower division for the major.... My original plan when I was 18 years old was to hurry up and graduate and get my foot in the door by working for CalTrans.. Branching off shortly afterwards...
However I started working at UPS and slowly moved up the ladder, picked up a day job also... I have 4 years invested in this company and wouldn't mind changing my major to some sort of business management/finance so I could move in to upper management, being in lower management sucks lol. It wouldn't be much of a set back since I'd have most of my classes for that lower division also complete, give or take a few... Or I could just wait around and become a driver, they make $75k easily and I wouldn't need to continue school...
They will cover most of the cost of school but I'm pretty sure they won't cover everything. If I switch to business/finance than a masters program is most def a must... Is it worth it???

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quote:

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Originally posted by venomous99:

quote:

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Originally posted by cali95gt:

quote:

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Originally posted by venomous99:
maybe u should state what your career goals are and what field u intend on working in? if you plan on racking up a healthy debt in theology but planned on working at costco maybe an edjumacation wouldnt make financial sense. if you planned on being a scientist or doctor you probably have no other choice. LOL


also wouldnt be fair for those who havent gone through the process to comment. he is looking for feedback from those who have accumulated major debt from school loans and on whether it was worth while in the end after you graduated and were released into the real world.

---

Thanks I am looking for real world experience... My current major is Civil Engineering. I have already completed all my General Education and most lower division for the major.... My original plan when I was 18 years old was to hurry up and graduate and get my foot in the door by working for CalTrans.. Branching off shortly afterwards...
However I started working at UPS and slowly moved up the ladder, picked up a day job also... I have 4 years invested in this company and wouldn't mind changing my major to some sort of business management/finance so I could move in to upper management, being in lower management sucks lol. It wouldn't be much of a set back since I'd have most of my classes for that lower division also complete, give or take a few... Or I could just wait around and become a driver, they make $75k easily and I wouldn't need to continue school...
They will cover most of the cost of school but I'm pretty sure they won't cover everything. If I switch to business/finance than a masters program is most def a must... Is it worth it???

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if i was in your shoes, id finish up school and get into either of the fields you mention. youll extend your ceiling a lot higher than putting your time into ups. dont get me wrong, a job in ups aint bad if thats what youre going for but you have a lot more options and are more marketable in the job place w/ a degree.
since you're already half way through why not just finish up another 2 years of studies and get that bachelors? seems to me you're thinking right now and not looking at the bigger picture and what the benefits are in making the sacrifice now. another thought...its not uncommon for companies to fund your education costs if you decide to go for an advanced degree.

if you think that 75k ups salary is satisfying youll blow a wad if you find out how much more youll be making in those fields you mentioned. just do more research.

civil is actually not a bad field to get into as youll have a lot more immuninity from losing your job to overseas outsourcing as a CE typically needs to be on site.

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quote:

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Originally posted by 915.0gt:

quote:

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Originally posted by venomous99:
maybe u should state what your career goals are and what field u intend on working in? if you plan on racking up a healthy debt in theology but planned on working at costco maybe an edjumacation wouldnt make financial sense. if you planned on being a scientist or doctor you probably have no other choice. LOL


also wouldnt be fair for those who havent gone through the process to comment. he is looking for feedback from those who have accumulated major debt from school loans and on whether it was worth while in the end after you graduated and were released into the real world.

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Seeing how I do my own hiring and see all of the people with degrees that are applying for a minimum wage retail job because they can't find anything else and that both of my bosses have degrees that they don't use I would have to say that i'm defiantly qualified to comment on the wasteful spending of college students that are in major debt and are in the situation that they will be paying off those debts for the rest of their lives

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Originally posted by cali95gt:
I'd like to thank everyone for their advice.. Seems like this guys is going to do it all.. Keep both jobs and knock out school online....

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if you plan on getting into engineering i dont know how effective an online program(if it even exists) will be. check back in about a year on how much you love engineering. better brush up on your physics and calc, LE and DiffEQ if you wanna hang.
 

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Posted by slidewayz94 (Member # 3101) on :
 
Depends on your career. For me, obtaining my Bachelor's = 10% pay increase, which also bumps up my retirement.

Debating on a Master's degree, it wouldn't be an immediate finacial gain, but promotion opportunity. Plus I could teach on the side.
 

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Posted by Tha91SiCkNeSs (Member # 5790) on :
 

quote:

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Originally posted by venomous99:

quote:

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Originally posted by cali95gt:
I'd like to thank everyone for their advice.. Seems like this guys is going to do it all.. Keep both jobs and knock out school online....

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if you plan on getting into engineering i dont know how effective an online program(if it even exists) will be. check back in about a year on how much you love engineering. better brush up on your physics and calc, LE and DiffEQ if you wanna hang.

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quote:

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Originally posted by venomous99:

quote:

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Originally posted by cali95gt:
I'd like to thank everyone for their advice.. Seems like this guys is going to do it all.. Keep both jobs and knock out school online....

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if you plan on getting into engineering i dont know how effective an online program(if it even exists) will be. check back in about a year on how much you love engineering. better brush up on your physics and calc, LE and DiffEQ if you wanna hang.

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quote:

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Originally posted by 915.0gt:
If your not going for a degree in a specialized field or for more than a 4 year degree than you are just another person with a useless piece of paper. I don't have a degree and don't plan on getting one.

Work experience > non specialized degree

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That could be true depending on the field you're working in. A friend of mine got laid off from our company. He had 7 years experience, was a team lead, great worker... But didn't have a degree. He applied at many places, but was told by 95% of them, they can't hire him even though he'd be a perfect fit because he didn't have a degree. Some companies and positions, a degree is required.
 

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Posted by wilit (Member # 3367) on :
 
To answer the OP's question, my total 4 years of school was somewhere in the neighborhood of $50k. My company helped out with about $20k. I paid another $7k out of my pocket and had another $23k in loans.
 

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Posted by stangin' (Member # 514) on :
 
tell me how much you want to make for a living and this should help answer all your questions . 75k/yr ain't much these days which is sad. young dudes might feel like their pockets are fat, but this topic won't really hit you until your early to mid 30s. only until then, you'll realize that you should have gone for gold instead of settling for just OK. like i said in my previous post, decide which guy you want to be and know that the shit i mentioned might not make any sense right now, but it will. i promise you .
 

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Posted by phil a (Member # 6951) on :
 
If you're looking to take on more debt for school, just check in with the federal govt loan structure, which they've changed recently (and on beginning this June/July)

The govt has either disallowed or decreased the amt of student loan expense you can deduct from AGI, and, loans being disbursed in either June or July of this year (can't remember), they no longer offer subsidized loans, which means any/all govt loans you take out will accrue interest from the minute they are disbursed, unlike the older-style subsidized loans, which only began to accrue interest when the payback period was due.

I'm in school full-time and don't really have a choice but to take loans. I spent my savings account doing post-bacc work, so I'm 100% govt funded now. That said, I'll graduated with around $330k in principal - ridiculous, but I hope it'll pay off some day. Bottom line is, as far as I see it - you'll always owe someone something - a bank note for a house, a car, etc - so find something you think you'll really enjoy doing everyday and go after it.

Hope this can be helpful.
 

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Posted by Rigo5.0 (Member # 5247) on :
 
This question has been answered many times before on this board. Get with it, and finish school.
 

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Posted by SydeWaySix (Member # 3596) on :
 

quote:

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Originally posted by Rigo5.0:
This question has been answered many times before on this board. Get with it, and finish school.

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quote:

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Originally posted by Tha91SiCkNeSs:

quote:

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Originally posted by venomous99:

quote:

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Originally posted by cali95gt:
I'd like to thank everyone for their advice.. Seems like this guys is going to do it all.. Keep both jobs and knock out school online....

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if you plan on getting into engineering i dont know how effective an online program(if it even exists) will be. check back in about a year on how much you love engineering. better brush up on your physics and calc, LE and DiffEQ if you wanna hang.

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Well.. The OP said he is done with most of his major lower div. So he should be good to go all the way through Diff-EQ.

Calculus should be as second nature as algebra by now...

I'm not sure of CE's here in California have to take Fluid/Thermo, etc? Fluid isn't something to take lightly.

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