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by CincinnatiDrummer on May 28th, 2007

CincinnatiDrummer

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I'm scared about all the money I'll be spending on college soon...how can I possibly pay off nearly $80K in debt when all is said and done?

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  • by none123 on May 15th, 2008

    none123

    Pick your major carefully and you don't have to worry at all about paying back 80K. Student loans are no big deal to pay back. First year out of school i am making 60K. But everyone is right about juggling where you spend money. I just graduated and went a little crazy b/c i got 60K to spend. Rent in my new place is 16K/year, little high but the place is so awesome. Then i got my 4K signing bonus in the mail and booked a trip to south America, can't wait to get my annual bonus, guys at work say its another 2K. I figure i have earned it to go a little wild for a short period of time. Anyway, my point is that i could live on 20K/year and pay the rest to student loans, but i worked in college and have none (i made 20/hour as an engineer intern). My degree in engineering definitely paid off. Four years of pain and torture for a sweet place and now i and making engines for a living. (most engineers make 55-65k first year out).

    If you got your heart set on something like teaching, then listen to everyone else. Very hard to live and pay off debt at 28K/year. Don't listen to the liberal arts people, pick your major b/c of money. They are harder majors, but so worth it. Some of my friends have to move back in with mom and dad b/c they can't find a job with a history degree, no shit. Image how long its going to take them to pay back their student loans while managing a McDonald's.

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