The Pros And Cons Of College Debt

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Are you a college student who loves being stressed? Do you enjoy being depressed? Are you overjoyed when you’re taken advantage of? If you answered yes to any of these questions, then a life of paying back thousands of dollars in college debt may be right for you.
Every year millions of students graduate high school and flock to college in hopes of a brighter future. In their minds are preconceived notions drilled into them through centuries of established culture and tradition that college is the only path to financial success.
Nowadays when you ask someone their plans after high school, they say college. And when you ask them what they’ll be majoring in they’ll usually say business, biology, computer science or psychology. What they don’t …show more content…

What do I do? Help me!” Well, the first thing you can do is pick a major that has a high Return on Investment(ROI).
Majoring in subjects like math, economics, accounting, biology, engineering, finance, advertising/marketing, nursing, information systems, political science or computer science, you’re good. You’ll most likely be able to pay off your student loans in 15 years or less.
Now, if you’re majoring in subjects like theater/drama, fine arts, philosophy, archaeology/anthropology, religious studies, sociology, film/photography, music, and even psychology(gasp!) then you’re majoring in debt.
Most(if not all) college advisors or career counselors will tell undergraduate and graduate students that a good rule of thumb to remember is to borrow no more for their entire education than their expected salary at graduation.
That’s where the problem starts. College students think they’re going to be making “Phat Stacks” straight out of college. Reality is, a lot of college graduates will be flipping burgers at McDonald’s or checking out clothes at Target. Some might even move back with their parents. It’s a sad, yet true

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