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/biz/ - Business & Finance

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12410653 No.12410653 [Reply] [Original]

Is it better to have no debt and no degree or degree and debt? Serious answers please.

>> No.12410677

>>12410653
that is a very braught question but in generall

education > money

but that is not always true sadly you can study liberal arts for all i know

>> No.12410685

It depends on the degree and if you actually learned an in demand skill obviously

>> No.12410686

>>12410653
Debt and degree.
It is an upfront-investment in your future. If you are able to pay for it within less than five years without living like a monk, everything is fine.

Having a degree which no one wants to hire you are a bad idea, regardless if you paid for it or not.

>> No.12410708
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12410708

>>12410653
Degree obviously. How many people do you know who could have gone too a decent college but didn't?

How many successful people do you know who didn't go to college?

How many successful people don't send their kids to college (or fight incredibly hard/blow money for the best high schools)?

Don't believe the dropout cope here for a second.

>> No.12410764
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12410764

>>12410653
But education is free in the first world, anon.

>> No.12410785

Unless you're a doctor, lawyer, engineer, then your degree is a meme. If you get a degree in anything else it's highly probable that you're just retarded

>> No.12410850

Is it better to have a degree from some prestigious but expensive university? Or some average uni, but at least it doesn't cost a fortune?
I'm not from USA, but from what I've seen there's quite a difference in cost between public in-state colleges and private schools.

>> No.12410908

>>12410764
The fuck are you talking about??

>> No.12410948

>>12410653
It's ok to have a little debt if you've used that money to learn high income skills. Think that money and time spent as an investment, it makes things a whole lot clearer.

>> No.12410978

>>12410785
Oh boy... dont generalize. In Germany, you are not very well off with these degrees. In fact, these are horrible fields, if you aim to make money while also having time to spend it.

As a doctor (which takes 6-7 years to pull off), you earn the same as someone with an undergrad in finance, who only had to do 3 years in uni and worked for three years afterwards.

As a lawyer, you spend at least 7 years in uni AND you have have to be very good (best 10%) to make money. Otherwise you are yet another average lawyer, who is lucky to have about 40k with 60 hours of work per week for at least a decade. There is no profession in Germany, where the final grade of your degree is more impacting your whole life. Is it good, you are settled but burn out very fast. Is it bad, you are fucked beyond comparism.

Engeneering I somewhat agree with, but there are comparable degrees, where you get similar payment for way less amount of work. Not only during uni, but also afterwards.

>> No.12411063

Take it from a Phd. holder in a STEM subject. Don't bother. Education has no corellation what-so-ever with how much you earn. So screw the Scholarships that bind you to a contract, or getting in debt for education. Wish I knew what I know now, when I was 17

>> No.12411223

>>12410908
It literally is. Most people graduate with ~30K college debt which was just their living expenses while they werent working for 4 years. The tuition was mostly covered by need based grants if they were in-state students. State & uni paid their entire degree off but they are still on the hook for 4 years of living expenses. For example my state uni was 16.5K/yr for instate students but I recieved 17K in need based grants from the school and federal/state governments. So it was free. I'm still on the hook for 35K in living expenses I accumulated over those 4 years...

>> No.12411229

Just lie on your resume. Hardly abyone checks anyway.

>> No.12411243

>>12410850
Private just because the massive grade inflation and prestige will help in the job search. Just make sure the school is well respected in your field.

>> No.12411283

>>12410908
I learned everything I know about software engineering through Google and got a job without a degree.

>> No.12411290

I work in IT and half the people here have meme degrees like English. Honestly if you get the experience it doesn't matter what your degree is as long as you have one. Experience trumps all, my advice is to get a quick and easy degree that's cheap, and use your free time to work part time in the industry or do internships, companies care much more about experience than they do about what degree you have, at least in IT.

>> No.12411311

>people lose their fucking minds over $40k in low interest college debt
>lol lookit muh $40k truck I financed for 6%

>> No.12411542

I'll take school and debt any day if it leads to a good career. I had to take out $140k in loans to get my pharmacy degree. I graduated 4 years ago and it's already paid off. I'm making $150k a year and my pay increases every year.

>> No.12411887

>>12411311
Fake News

Average interest rate on student loans is 4.5%. Not exactly what I would call low.

Average car loan is 4.25%.