Comments on: Student Loans Driving Your Career?

By: LGV

LGV — Thu, 11 Feb 2010 20:22:37 +0000

You can choose a career without having to take out a mortgage. Forget Uni. Become a truck Driver. The age to drive an artic is now 18. It should cost you no more than £2 to get your licence. The transport industry is screaming out for young people.

By: Reducing the Costs of College

Reducing the Costs of College — Wed, 17 Jun 2009 07:42:51 +0000

[...] You are 22 years old. You have just spent the past four years paying tuition, room and board, books, food, utilities, transportation, etc. The worst part is that it is all getting more and more expensive beyond peoples’ expectations. Where does that leave you? In a mountain of debt upon graduation. For some of us that means letting our debt dictate a less than optimal career. [...]

By: -> And On the Seventh Day, He Rested | Bible Money Matters

-> And On the Seventh Day, He Rested | Bible Money Matters — Tue, 09 Jun 2009 18:02:37 +0000

[...] all of those businessmen who work 80-hour weeks go home to their families. It would be a day when over-achieving students spend time going out with friends to play football in the park. It would be a day to catch up with [...]

By: Studenomics

Studenomics — Tue, 10 Mar 2009 19:20:21 +0000

I have not yet completed college but I know that my degree will help me out in the field I’m getting into simply due to the competition. The business field is full of many intelligent people and many people would like to work certain jobs but it’s the piece of paper that limits many people. Luckily I have also not gone in debt getting this paper.

By: MyLifeROI

MyLifeROI — Tue, 03 Mar 2009 11:49:44 +0000

@ Roger — It is defintely a case by case basis. I was wondering how you all make that decision! Interestingly enough, I have an article coming in the next month or so on the effects of overtime on health. Some new studies are coming out!

@ Stephanie — If I found myself in the same situation… I guess there would be no downside to go for the extra $12,000 in debt! Being that the bachelors degree you are getting is under the radar, does that mean there will also be opportunities for you when you graduate? Or is there also lack of demand?

@ Paul — What kind of internet business? Selling goods or advertising model? What do you mean by saying “it will be useful to be ahead?” If you are saying what I think you are saying… “ahead” is a pretty relative term! :)

@ Thomas — What drove you to work in a field in a different area than what you got a degree in? Was it the money, the satisfaction, or other? I 100% agree that we, as a country, need to invest more in trade schools, though.

Thanks all for commenting and I hope to see you around!

By: thomas

thomas — Tue, 03 Mar 2009 06:38:13 +0000

My degrees definitely paid off. However, I’m not in my degree field, nor did I get a ridiculous degree in a low marketable skill.

Our country needs more investment in trade schools.

By: Paul Morales

Paul Morales — Mon, 02 Mar 2009 19:30:17 +0000

I plan on working full-time and running an internet business while going to school to help pay for expenses.

I can see if someone is only making $10 an hour this can be somewhat pointless.

If you are making 30-60k/year then it will be useful to be ahead.

By: Stephanie PTY

Stephanie PTY — Fri, 27 Feb 2009 22:38:53 +0000

I doubt that my college investment will ever pay off. I went to school for all the wrong things, and was too far into my degree with too much debt before I realized it. At that point, it was a decision between $30,000 in debt and no degree, or $42,000 in debt an a Bachelor’s in something no one has ever heard of. I went with the latter, and I don’t regret it, but I’m not going to operate under any delusions, either: monetarily, it probably wasn’t worth it.

By: Roger

Roger — Fri, 27 Feb 2009 20:42:05 +0000

At the moment, I don’t think my college investment is paying off; I would have hoped being a highly-trained biochemist would have meant a bit more job security.

For the broader question of trading job satisfaction for increased payment, I think it’s a matter of the exact trade. An extra $2,000/year for taking on a slightly less fulfilling assignment could easily be worth it, while $200/year extra might not be. Similarly, an extra $1,000/year to work under the worst boss in the company probably wouldn’t be a good trade, but if you could get an extra $10,000 for the switch, it’d be worth considering.

It’s a similar concept to working overtime; is losing an hour of your free time (as well as any commuting costs/time, etc.) worth the time and a half pay? Only you can make that decision.