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1. fzeror+(OP)[view] [source] 2018-09-12 06:29:11
I absolutely could've. My college offered student loans to me as a means of paying for my education but if I had $0 to my name upon hitting 18, my life would've been radically different. As I mentioned in another comment a lot of that money went towards helping my family with FAFSA supplementing my school costs. I was effectively responsible for supporting my entire family and given my other health/mental issues at the time I don't know if I would've survived a full time job as well. Suffice to say dealing with a lot of these issues as a kid leaves your outlook fairly bleak without ways of helping yourself.

If you consider my situation to be the norm for a lot of poorer students, then you also start to see where the student debt crisis comes from and how it ties into the economic well-being for many people my age. There's a lot of people where they would have no choice but to dive straight into a lot of these predatory loans without prior education or finance knowledge and graduate knee deep in debt.

In another way, I was lucky that I graduated college with only $0 to my name. I could've graduated with -$40,000-80,000.

replies(1): >>darawk+y5
2. darawk+y5[view] [source] 2018-09-12 07:58:35
>>fzeror+(OP)
Right, but had you graduated with that debt, you would have been able to pay it off due to the salary you'd earn with your CS degree, right?
replies(2): >>girvo+u6 >>fzeror+A9
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3. girvo+u6[view] [source] [discussion] 2018-09-12 08:10:58
>>darawk+y5
Thus putting him even further behind in the rat-race, where those who weren’t forced into debt due to their poor choice of birth parents (sarcasm, obviously) and circumstance.
replies(1): >>ericd+j9
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4. ericd+j9[view] [source] [discussion] 2018-09-12 08:45:50
>>girvo+u6
Do you think the system should be structured so that no one is ever behind anyone else in the "rat race"?
replies(1): >>michae+Gr
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5. fzeror+A9[view] [source] [discussion] 2018-09-12 08:49:51
>>darawk+y5
It's hard for me to say what would've happened as we drift further and further off into a pretty different hypothetical life but for reference it took me quite a long time post-grad to find a software job. It certainly wasn't due to a lack of looking, but rather that I lived in an area without many opportunities which meant that I would need to be relocated in order to kickstart my career.

Eventually I landed on a great company that was willing to do that, but it was a difficult search as an entry-level developer. Would I have been able to pay off my debt? In 5-10 years maybe. That's still a large burden for people to bear, and we're in one of the better paying careers.

replies(1): >>darawk+a21
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6. michae+Gr[view] [source] [discussion] 2018-09-12 12:18:59
>>ericd+j9
From the starting point? Absolutely. That's essentially equality of opportunity in a nutshell. What you do with what you've got from a relatively equal starting point is up to you.
replies(2): >>darawk+wU1 >>ericd+V43
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7. darawk+a21[view] [source] [discussion] 2018-09-12 15:51:31
>>fzeror+A9
Ya, but my point though is that if you were willing to, you absolutely could have worked hard and achieved all that you have. Yes, the chunk of money you received helped - but it didn't enable. You did what you did on your own, and you would have and probably would have done it with or without that money.
replies(1): >>midwes+Ks1
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8. midwes+Ks1[view] [source] [discussion] 2018-09-12 18:34:05
>>darawk+a21
[not OP]

I believe that without proper financial aid, it may not be possible for everyone to pursue further education.

It's possible to do this, in fact, this is what I did; however, there is a lot more to a college degree than just the loans. You still need to be able to afford college living, food, expenses, etc., and anything which is not covered by loans each semester (which sometimes can be put on a private loan if you're fortunate enough to be able to get someone to cosign for you). I worked all throughout college and still barely made the cut. I had to stop going one year due to financial pressure but was fortunate enough to be hired for a paid co-op internship. This allowed me to save more and continue/finish my degree.

Just offering my perspective, you may or may not already see this.

replies(1): >>darawk+vw3
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9. darawk+wU1[view] [source] [discussion] 2018-09-12 21:11:20
>>michae+Gr
Some people have higher IQs than other people. Should we equalize that, too?
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10. ericd+V43[view] [source] [discussion] 2018-09-13 11:54:31
>>michae+Gr
So you'd advocate for eliminating inheritance, free association between people, the choice of where to live, etc? And if you wanted to get more extreme, as a sibling mentions, eliminate heritable differences?

Or do you just mean things like free education for all?

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11. darawk+vw3[view] [source] [discussion] 2018-09-13 15:54:19
>>midwes+Ks1
Ya that's totally all true. But, to my understanding, you can use college loans to pay for living expenses, and you can also get a part time job. Having a part time job through college used to be quite common.

I don't doubt that it's substantially harder for people who lack financial resources, but it doesn't seem that much harder to me. It seems well within the realm of ordinary stuff that is is a bit more difficult. I admit that maybe there is an aspect of it that I don't understand, but what I see here is both you and this guy seeming to say it was difficult, but then you both managed to do it.

My perspective on a lot of this is that there is a whole generation of kids who went to college with the promise that what they majored in was irrelevant - that they should pursue their passion and things would just work out, because the important thing was going to college. So they majored in things like English, Philosophy, and Psychology. And then they graduated with those degrees expecting the world to pay them a comfortable six figure salary. Except that nobody wanted those skills. Even worse, they took on debt to do it. So upon graduation with a fine mastery of medieval English literature, they found themselves saddled with debt and no job prospects.

People like you and the other guy in this thread, on the other hand, did exactly the right thing. You took on a level of debt that was commensurate with the earning power of the degree you obtained. That's how this is supposed to work. You look at the value you can get out of the degree, and you compare that to the cost of obtaining it, and if a > b, you do it. That worked out for you not because you were lucky, but because you made the right decisions and you put in the effort required to realize the benefits.

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