Saturday, November 27, 2010

Merry Christmas! And a Highly-Indebted 30 Years!

This lucky lady is going to have to pay back $200,000 for an undergraduate degree!

What $200,000 in Student Loans Looks Like.

She's asking for donations from the public. Ummmm....yeah. I can't get that excited over sending someone a dime for an undergraduate degree. Is Northeastern University worth that much? Even if it was OK, something tells me that I would be sending money to cover the cost of 4+ years of jello shots and pizza. It's a lot easier to manage your costs for undergraduate degrees simply because that person can knock out course credits at community college or arrange their schedule so they can work.

3 comments:

  1. Northeastern? Shoot, I don't even think an undergraduate degree at Yale is worth 200k.

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  2. Need more information.

    At first glance, it sounds nuts, and probably is nonetheless, to spend such a sum on undergrad. That said, an argument can be made for racking up this kind of debt if the kid has gotten accepted to medical school, i.e., a real profession, with a real shot therefore at making that debt up and having a real career.

    Otherwise, it's nuts.

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  3. Maybe she defaulted and got hit with collection costs.

    ReplyDelete