Anonymous asked in Education & ReferenceHigher Education (University +) · 2 months ago

How do you feel about people who don't want to go to college because they don't want to owe student loan/be in debt?

A friend of mine is 21 and works full-time at a grocery store. Back in high school, she said she was going to go to college for Accounting but now she's saying she doesn't think it's worth the student loans. She claims there's not too many jobs that pay well where she's at to justify the cost of getting a bachelor's degree. Her famous saying is "Getting an advanced degree is expensive and I feel there's more options for now."

Is she making a bad choice by skipping college? I thought everyone said Accounting is an excellent career path in terms of hiring prospects snd earning potential.

6 Answers

  • Dan
    Lv 6
    1 month ago
    Favourite answer

    It's now common for older people to go to college. That's a game changer. Takes the pressure off of having to do it now or never. Your friend has options. She can always go later and her major may be different in 10 years.  

  • ?
    Lv 4
    1 month ago

    College doesn’t have to be expensive you can go to a local community college and get it free and transfer to a very cheap state college owning very little debt below 16k

  • Anonymous
    1 month ago

    I'd say that's a pretty good aspiration and she's making the best financial decision for her future.  All that debt will be a huge set back and will likely prevent her from achieving any future goals.  

    A college degree isn't an automatic qualifier.  It doesn't guarantee her a job in accounting and it isn't the magical solution to all life's problems that everyone seems to believe it is.  It's likely to create more problems for her than it will ever solve.  You know who's problems it does solve?  Everyone who stands to make money at her expense.  This may include the schools, teachers, staff, politicians, judges, lawyers, lenders, loan servicers, debt collectors, credit counselors, scammers, etc.  Really messed up, isn't it??  They've created a whole ecosystem of corruption yet they always wanna blame the students for being irresponsible.  Criminals always blame their victims.

  • 1 month ago

    She could be making a very smart move. 4 years of wages instead of debt will allow her to buy a house sooner , and that price and interest rate differential (vs the college student with loans) will save her a small fortune over her lifetime.  PLUS ... she has health insurance and a pension plan.

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  • John
    Lv 6
    2 months ago

    There is currently a good deal of pressure from certain circles, including on the internet, that one should not go into debt to go to college.  Refusing to get an education due to student loans is as unwise a decision as borrowing to the max.  

    Done properly, student loans can be an excellent investment in ones future.  Done incorrectly, they can turn into an anchor around the graduate's neck.  

  • 2 months ago

    Yes, it sounds like she's making excuses. Maybe she's afraid she won't be successful in college. Accounting majors are heavily recruited by insurance firms and others. Jobs in accounting certainly pay more than working in a grocery store! You can Google average starting salaries in different professions. Try showing her what she could be earning. 

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