Fine, rack up "smart debt" to the point where 60% of income is going to pay it off and then try to qualify for a mortgage. Or maybe you can buy stock on credit like in the 1920s....
If you can not have debt, that's better.
You are taking it rather personally.
In your particular case the numbers worked out. Good for you. In the vast majority of the cases it won't work out. Most people wont be able to compress their degree to 3 years. Most won't make enough money out of the gate to make up for the loans.
I have delt with the core of your arguement. But you keep insisting that on campus living and student loan debt is some how magically going to translate into finishing in 3 years and making up for it by an extra year working. It won't, it doesn't except in the special case.
Having gone to the engineering school that paid for a big study that showed we were the poorest engineering student body in the nation, I think I have just a wee bit of clue how people did it.
Yeah, I have two engineering degrees and never set foot in a lab... WTF? I had lab clbuttes and was the TA-instructor for lab clbuttes too.... Hell if you think taking the lab course took a lot of time, you should try running them. I spent more time on the teaching side of it than the student side. I'd have to set up the lab, be there durring the lab, and then spend more time grading the reports than it would take me to write them. Then tear down the lab set ups.
You are very lucky and very odd you could compress it. You must have gone to a school that offered everything every semester or your course of study had a lot of electives. Not the case most places. In my program there were very few clbuttes offered every semester. Many were offered once a year. Summers are when I worked, but had limited offerings anyway. With pre-reqs there wasn't any way a whole year could be compressed out. A semester yes, a year? No.
Not talking 5 years. Talking the standard 4. And you unpleasant woman about changing the arguement.
Good for you. By the book for my course of study where I went was 17 or 18 every semester. True, one had full-time status at 14 credit hours, but the MINIMUM to get out in 4 years was 17 or 18 every semster. One extra clbutt a semster would mean 21 CH. (I could also add in the huge military scholorship segment, that uped their minimum to 21 CH) One extra clbutt a semester would, if schedule allowed it to happen, trim one semester off.
Good for you. I had AP credits that had me a half semster ahead the moment I walked in the door.
And I didn't argue it was.
Debt is debt when it comes to borrowing. The next guy to loan you money doesn't care if you owe money for student loans or plasma TV. He just knows you don't have enough money to cover what he's going to loan you.
And there is no reason to take them if you can meet your goals without them.
