Brent P
Ignoring the argument to place your own false spin doesn't improve your position.
Fine, let me ask again:
Did you save up every dime and pay cash for your house? No? Why not? If all debt is bad debt, then how can you go into debt?
Better than what? Getting poorer grades, potentially? Taking longer to get through school?
The dogmatic "it's better not to have debt" position is stupid and short-sighted.
No, I'm calling a duck a duck.
So, going into debt *can* be a good thing? Which is it - good, or bad?
No - you keep inserting your own: "all debt is bad."
Actually, I have insisted no such thing.
I used my own case as *one of the examples* where taking student loan debt can be a positive thing.
You'll have to translate that into English and explain how it relates to my comment.
For real people, lab clbuttes are the biggest expediture of time for the least amount of credit. A two-credit-hour clbutt can take up to 4 hours per week in-lab and that much again out-of-lab. Take three of those per term, and tell me how you can work a McJob and sleep, two. This doesn't count those lightweight courses like organic or physical chemistry. (LOL)
Did that, too. My only paying job during the school year. Used it for internship credits, LOL.
Grading lab reports and dealing with whiney students is a big time-waster.
No, I was able to do things slightly out of order, or concurrently. It happened to work out - someone trying to do something my way the very next year would have had a harder time of it.
No - you brought up a longer time frame. If you work your way through school instead of taking loans, do it part time, and take 7 years to get through, have you really accomplished a great thing? Merely for the sake of "no debt?" Doesn't sound fiscally equivalent to me.
(Someone who works here that did exactly that.)
At our university, a B.S. in chemistry could happen in as little as 3.5 years, doing it the standard way. This is for the math and science clbuttes - folks were encouraged to use the last semester to finish up the other university core requirements. What I did was not much of an accomplishment - except that I got those core clbuttes done quickly, and sought permission to take clbuttes concurrently or out of order.
But it required me to be within walking distance of my clbuttes and not take any additional time required for a McJob.
All debt is the same, you say. Pedantically, yes, it is. In reality, it isn't. Buying a new car on time is a double fiscal foolishness. Buying a house usually results in aquiring an appreciating buttet.
The debt looks alike on your credit score, but that's not my point. I know it's *your* point, however.
And I'm not talking about borrowing. Any fool could have figured that out by now.
And what difference does that make in this discussion? Do student loans ruin your life out of college or not?
How about if you can exceed your goals with them?
E.P.
