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+--- Thread: Six Figures in Debt for a Master's Degree (/Thread-Six-Figures-in-Debt-for-a-Master-s-Degree)
Six Figures in Debt for a Master's Degree - Life Long Learning - 06-03-2019
I read "Inside Higher Ed" often after I skip over the trash they generally write about. In some ways, Higher Ed is a sad unprofessional profession.
This article is good. My former boss was a USC social worker deep in dept and still paying off debt to age 60. Formal education (degrees) and being smart are not the same thing!
https://www.insidehighered.com/news/2019/06/03/updated-college-scorecard-puts-spotlight-graduate-student-borrowing?utm_source=Inside+Higher+Ed&utm_campaign=5aa5d98291-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-5aa5d98291-234755669&mc_cid=5aa5d98291&mc_eid=2e2bda379e
RE: Six Figures in Debt for a Master's Degree - sanantone - 06-04-2019
There are many cheap, podunk state colleges that offer MSW programs. If you know that you're only going to be making $50k per year, then you shouldn't be spending a lot of money on your master's degree. I don't feel sorry for these people because they're college-educated and usually over the age of 25 by the time they pursue a master's degree.
Many of these people are taking out private loans to supplement their federal financial aid, so credit checks are not stopping them.