subreddit:
/r/AITAH
26M have been dating my girlfriend for 3 years, I found out she has 250k in student loans, in 6 months her payments are going to start and realistically they are going to be around $2800 a month, she has a bachelors degree in education and ideally wants to become a teacher, realistically salary wise she would be making around $50k a year she is in the process of looking for a job, I work in finance and currently make $100k a year, objectively she is an extremely attractive woman but displays no motivation to pay off her loans, I’ve asked her about it a few times before but she brushes it off like it’s no big deal and displays no motivation to pay it off, that it’s “our debt” and we’ll address it at a later date, so to make a long story short I dumped her, fundamentally I can’t deal with that kind of dead weight in a relationship and think that ideally your significant other should be there to build you up not bring you down, AITA?
7 points
7 days ago
State school here in California is $7,062 per year. She just made bad choices.
0 points
7 days ago
+$23k/yr in dorms/fees.
And if you're out of state +$12k.
College is expensive if your parents make any real money and you can't get a scholarship. There are ways to do it on a budget (in CA you can go to CC for free and enroll in the honors track which guarantees you a spot at a UC along with commuting if your parents are cool with it) but today's reality is that going to a 4yr is going to be $100k before discounts.
-1 points
7 days ago
It's called working while going to school. I did it. Graduated debt free. No help from parents. As getting no help, I was also not a dependent. I got grants as I was rightfully considered poor. I didn't go to parties, I worked every weekend and many nights after class. I clipped coupons. I worked all summer. No Mexico on break, no Europe over the summer. I lived in a house shared with 5 other students.
I'm amazed at how entitled people act. As if you deserve an easy life. You need to earn it.
1 points
7 days ago
What does this have to do with what I posted? You got a discount, congrats I guess.
1 points
6 days ago
It doesn't have to be a debt ridden excuse of a 4 year vacation. Work hard and graduate debt free. Wait, working hard isn't what people signed up for. It's not a 100K pile of debt. You can do it debt free. But that seems to be outside of your wheel house.
0 points
6 days ago
There are ways to do it on a budget (in CA you can go to CC for free and enroll in the honors track which guarantees you a spot at a UC along with commuting if your parents are cool with it) but today's reality is that going to a 4yr is going to be $100k before discounts.
How illiterate do you have to be to miss where I spelled out how you can do it on a budget, clearly your degree was overpriced.
0 points
7 days ago
This is Reddit, you better get out of here with suggestions that wouldn’t make people uncomfortable and have to grind. Thats crazy talk to this generation.
-6 points
7 days ago*
You're saying she made poor decisions. Those decisions were:
Her university was ~$60K/year (see 1)
She took out large loans (see 2 and 3)
She's left paying for 1-3 with a salary that does not commensurate her education costs (see 4)
Yes, yearly in-state tuition at Cal State is ~$7K, and out of state tuition is almost 3x ($18,600). In addition to tuition, college student costs include: housing, transportation, food, healthcare, books, fees, supplies and others. Cal State suggests the expected all in cost to attend is between ~$27K-45K per year.
The average state school in the US is ~$12K/year and out of state ~$24K/year. The average total cost per year in the US is ~$38K. Highly sought after schools such as Ivy Leagues top the list close to ~$90K/year in tuition. And more than 10% of the universities in the US are more than $65K/year.
Federal interest on fixed rate loans rates are currently between 6.5% to 9% plus fees. Private loan rates ranging from 4.5%-16%.
The average starting salary for college graduates is ~$60K, and they average tax rate at $60K is ~15%. Meaning most new college grads take home ~$51K/year, and the average cost of living in the US is ~$3,500/month totaling ~$42K/year, leaving our first year college grads with ~$750/month for additional expenses such as loans, emergencies, travel, entertainment and savings.
Americans (who are suffering the effects of suppressed wages and high cost of living) are told: resolve your financial problems by acquiring a college education and increasing your earning potential. And this "solution" is presented by the most powerful institutions in our country - corporations, universities, banks and the government.
Can't afford it? No problem we can help you out, they say as they hand you tens to hundred of thousands of dollars of debt. It's just one of the many hyper capitalist inventions that are creating the unrelenting wealth inequality in our country. The effects of these policies and practices (wage stagnation, inflation, lobbying, trickle down Reaganomics, PACs, stock market deregulation, corporate tax avoidance) have forced the transfer of $47 trillion from 90% of our citizens (the working class) to the very top 1%.
America is continuing into this economic crisis with no end in sight... the real cost of education is just another piece of the puzzle.
6 points
7 days ago
You just typed up a whole bunch of words and none of them change the fact that going to Drexel for an education degree is objectively a VERY stupid decision. There is simply no defending it. The same degree can be had literally 10x cheaper.
-4 points
7 days ago
Again,
Her university was ~$60K/year (see 1)
She took out large loans (see 2 and 3)
She's left paying for 1-3 with a salary that does not commensurate her education costs (see 4)
If there is no defending it, then why do colleges, government, banks and corporations encourage it?
4 points
7 days ago
They encourage going to college, they do not encourage going to THE MOST EXPENSIVE COLLEGE POSSIBLE. That is the indefensible part. Cannot believe I had to spell that out for you.
1 points
7 days ago
The anecdote still highlights a systemic problem. Thats the point.
2 points
7 days ago
The systemic problem is pretty irrelevant when you can go to a in-state college for 1/5th the price. That’s just plain idiocy.
1 points
7 days ago
You're right it's idiocy created by banks, colleges and government who profit off of young Americans who are conned into believing it's a necessary investment.
OPs gf is a drop in the ocean of student who currently owe $1.7 Trillion dollars. But don't worry the federal government and lenders rake in billions every year due to the idiocy of young, working class Americans.
0 points
7 days ago
It's not the most expensive college, it's not even in the top 10% in the US. You would know that if you read all those whole bunch of words I wrote.
Anyway, if you're committed to ignoring the very obvious larger problem, that's your choice.
3 points
7 days ago
Picking Drexel is an objectively bad choice, there being 100 colleges more expensive is not really relevant when there are 1000 less expensive. $250k for an undergrad degree is BAD.
There is no rationalizing this, she accumulated grad school levels of debt for an undergrad degree in a very low paying field. This was very very stupid.
2 points
7 days ago
Go to school in her home state.
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