Quote:
Originally Posted by BNR32_Coupe
I meant to insure a car, up living conditions, etc, given that you're confident you'll be able to repay it afterwards. On redflagdeals forums, a lot of the new grads that land 40k jobs right off the bat (minimum i might add) have something like 30k in debt average. one guy had debt as high as 80k because of cost of living, and maintaining his present standard of living rather than sharing a room with a dirty family, eating sardines out of a can, and taking the bus in the pouring rain after a long day of school
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Graduating $80K in debt is not smart. Even with a $80K/yr job, how long is that going to take to pay off? Especially considering with $80K/yr he'll want to "up" his lifestyle.
That guy did not learn anything in university. Living off money you don't have is dumb.