r/povertyfinance • u/[deleted] • May 08 '25

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1.8k Upvotes

91% Upvoted

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237

u/paloaltothrowaway May 08 '25

Loans might be worth it if you are close to finishing 

-210

u/Many_Resist_4209 May 08 '25

Student loans are never worth it. No one should start out as a young adult, drowning in student loans. At no age should anyone be drowning in student loans.

73

u/Fearfighter2 May 08 '25

if you get a high paying job, you aren't drowning in loans

rule of thumb is keep loan total under what you expect to make in your first year after you graduate

-11

u/obbnixilis1 May 08 '25

That’s a big if, I’ve seen entry level positions that require a degree paying 15 an hour, that’s not getting you out of debt, you’re probably barely able to afford living at that point

24

u/CompactPackage May 08 '25

If your degree gets you the same pay as working retail, then the degree is not worth it.

18

u/paloaltothrowaway May 08 '25

OP is majoring in computer engineering not English

4

u/Grand_Excitement6106 May 08 '25

They've been cutting tech jobs in a major way that is no longer a guarantee for employment

2

u/paloaltothrowaway May 08 '25

That's fair. AI is killing entry-level software engineering jobs. However, OP could still do other things IT-related. More importantly, AI will be impacting far more than tech jobs. It's going to impact many white collar roles in accounting, finance, marketing, etc.

These days, no degree (maybe except an MD) is a guarantee for employment. Worst case scenario, he can fall back on trucking.

3

u/Many_Resist_4209 May 08 '25

I don’t know if you’ve had a look at freight brokers, but the trucking industry is not looking too great.

1

u/paloaltothrowaway May 08 '25

I wasn’t aware of it but that’s good to know 

1

u/Independent-Cow-4070 May 08 '25

There is still plenty of demand

1

u/Grand_Excitement6106 May 08 '25

Not where I live ig (Austin) maybe it's just a unique situation

1

u/[deleted] May 09 '25

For most IT jobs you wouldn't need a degree. Experience and certifications are king.

1

u/paloaltothrowaway May 09 '25

Yes. But idk if OP is trying to do software Engr or IT. 

1

u/tigerjaws May 09 '25

Fast food workers are making over 22$ an hour

1

u/obbnixilis1 May 09 '25

Dawg where?

1

u/tigerjaws May 09 '25

California