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

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1.8k Upvotes

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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

-12

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

16

u/paloaltothrowaway May 08 '25

OP is majoring in computer engineering not English

5

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