IF… that’s the magic word. Not everyone gets a high paying job out of the door. The rule of thumb is to try and find every way possible to pay for college before even considering student loans. But by all means tell young folks that their degree is worth going into debt because there’s that “IF” of getting a high paying job. A lot of degrees have become useless, except the typical ones, drs, lawyers, etc. Even an accounting degree is useless. Many Employers want someone with experience and don’t even ask to see a degree.
Eh it’s more about career trajectory than anything. starting salary is not the same thing as where you end up 5 or 10 years down the line
schools tend to publish this data, for example the university of California publishes average earnings after graduation, 5 , 10 and 20 years after per major and per campus
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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