Many choose a four year degree to make a living in a career they really enjoy, so maximum profit or income is not always the end goal for everyone. We have two granddaughters who are HS juniors so we will see next fall how things play out. We have put monies away for all 3 of our granddaughters so we can help with expenses.

Bryce

Too many kids think college is an extension of high school and party hardy and get out with a degree in basket weaving history and want to sue the college when they can't get a job.

Many choose a 4 year degree for the "college experience". Drinking, partying, and sex. Get by that and you may have something when your done.

My granddaughter is off to CMU here in Michigan and pursuing to be a PA (Physicians Assistant). It will take 2.5 years to become one.

She already has 3-4 years under her belt in the medical field from Ferris College. So the time is going to be spent to finish the degree in medical field.

My question is, "why do these kids have to pay 10-11% interest on a student loan? She doesn't need to have someone forgive her loans.

You would think the Federal educational system would be more generous through the bank.

I can buy a car for less interest on a 5 year loan.

Any help on suggestions would be appreciated.

No, they don't. Those things are a byproduct of going to college if you are lucky!

I mentioned a young fellow I met at the airport in NYC heading to Maine to pursue a four year degree in music at $50,000 a year. $200,000 in student loans for a four year degree. Maybe it will work out and he becomes the next Keith Richards. Highly doubtful.

[quote=Posco]I mentioned a young fellow I met at the airport in NYC heading to Maine to pursue a four year degree in music at $50,000 a year. $200,000 in student loans for a four year degree. Maybe it will work out and he becomes the next Keith Richards. Highly doubtful.