Life happens and honestly I didn't give a shit about finishing up at 36 years old. The shiny degree wouldn't have made a difference in my life. And after helping in the hiring process and reading countless resumes I don't even skim the education section. I am not going to be impressed by the diploma. I will be impressed by relevant factors related to working with you.
And seriously, trying to convince a college student to drop 30k on a credit card is awful.
30k USD per semester is on the high side. There are plenty of state schools that have in-state tuition that ends up being about 30k USD for all 4 years.
Not everyone is lucky enough to live in a state with a good one, however.
For public university tuition it is. $30k for a semester's tuition is very expensive for the sticker price for a private university (most students aren't paying the sticker price).
A semester at any old American university could be $30k, especially for out of state tuition.
It's pretty easy to get $30k+ credit limits, I have two cards with over $40k limits (I do points milling/never carry a balance). If I were to max my total credit limit on all cards and pay minimum payments it would take 86 years to pay off.
>A semester at any old American university could be $30k, especially for out of state tuition.
For public schools the average out of state tuition is about $10k.
The absolute highest is $23k. In state is much cheaper on average.
For private schools, $30k a semester is sticker price at an expensive school.
Very few college students can get limits that high.
> If I were to max my total credit limit on all cards and pay minimum payments it would take 86 years to pay off.
Most large credit cards charge accrued interest for the month plus 1% of balance (once your balance gets above a certain amount). It wouldn't take anywhere near 86 years for the majority of credit cards.
A 4-year degree at many American colleges can easily run to a quarter-mil. No I’m not kidding. That’s why it’s so incredible that people go there for anything other than employable degrees. What privilege level is a person on who can drop that kind of money just for fun? But there seem to be lots of them
That's sticker price at the most expensive private universities in the US. Even most of the students attending those universities aren't actually paying that.
And seriously, trying to convince a college student to drop 30k on a credit card is awful.