Archived For those of you that attended college how did you pay for it? (AskVoat)
submitted ago by ConceptualMan
Posted by: ConceptualMan
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Archived on: 12/7/2017 10:00:00 AM
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Archived For those of you that attended college how did you pay for it? (AskVoat)
submitted ago by ConceptualMan
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[–] rwbj ago (edited ago)
You can easily get student loans without a cosigner. Just search the web for info. Private student loans are guaranteed by the federal government and can never be dismissed, even in bankruptcy. Consequently companies give them out with completely reckless abandon since it's practically 0 risk from their perspective.
The important question is to clearly lay out your goals, reasons, and world view. Most people don't realize something. Currently 74% of individuals with a STEM degree, do not work in STEM. Competition is fierce and jobs are scarcer. The whole 'STEM shortage' is a complete myth. That article, from IEEE - the premier engineering association in the US, is a must read. It has only become more true.
I could go into a lot more detail there, but the long and short of it is that an education is no longer a simple path to a comfortable living in the US. If a field genuinely interests you for reasons other than the money then by all means give it a shot. But if your motivation is money, things aren't so simple.
In my opinion one of the most attractive options now a days is going to college abroad. Most European countries offer extremely subsidized, if not free, education for all comers. Going to a top university in Germany will run you about $120 per semester. And courses are often taught in English. Add in top notch health insurance and rent and you're looking at ~$7000 a year. You could genuinely pay your way through college part time flipping burgers or err... frying schnitzel?