I don’t see how any of this is in conflict with my comment. Not treating loans like a blank check, and still being diligent and intentional about finding a cheap place to live, splitting the cost with roommate, not going out to eat a lot, having a budget, and generally watching what you spend to spend less, means there is less to pay off at the end.
Some people treat loan money like it grows on trees, because it basically does, and don’t think about the reality of having to pay off those extras until it’s too late and they’re under a mountain of debt.
Even with a full ride, the school makes a difference, as different areas will have more affordable student housing than others.
Even within a school, two people going to the same school, getting the same major, and spend dramatically differently based on lifestyle.
I think it’s funny that you think less college debt boils down to finding a “cheap” place to live with the current astronomical prices, going out to eat too much, and that people don’t have roommates. I’ll give you that those 18 to, say, 24 probably don’t have the best budgeting skills. But this comment comes across like those people telling to stop buying Starbucks and avocado toast.
I’m not saying that will make someone avoid all debt or anything, but if they can leave college with 10-20% less debt due to more frugal choices, they’ll be a lot better off. Less money spent is less money that needs to be paid back, and less money accruing interest.
How is trying to avoid needless spending when all that spending is being done with debt a controversial statement? Rent isn’t like the occasional coffee, it’s a major expense that can have a huge impact on the rest of a person’s budget, especially when adding up 4 years of it. If you can save $300/month on rent, that’s $14k you don’t have to try and pay back later, while also paying the rent for your current place. Shit adds up. That’s all I’m saying. You people are touchy.
I don’t see how any of this is in conflict with my comment. Not treating loans like a blank check, and still being diligent and intentional about finding a cheap place to live, splitting the cost with roommate, not going out to eat a lot, having a budget, and generally watching what you spend to spend less, means there is less to pay off at the end.
Some people treat loan money like it grows on trees, because it basically does, and don’t think about the reality of having to pay off those extras until it’s too late and they’re under a mountain of debt.
Even with a full ride, the school makes a difference, as different areas will have more affordable student housing than others.
Even within a school, two people going to the same school, getting the same major, and spend dramatically differently based on lifestyle.
I think it’s funny that you think less college debt boils down to finding a “cheap” place to live with the current astronomical prices, going out to eat too much, and that people don’t have roommates. I’ll give you that those 18 to, say, 24 probably don’t have the best budgeting skills. But this comment comes across like those people telling to stop buying Starbucks and avocado toast.
I’m not saying that will make someone avoid all debt or anything, but if they can leave college with 10-20% less debt due to more frugal choices, they’ll be a lot better off. Less money spent is less money that needs to be paid back, and less money accruing interest.
How is trying to avoid needless spending when all that spending is being done with debt a controversial statement? Rent isn’t like the occasional coffee, it’s a major expense that can have a huge impact on the rest of a person’s budget, especially when adding up 4 years of it. If you can save $300/month on rent, that’s $14k you don’t have to try and pay back later, while also paying the rent for your current place. Shit adds up. That’s all I’m saying. You people are touchy.