Comments on: When Good Debt is Bad http://amoderngal.com/2009/12/06/when-good-debt-is-bad/ Healthy Living, without Breaking the Bank Mon, 06 Sep 2010 19:34:14 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Elizabeth http://amoderngal.com/2009/12/06/when-good-debt-is-bad/comment-page-1/#comment-4860 Elizabeth Sat, 12 Dec 2009 22:37:46 +0000 http://amoderngal.com/?p=2164#comment-4860 Bret, the contrast of college tuition to wage increases is what struck me. Of course debt has made up the difference. I hope this topic merits more discussion among families and policy makers and universities over the next few years. Thanks for commenting. Bret, the contrast of college tuition to wage increases is what struck me. Of course debt has made up the difference. I hope this topic merits more discussion among families and policy makers and universities over the next few years. Thanks for commenting.

]]> By: Bret @ Hope to Prosper http://amoderngal.com/2009/12/06/when-good-debt-is-bad/comment-page-1/#comment-4856 Bret @ Hope to Prosper Fri, 11 Dec 2009 22:03:00 +0000 http://amoderngal.com/?p=2164#comment-4856 Elizabeth, I covered this topic in a similar piece about bad career moves. And, I have recently met or talked to a number of people who have insane student loan debt. IMHO, student loans are one of the reasons the costs of a college education is soaring. If people had to pay for college as they attended (like we did in the old days), I imagine there would be way fewer people lining up to pay $30K per year. It's tough to say whether doing away with student loans would make college only affordable to the wealthy or lower the cost for everyone. One thing I can say for sure is that our educational system can't keep raising costs well above inflation, when real wages are flat. Until something changes, I feel sorry for our college students. Elizabeth,

I covered this topic in a similar piece about bad career moves. And, I have recently met or talked to a number of people who have insane student loan debt. IMHO, student loans are one of the reasons the costs of a college education is soaring. If people had to pay for college as they attended (like we did in the old days), I imagine there would be way fewer people lining up to pay $30K per year.

It’s tough to say whether doing away with student loans would make college only affordable to the wealthy or lower the cost for everyone. One thing I can say for sure is that our educational system can’t keep raising costs well above inflation, when real wages are flat. Until something changes, I feel sorry for our college students.

]]> By: Elizabeth http://amoderngal.com/2009/12/06/when-good-debt-is-bad/comment-page-1/#comment-4800 Elizabeth Tue, 08 Dec 2009 00:17:21 +0000 http://amoderngal.com/?p=2164#comment-4800 Betty, this is one of my bugbears too. And, until very recently, it seemed taboo to discuss openly. I have met many people (and heard of far more) who have accumulated tens if not hundreds of thousands of dollars of debt for an MFA or an MA in literature or social work. Sadly, they didn't see the cost-benefit balance earlier. Thanks for commenting. Betty, this is one of my bugbears too. And, until very recently, it seemed taboo to discuss openly. I have met many people (and heard of far more) who have accumulated tens if not hundreds of thousands of dollars of debt for an MFA or an MA in literature or social work. Sadly, they didn’t see the cost-benefit balance earlier.

Thanks for commenting.

]]> By: Betty Kincaid http://amoderngal.com/2009/12/06/when-good-debt-is-bad/comment-page-1/#comment-4798 Betty Kincaid Mon, 07 Dec 2009 23:47:13 +0000 http://amoderngal.com/?p=2164#comment-4798 Elizabeth, You've hit on one of my personal bugbears-paying too much for your post-secondary education. If you're going to school for a traditionally lower paying profession (teaching, nursing) you probably don't want to rack up a 6-figure student loan balance. State Universities & Community Colleges are great alternatives especially for students who need to work full-time as well as attend school. Thanks for the great post. Betty Elizabeth,

You’ve hit on one of my personal bugbears-paying too much for your post-secondary education. If you’re going to school for a traditionally lower paying profession (teaching, nursing) you probably don’t want to rack up a 6-figure student loan balance.

State Universities & Community Colleges are great alternatives especially for students who need to work full-time as well as attend school.

Thanks for the great post.

Betty

]]> By: Carnival of Personal Finance #234 : Carnival of Personal Finance http://amoderngal.com/2009/12/06/when-good-debt-is-bad/comment-page-1/#comment-4796 Carnival of Personal Finance #234 : Carnival of Personal Finance Mon, 07 Dec 2009 20:40:10 +0000 http://amoderngal.com/?p=2164#comment-4796 [...] Here are his Editor’s Picks: Foreigner’s Finance/strong>: Four gripes with Japanese personal finance The Personal Financier: The dangers of excessive frugality and budgeting Funny About Money: When Giving Goes Awry Modern Gal: When Good Debt is Bad [...] [...] Here are his Editor’s Picks: Foreigner’s Finance/strong>: Four gripes with Japanese personal finance The Personal Financier: The dangers of excessive frugality and budgeting Funny About Money: When Giving Goes Awry Modern Gal: When Good Debt is Bad [...]

]]> By: Carnival of Personal Finance #234 – Weirdest Toy Crazes Edition | Suburban Dollar http://amoderngal.com/2009/12/06/when-good-debt-is-bad/comment-page-1/#comment-4793 Carnival of Personal Finance #234 – Weirdest Toy Crazes Edition | Suburban Dollar Mon, 07 Dec 2009 13:04:36 +0000 http://amoderngal.com/?p=2164#comment-4793 [...] Gal explains when good debt is bad. The age old debate about good and bad debt continues on. Many people consider mortgage and [...] [...] Gal explains when good debt is bad. The age old debate about good and bad debt continues on. Many people consider mortgage and [...]

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