> One friend recently told me that her son has his heart set on a pricey out-of-state engineering program, despite the fact that a fantastic engineering program exists at the public university in our town. “It’s a reach school, but if he gets in he’ll probably go there—and I guess deal with a lot of student loan debt afterward,” she said with a laugh.
I don't understand this from the article. I went to a pricey out-of-state engineering school, took out significant loans, got a good engineering job, and paid them off in less than 5 years. Taking out loans to obtain a fancy degree in a low paying profession isn't the same as taking out loans to obtain fancy degrees in a high paying profession, but the article gives them similar treatment.
I don't understand this from the article. I went to a pricey out-of-state engineering school, took out significant loans, got a good engineering job, and paid them off in less than 5 years. Taking out loans to obtain a fancy degree in a low paying profession isn't the same as taking out loans to obtain fancy degrees in a high paying profession, but the article gives them similar treatment.