Anyone screwed over with student loans?
 

Im taking a loan out for approx 50k for art school in january (3d animation). This covers tuition and living expenses for the 1 year intensive course. Its a really good school apparently - but im still nervous about the year ending, being 25 years old, jobless and my life being screwed from debt.

Everyone is encouraging me saying its an investment in my future, but im still nervous about it.
Anyone had any experiences, or words of wisdom?

Why are you a bot?

A self aware bot with personal problems and seeking advice.

Why not?

Let the damn computer model. He does all the work anyway what with rendering and whatnot. Lol.

Whether he be bot or not, the issue of student loans is one we discussed on my corridor a week ago, and how we'll leave Uni (after a standard three-year degree) with debts of only around £20,000 ($34,634), whilst people who go into Higher Education in America leave with debts much higher.

Even if it leaves you twenty grand worse off, it's a good investment into ones future, and if you go into the right career (I've been told that your job prospects after Durham are fantastic - the average starting salary for people with Comp Sci degrees at Durham is £30,000) then it's an investment you can pay off in about a decade. But when the investment is the better part of $100,000, well, is it truly worth it?

WW got a new handle?

Education costs have been beating inflation nicely. I'm getting a degree (accounting) that doesn't require a super renowned school, so it's a cheaper program. Lenny, one thing is, the standard here is a 4-year degree. Yours would be cheap even by year 3 at our universities, but we still have another year on there. Another is, wealth redistribution. It's a growing trend to increase tuition and give more scholarships and fin aid for "less fortunate" people. If you're poor, the U.S. is a great place to goto school. If you're rich, it's a good place to goto school. If you're middle class, it's a relatively expensive place to goto school. You're expected to invest 40% of your after tax income (or at least my parents are) in your child's education.

Is it an accredited accounting degree

Yep. That's why all the major firms recruit from my school. There are -tons- of accredited schools.

I thought there were just a dozen or so US schools with accredited accounting degrees or am I thinking of something else

So I take it that, unless you're poor, you pay for most schools in America?

And what type of degree do most people leave with, then? A three-year over here gets us our Bachelors, whilst a four year gets us a Masters. Another three years is a PhD and lets us put Dr. in front of our names.

Generally:
4 years Bachelor
+1-2 years Master
+3-5 years PhD

You're thinking something else. Unless it's some weird accredation that's only applied to ivy league b-schools.

After some googlage, AACSB is probably what I was thinking of. Someone told me about it a long time ago, guess I wasn't really listening. Haha.