Dear Readers: I have been on the road. For today's post, I am stealing a comment left by Logan Leger, a fellow I met (in real life) a while back. He wrote in response to one of my no doubt tiresome ruminations on college debt. Anyway, here is a rumination from an actual student. One not related to me.
I've been meaning to respond to this article for a while. I don't have any advice for the reader, but I would like to talk about my situation.
After high school, I had a lot of choices, including some big scholarships at some great schools. Unfortunately, my family also falls in that doughnut and couldn't afford to cover the remaining expenses. Moreover, my parents were adamant about not taking any loans and graduating debt free. This left me only one choice: state school, where nearly 100% of expenses were covered.
Now, I'm in the position of graduating in three years with an engineering degree from a school that has a national name, and debt free to boot. At first I was angry my parents wouldn't cosign a loan and felt trapped. Now, however, I realize how good of a decision it was. Not having any debt and having financial freedom really opens me up for a lot of opportunities.
This brings me to my final point. I was born an engineer, but I was born an entrepreneur first. Being at a state school opens my schedule up to pursue many ventures. Had I gone to a more prestigious school, I would never have had the time. And, after I graduate I won't have to work in the system because after three years of hard startup work, one of my startups will reach profitability, enough to sustain me because I have no debt.
I have a great degree I can use to make good money in my life. But because I ended up at the state school, I can pursue my dream.
July 5, 2010 3:58 PM
A very impressive fellow, don't you think?