Another cautionary debt story

SlitheyTove
Fri, 24 Oct 2008 15:38:24 +0000

futurenyustudent, I was the one who mentioned “plum” jobs.

Again: the subject of the original article got a degree from USC, a much more “connected” school than a Cal State. I agree that he was far more likely to get a plum job at the more “connected” school. But, he didn’t. He’s earning $41k a year at an LA-area industrial firm. That’s a job that a Cal State student could have a few years out of undergrad, without the massive student loan debt load.

ceteris paribus, same student at two different schools (a Cal State vs USC): same job outcome, much different debt outcome.