Is a 529 account worth it for MBA?
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Coach
Off Topic :
1) When Does a software engineer start financial planning for retirement since the our Career span is only 15-20 years on average.
2) How much and which schemes to invest to mitigate the risk?
3) How much do we need for retirement?
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dang i must be a quiet one lmao
How often do you job hop or plan to?
Cheers 🥂 What an amazing 6 years with this firm
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Chief
This is the next bubble. We have too many schools and too many which are really crappy that charge 25 to 30k a year to attend which result in poor jobs. First thing to fix this is align loan amounts to the value of the job. You shouldn't be ably to take out 80k in loans to be a history major
Colleges add layers of administrative roles. College costs grow disproportionately to rate of inflation. Students take out massive loans backed by government, removing natural market pressures for colleges to reign in expenses. Students graduate saddled with massive debt and default. Government stuck with loan repayment crisis. Colleges feel no pain. Taxpayers and students screwed.
Pro
Good thing the cost isn’t spread across on average and is based on the wealth of the individual.
Fully aware. That and the burden would also be spread over corporate, sales, other taxes. Used the figure for illustration of scale.
Oh the rich will pay for that.
And all the new entitlements Biden rolled out last night. And the next set of ideas.
And their behavior won’t change at all and the revenue projections will come out exactly as planned.
Just $12k? Not from me
Chief
They should all consolidated into a single online school. Single recorded lecture for everybody and then have TA’s answering questions or running office hours online.
Great article. Thanks for sharing, and I had no idea this was an ongoing debate within the CBO. It sheds light on the difficulties underlying the valuation of the federal loan program and why it was (is) considered profitable despite the reality that the federal government isn’t shrinking the deficit because of the program. I understand why neither side of the aisle wants to adopt that model from Mr. Courtney since it immediately balloons the deficit. Creative accounting strikes again!