Say I borrow money to go to college to better myself?

Question

Let's say after six to eight years of school, I've gotten a good education. But the down side is, I owe about 50,000 in student loans. So even before I start out, I've got what amounts to another mortgage payment every month.
So I get a job that pays about 100,000 a year. That means I fit into the whole "tax the rich" idea. And next thing you know, my take-home salary ends up being 60,000. But I'm not living like the rich -- I'm living middle class. I'm a doctor, or a professor, or a publisher. But I'm living the same as someone with a two-year degree.
Is that fair?

this is not about free education. this is about taxing the rich. jeez why do people twist around everything I say?

Answer 1

Nope. I have never understood the "logic" that surrounds the more tax to the rich idea....the more you make, the more you pay in income tax already...I realize there are some that are handed their money, but most work hard, and study hard to get where they are...I'm in the process of it myself. When I get done with grad school..I'll owe upwards of 70 grand...just for education. So, I'll have the double mortgage thing...and be the worlds only broke lawyer...go figure.

Answer 2

But soon you won't even be middle class. The Alternative Minimum Tax looms large, so you won't be able to deduct your property or state income tax. You'll be bringing home less than $50k when you achieve the "American Dream." We're almost $10 trillion government debt already and by the time the baby boomers over-consume the social security trust fund and medicare the same way they've overconsumed the planet with their big SUV's and power boats and snow-mobiles and mobile homes, your generation will be over $50 trillion in debt. Your future is one of slavery, not middle class. And that's assuming the Republicans stay in power. If the Democrats get back in, it'll be even worse. Such is the legacy of the "Me" generation. And you are not "Me." Too bad.

Answer 3

I believe that it's fair enough, because you must have done something to get yourself into this situation. So in order to better yourself, you need to deal with the problems lying right before you, so that the future wont come as such a shock. And, think about it, there are people out there who are living off of a high school diploma, or maybe even a GED! So not only is 60,000 dollars a good amount of money to bring in, but it's pretty bomb if you ask meeh, plus you get to wear your accomplishments as a crown!

Answer 4

Yes, you'll eventually pay off your student loans and other debt and be able to keep more of your money. I'm a fancy person who worked enough summer jobs to pay for my fancy BA as I was getting it. And right now with no debt and a decent job I live like a college student.
And really I make less then you posted and I'm doing better then 90% of the world. Suck it up life's not fair, and what you're complaining about is relatively minor.

Answer 5

your stats are wrong... you won't be making $60,000 with only a two-year degree starting out.... maybe in California... odds are you've just going to be making around 20,000-30,000 starting out with a 2-year degree...

and only 20 percent of Americans make over $80,000 in a HOUSEHOLD, according to the census... which is often two incomes...

and many people are getting much more than just $50,000 in debt after going to school that long? Where did you go to school... sounds like a good deal for 6-8 years?

the situation is often much worse on all fronts... making much less than you are with more debt... professors won't make that much and you're not going to start out as a publisher...

it sounds like your situation is MUCH more fair than the situation many Americans are in... making less with more debt...

in short... you're making more than the vast majority starting out... and that should increase and with that increase... you will be MUCH luckier than most...

oh and those people that make $60,000... they pay taxes too and probably only clear about $45,000... and they are relatively high payed compared to the majority in America...

Answer 6

It is actually fair to tax the rich, because if the rich and middle class were not in different tax brackets, then inflation would go through the roof and no one would be able to afford anything, throwing the country into turmoil

Answer 7

If you love your job it is because it is likely that the two-year degree wouldn't have the opportunity to do the work you are doing. Also, you have to start somewhere and with your good education you will likely have many more opportunities to advance in your career. Yes, some 2 year degrees have the opportunity to advance, but the chances and opportunities are fewer.

Answer 8

Yes! It's fair! Eventually your loan will be paid off and you will be a millionaire!!! What? You think you should get a free education at the expense of everyone else? Grow up you selfish little geek!!

Answer 9

honey, first of all, that is not middle class.

what are you wanting? to pay fewer taxes? make more money? force people who make less than you to pay for your share?

maybe you should look into why you chose to go to school for that long. a person with a two year degree in say, something to do with a computer can make good money, and with less debt. graphic design is another two year degree that can yield excellent income..

imo, if you make more money, more taxes should be charged.

Answer 10

welcome to real life. if you want to take on student loans than you have to take on the burden of paying them back. think of the question this way: is it fair that you have to pay back your student loans? higher education is a business and you are the customer. you have to pay for the service that college provides to you. if you don't like the idea of owing $50,000 i suggest you find a different way to pay for college.