VIDEO ON MSN MONEY
Your photo for UCSD is wrong!
The student's sweatshirt clearly says USD (University of San Diego). And the landscaping is NOT University of California, San Diego at La Jolla.
That aside, I get alumni calls from UCSD and am told that it is much more expensive for students now than is being claimed.
Makes me suspicious of the whole article.
If I checked correctly, the lowest percent of graduates with debt is 35%. Thus, at least one-third of the students graduate with debt. I see ranges of around 10,000 to well above 20,000. Three-year credit default rate? Most of the people who borrow for this will obviously be able to make minimum payments for a few years (this may include the sixth month grace period or not). Most people will have to change their major at least once. Is this for Associate's Degrees or B.A.'s? Also, some majors require you to attend a main campus which is usually more expensive, and this does not take into account other expenses which may be incurred. I wonder who is getting paid by recommending this? What motivation or interest does The Daily Beast have in telling people they have enough money to spend money like that?
Too many kids who have no business in college but feel they can waste the professors time and their parents money. Here is a tip. Stay at home in Mommy and Daddy's basement, play your xbox's and order Dominos Pizza and smoke your pot that you buy with your allowance. Stay off the campuses and maybe the people who really belong there can get in with a reasonable cost.
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