I'm still at the parents home at 30 years old. I have two masters degree and working on a third. I've been starting a business but things have been slow for starters. But, I have faith that'll pick up in the future.
I already owe a hefty amount of student loans $130,000 and am contemplating borrowing additional student loans for living expenses and continue to go to school so I can move out of my parents house. Is this a bad option in your opinion? In this economy it seems like it is my only option.
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There's nothing wrong with taking out student loans to go to school. Interest rates are at historical lows and investing in your education is a good thing. But, it's unusual that you're going for your 3rd masters degree. Be careful not to fall into the "Jack of all trades, master of ..." category.
If the loan will be going towards funding your business, you'd better make sure it's not a sinking ship. A good idea is not enough to weather the current economic storm. You need deep pockets.
In the meantime, staying at your parents house is a great way to make your funds last longer.
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Why is it the 2 masters degrees you have cannot get you a decent job? It almost sounds as if you are a dreamer, and are avoiding using the knowledge you acquired in school. That or you got masters degrees in really narrow fields that don't hire often. Instead of living on *faith* and *student loans* at 30, get some employment with the education you have. Are you trying to continue school so you don't have to start paying back that 130k?
At 30, you should have been out of your parents house 8 years or more ago.
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If you're starting your own business why do you need a third masters degree? I really do not feel like that is necessary at all.
College will always be an option later on in life, but for right now, you owe a lot of money. Paying that money off should become priority, especially since you already have, in my opinion, enough education for what you plan on doing.
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Help is here is right. You're 30 years old, have two masters degrees and are $130,000 in debt trying to get more in debt. Exactly how is this third masters degree going to improve your lot in life? How will it improve your business and bring in more money? How is it going to make you run your business better? Why did you start a business if you weren't prepared to run it. You do know that student loans don't go away with bankruptcy.
Sounds like you need to grow up. Good luck.
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Why don't you have a job and use that for living expenses? I work full time and part time and go to school full time plus I'm a single mom. Yes things are crazy but I make it work. Its time to grow up and become a productive adult, at age 30 I would have thought that you would have already done this.
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it is wrong, cuz u r in quick sand, and these loans will make u poor for life, and stress you out
you are wasting your time studying
u should get a job
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yes especially if you still live at yur parents house and no job you will never get nowhere if your depending on the loans get a joob and get like me independent fo-sure
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looks like your gonna have to end up prbbly applying for bankrupcy just to get out of that huge a debt
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YES!!!!!!!!!!!!!
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I;d do it, but that's because I never plan to pay off my student loans anyways ;D
Is it wrong to live off student loans?
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