this post was submitted on 16 Dec 2024
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Enough Musk Spam
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So many people my age or slightly older have no clue how much things have changed for people entering adulthood in thst past 20 to 30 years.
We could go to university and pay for it by ourselves with a part time job and maybe max out a GSL at $2500/year for four years.
And that's not all. They didn't have all the bullshit they do today where you can't (easily) declare financial independence until 25.
Once I was financially independent I got Pell grants and lots more work study. I ended up not using the work study for my senior year because I was paid more for an internship and they asked me to keep working through the school year.
I graduated with a whopping $10k or so in loans and paid $108/mo for 10 years. My interest rate was quite high at 9%. My starting salary was out of school was about $28k (1986). That works out to about $80k today.