Taking on Debt
I'm transferring from a community college to a strong target in the fall for my junior and senior years. I'll probably be in 120k of debt but it's the only option I have if I'm going to actually do banking. I'm doing this all without any help from my parents as they wanted me to go medical school. I really want to do banking and I'm not that worried about landing a gig being that I've networked hard and have decent internship experience already, but the thought of moving out on my own while loading up on debt is terrifying to me. I hear from so many people that "you can do it", but taking actually taking the plunge is terrifying. I know so many kids who went to Ivy's and other top schools and didn't do stellar, but it wasn't necessarily detrimental to them due to them having wealthy, connected parents — but I don't have parents who are able to do that. So to all you guys actually in the industry who didn't come from a typically wealthy background or from parents who paid your school for you, how'd you end up?"
...as opposed to staying in CC, not taking on debt, and doing what?
yeah - he is learning - if you want that reward you gotta take the risk
not everyone likes taking risk - some people crave it though
Respectfully, you don't have to take risks to get reward. Sometimes you can outsmart your way there. Some people also crave meth and gambling as well as risks, and they are all senseless and dangerous and unnecessary.
How do you ever borrow that kind of money without a high income co-signer
Uncle Sam has a very high income, and a good set of M16s and thermonuclear weapons to ensure payback.
Yeah that's not how it works. No private lender is giving a 19 or 20 year old with no credit 60k a year if he/she doesn't have a cosigner without a high income
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