need logical advice

[jsp132]

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I already have ~ 69k in debt from student loans

if I take out about 24k to cover the remainder of my courses for my second bachelor's degree .........foolish?

i will be working part time to try to keep the debt burden down

there's no guarantee's in life..........

what would you do?

 

[The White Coat Investor]

I already have ~ 69k in debt from student loans

if I take out about 24k to cover the remainder of my courses for my second bachelor's degree .........foolish?

i will be working part time to try to keep the debt burden down

there's no guarantee's in life..........

what would you do?

What's the return on investment for the second bachelor's degree? I.E. How much will it increase your earning power? Since this is SDN, I assume you're going to med school, which means your undergrad degree is worthless, and thus a second undergrad degree is even more worthless. There are some guarantees in life, such as the fact that you'll be paying those loans back for a long, long time.

What would I do? I would avoid paying for school with loans as much as possible. You can do that three ways- not go to school, go to a cheaper school, or pay your way through school by working and begging family. You might try some combination of those things. But don't borrow money to invest in knowledge that doesn't increase your earnings power. The rich can afford to study underwater basket weaving. You and I can't.

 

[jsp132]

my first degree might as well have been in basketweaving since it was from one of the "online schools"

so it's pretty much useless

and a big waste of money and time

my second degree would be in CLS so the earning potential as i've done research varies but from what i've learned, it's ~ 48k to start