Getting Education Degree: If I take a loan of 60,000 will earn 40,000: How will I save for retirement?

Oops! I forgot to mention I am a graduate student getting M.Ed in school counseling with an undergrad degree in psych. did all of this so that insensative people like superbad who needed a good role model as a child don't grow up to unappreciative of knowledge!

Public Comments

1. I think you need to take a math class there ............ it is not to complicated. You are not paying $60,000 a year for the loan, only a small portion.
2. You wont'!! By then you can forget about pension hon! Go rob a bank or something! Education?!?! Again go rob a bank!
3. Get a job that offers a pension plan that will match your contribution.
4. It all depends on what interest you have.
5. Maybe you could start off at a community college and transfer to a university to save on tuition.
6. Only worry about yourself and future. Be sure to save every dime you can by not tipping and buy your pant suits at Ross. The world is out there just for you go get em!
7. Hello, Just a thought. But, if you think about it. When you get a job, most jobs give you a 401K plan which is normally used towards your retirement. Plus, your employer will have some other options for saving more for when you do retire. If you currently are employed by the company you were wanting to work for after graduation or after your educational goal. I would recommend you talk to your Benefits Department of your job that you have or any other job that you're going to have in the future. They can give you all the resources you would need to make the best decisions for your financial future.
8. Start out at a community college and only take out a loan for the exact amount of your schooling.
9. Do your best not to borrow $60,000. Maybe part time work while you're in school and full time work during the summers. Also, you don't say what you will do when you graduate. $40,000 will be your starting salary. But will that grow over time? Years ago I started my first job out of college at $10,000 a year and make many times more than that now. Have you picked an education and vocation that will pay better than average? If so, you'll find that over your working lifetime you'll make $500,000, $1,000,000 or more extra money than you would have had you not gotten that education. That should more than cover the $60,000 student loan, again assuming you chose an education and vocation that pays more than average. Good luck.
10. Try voting for somebody who's NOT a republican. Going to college should be your right, not something which will impoverish you for the rest of your life.
11. If you are employed at a school, you will make about $75,000 to start in NJ/NY area and part of your loan will be forgiven ( meaning you don't pay part of the loan)