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#141 | |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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Lifetime healthcare cost can run up to 7 figure value + cost of tuition + benefits of an education and all the other stuff.....totally trumps the opportunity cost of holding off college for a couple of years. |
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#142 | |
Moto GP Star
Join Date: Mar 2008
Posts: 14,556
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#143 | |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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http://www.usa.gov/Federal_Employees...Benefits.shtml http://www.military.com/benefits/veteran-benefits |
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#144 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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The average 21 yo new college grad probably has $30-50K student loan debt........And if he is lucky/good enough to get a job that actually USES his degree, he might make $45K the first year, and MAYBE increase to 60K by his 4th year. That isn't ballin' by any stretch of the imagination. Sure, some people make more, but not every graduate is an engineer or investment banker.
So by age 25 it's very doubtful they'll have paid off their student loans, and most of them won't own a house yet either. In fact most of them blow their money on a "sweet" new car with Xenon lights, rims, and stereo, not to mention the latest cellphones, data plans, cable, video games, alcohol, brand-name clothing, etc. So there is no way they'll be financially ahead of a guy with 4 yrs military under his belt. Last edited by Homeslice; 12-24-2010 at 11:10 AM.. |
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#145 | |
Moto GP Star
Join Date: Mar 2008
Posts: 14,556
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#146 | |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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My school has annual tuition of about 18K a year. Lot of veterans go there and uncle sam covers everything. tuition, fees, books...everything. VA takes care of medical needs. Annual value of that can range from $5000 to 6 figures if they are receiving treatment for a condition. Add on to that the ability to also work in the private sector while going to school receiving benefits. Friend of mine hurt his ankle in an accident while stationed in Germany. Got honorable discharge, worked a 40K a year job in the private sector while enrolled in a 18K a year school paid for by US government AND had the VA take care of long term effects of what happened with his leg (surgery, PT, etc). |
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#147 | |
Chaotic Neutral
Join Date: Feb 2008
Location: Cherry Hill NJ
Moto: GV1200 Madura, Hawk gt
Posts: 13,992
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#148 |
Moto GP Star
Join Date: Mar 2008
Posts: 14,556
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I didn't say all but he's acting like all college grass have huge loans and blow their money. My gf hasn't taken any loans for school and graduates this year. It's not all black and white...
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#149 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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#150 |
Aspiring Rapper
Join Date: Nov 2008
Location: Halifax, NS
Moto: '12 CB1000R
Posts: 3,569
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I don't know if it's that big of a difference up here. But, the majority of the people I know in the forces have homes and savings. They even pay the closing costs and legal fees for the first two years of any posting to encourage home ownership.
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