The Student-Loan Scam

My parents could easily afford that. But no room & board so I could drink beer every night and then fail my classes. I lived at home and commuted 14 miles back and forth in my old clunker car. I graduated in four years with a degree in Mechanical Engineering. My parents even looked into a student loan in about my third year. But back then unless you could show near poverty, you couldn't get one. I went on to a fairly successful career in engineering. I'm guessing that if I had graduated from a more prestiguous college, I may have earned $1K to $2K extra per year in the early days. But it all washes out with time, because you eventually earn what you're worth.