Why Even Ivy League Degrees Aren’t Worth Borrowing For (Hour 2)
The Ramsey Show
Ramsey Network
4.5 • 38.5K Ratings
🗓️ 31 July 2023
⏱️ 40 minutes
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| 0:00.0 | Music |
| 0:28.0 | Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving in storage studios. |
| 0:34.0 | It's the Ramsey shop. We help people. Build wealth. Do work. That they love. |
| 0:42.0 | And create actual and amazing relationships. Ken Coleman Ramsey personality. |
| 0:46.0 | Most of the Ken Coleman show number one best selling author of the book Paycheck to Purpose. |
| 0:51.0 | Career and jobs. Work. Expert. Open phone is my co-host. Open phones that triplate 825-225. |
| 0:59.0 | Mary's in Chicago. Hi, Mary. Welcome to the Ramsey shop. |
| 1:03.0 | Hi, thanks for taking my call. Sure. What's up? |
| 1:07.0 | I have a son who was accepted to an Ivy League law school. |
| 1:13.0 | And I know 10 things that you say you should never do is take out student loans to go to school. |
| 1:22.0 | And we paid for all of his undergrad, everything we'd saved through a 529-24 plan. |
| 1:31.0 | And he's taking out quite a large sum of money, about $170,000 for three years. |
| 1:42.0 | He did get $90,000 worth of scholarships. But I just am really nervous about that. |
| 1:51.0 | I mean, that's a lot of money. And coming out of where he's going, he's in a T-14 school. |
| 2:01.0 | So his income in three years when he's finished will be $200 to $250,000. |
| 2:09.0 | Maybe. You hope. Well, that's what big law is paying in New York and Chicago. |
| 2:18.0 | And that's where he would end up. Based on what? |
| 2:23.0 | He's a top student and 100% of the law students that graduate from that university did not go into big law. |
| 2:30.0 | Well, the reason he chose the one he's going to is because it's international and that's what he wants to do. |
| 2:37.0 | I know, but 100% of the international lawyers, the specialized international that graduate from that law school, |
| 2:43.0 | did not make up $250,000 hours. Some do. But not all of them do. |
| 2:49.0 | So anyway, this is already decided. How can we help? Because we can't fix it. I mean, he's going to go do it. |
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