OMG UPDATE: Question? Answer.

Updated on Monday, June 23

#6715

QUESTION: I am freaking out, I am 25K in debt from tuition and I don't feel like I am going anywhere, my program is just too difficult for me (yes I am stupid whatever) and I just want to drop out and leave everything (I have some experience from co-op). What should I do???

13 comments

  1. How are you in 25 k debt with coop ??? at max your debt should be 5k

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    1. Da fuck? No.

      Some of us can't live at home for co-op cause there's no jobs in our area, so we have to pay a lot more in housing/transpo. Even my friends who do get to live at home for co-op typically have about 12k in debt (3rd year eng).

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    2. 1. How fucking dense are you? I'm on co-op (also 3rd year eng) and I have about 10k-12k debt.

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    3. If you're in engineering or CS your per term expense should be about 12-14k so yeah it's reasonable to rake up some debt, but in your last two co ops you'll make 15-20k so you can pay off the earlier debt from first year/when you were making 10k

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    4. @1c: Or, y'know, 40k if you work at Dropbox.

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    5. non-eng/CS programs make much less (generally) in co-op

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    6. See when people say coop I only think the jobs that are worth having... eng/cs.few mathfinance/actsci ... you know the only ones worth having at waterloo

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    7. Even afm with kids at big 4 can get out pretty debt free despite an insanely high tuition

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  2. tough it out OP. I graduated with 19k debt and I'm about to take on another 90-120k for professional school. Scary, but I've wanted to do this forever.

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  3. Make sure you get something solid (a job, another program) before you quit. Never jump right out! always have something else ready. :)

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  4. Have fun in poverty

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  5. Maybe see a career counsellor so you know which direction to go after you drop out.

    If you're sure the program's not for you, I think you should definitely drop out sooner rather than later. Way too many people stick with programs they dislike because of the sunk costs and then regret it later.

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