Honest advice needed

So, I can go back to school and get a BS in Business Finance and Economics for around 20K in student loans, or I can get an SBA loan and start an online shop while simultaneously using Youtube to do reviews and comparisons. I have a pretty good name picked out that I think will stand out from the crowd, domain already registered, etc.
I'd eventually like to transition to machining uppers and making kits, and finally full pre-builts. I'm kind of lost as to what to do here. The degree would cushion me from anything that may go wrong on the gun-side of things (It's not a regular MBA, it's specialized from one of the most prestigious business schools in the country). I currently owe 20K for the A.S. If Biden forgives all federal loans, I'd owe $0, and this would be a non-issue, but getting over 40K in debt at this point is not something I want to do just for a degree that may be pointless.
What would you do?

  1. 5 days ago
    Anonymous

    Go get a degree. Biden isn't doing shit

    • 5 days ago
      Anonymous

      Yeah but that would hit my debt up to like 40-60K with all the BS changes they make, on my recent FAFSA my expected family contribution was $14985 a MONTH. I tried appealing it but they said it wouldn't matter, so I get no grants, no nothing, just subsidized loans at 3.5%.
      And honestly, I think he might, it's the only way they MIGHT eek out a small edge in some states.

    • 5 days ago
      Anonymous

      Also, it's INSANE how much things have changed when I was in school. We had a person that would walk us through all this, now they pretty much just give you the offer, you schedule all your own classes, being allowed to schedule classes you can't even take, etc (its a total shitshow)

      • 5 days ago
        Anonymous

        Yes. I started college 10 years ago. Decided to fuck off and be a retard instead. Now at 30 its pure fucking hell. Im a junior. I started right before Covid. Now everythings online and hard to navigate and no one cares and moronS.
        t. National Honor Roll 3.96 student on scholarships.

        • 5 days ago
          Anonymous

          Kinda the same here but I had one month left and my Dad saved my ass and they let me retake the last class I needed for free.

  2. 5 days ago
    Anonymous

    As someone who started a business and has a bachelors degree in business management (emphasis marketing), go get your stupid degree. Consider it a back up plan to a middle class lifestyle. It’s basically your entry into any professional work these days.
    I’ve been in my career for 10 years and somewhat pissed I didn’t get a MBA because it’s basically a requirement for large company leadership positions.
    My own business did well until covid destroyed my client base and now I work for someone else. That bachelors degree is key to any sort of fall back plan because life will throw you curveballs.

    • 5 days ago
      Anonymous

      Thanks for the advice, with the income driven repayment plans, they'd only get 10% of whats left over after I pay my bills, down to a possible $0.00. They need to just give it up. Not to mention the 6K in interest they've charge me on a 14K loan.

      • 5 days ago
        Anonymous

        I paid off $40,000 in student loans in 5 years. It may seem like a lot to you right now, but it’s honestly a drop in the bucket of your life.
        Just work hard in college, get a internship and then boom, when you graduate you’ll be in the middle class. After a few years hopefully you’ll be in the upper middle class in the richest country on earth. Your debts will seem trivial a few years after college unless you drop out/fail in which case you have to pay it back from working at Starbucks.

        • 5 days ago
          Anonymous

          I do pretty good right now, I have about 2K left over at the end of the month after I pay all my bills, but still, I never, ever, want to back into being so far in debt again. It took almost 4 years to drag myself out of that credit score pit and buy this house.

    • 5 days ago
      Anonymous

      Also, do you think that in the grand scheme of things, you'd have made more than what the loans would have chipped away for repayment?

      • 5 days ago
        Anonymous

        Yes. My entire repayment was about $35,000ish. Given I have 10 years experience in digital marketing/online advertising, it’s easy for me to find a job that pays $100,000/year. If I didn’t have the degree I’m not sure how much I would make but it would be less. I’d unironically probably try to put in 20 years in the army if I didn’t have it.

  3. 5 days ago
    Anonymous

    Also should mention I have a mortgage with a reasonable payment of 1025/m for 1700sqft on a newly remodeled house. And my credit is 50 points higher than the average for people my age.

  4. 5 days ago
    Anonymous

    I guess I'm also ignoring the income I could get from the website/shop that could be used to help repay the loans.

  5. 5 days ago
    Anonymous

    I mean, some people go into $100k+ debt for a degree in like, linguistics. Could do a lot worse.

  6. 5 days ago
    Anonymous

    Dude get your BS. It's well worth it over the long run. I'm 29 with a BS in finance and some CFA levels and I'm making just over ~105k if the bonus hits right(not gonna be a great bonus year)

    • 5 days ago
      Anonymous

      I'm 37 and I originally wanted to do this 4 years ago but my dad was extremely ill. So fucking stupid, plus they were offering pell grants because I wasn't making as much. I wish I could go back in time and slap the shit out of myself.

  7. 5 days ago
    Anonymous

    >BS in Business Finance
    Get a general finance or accounting degree, you'll be up for the same jobs while not limiting yourself from others.

    • 5 days ago
      Anonymous

      Yeah thats what they call it pretty much, there's also Economics.

    • 5 days ago
      Anonymous

      Also, I make pretty good money trading stocks, so I thought it might suite me. This is what I can choose from

  8. 5 days ago
    Anonymous

    You can do both

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