Asked by Anonymous

Updated on 18 Apr 2019

Is it wise to take up a 40k debt to study university?

I am graduating from poly this May and I already have a job inline. Is it better to work first then only pursue my degree later on in life? Ps im 22 year old.


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John Ong Zhenxi
John Ong Zhenxi,
Level 4. Prodigy
Updated on 04 Jan 2019

Get the degree. usually the returns from better job, assuming a $500 monthly increase (can be more) that is 6,000 a year. is much more than the interests from the debt.

The other important thing is do it while you are young. More energy, less commitments. My friends and I are at the stage where we don't have much time anymore. Haha. 35+ yrs in case you are wondering.

edited: I do think there i benefit in working for 1-2 years so that you can see the real world and how degree can benefit you in your area of work as well as helps you to appreciate the knowledge imparted during your degree course more. (:



A degree is important in the work force, unless you are comfortable to have lower chance of promotion (especially GLC etc semi government companies).

In short, as long as you are able to get an entry and higher pay based on the degree, please get the degree.


Yong Kah Hwee
Yong Kah Hwee,
Level 6. Master
Answered on 03 Jan 2019

Many of us are already doing this. Unless you can be absolutely sure that you will do well in your job and be considered for promotions without a degree, I think it is better for you to get a degree.