Monday, June 20, 2005

StarBUCKS

BALINE HARDIN, WASHINGTON POST - Part of the $115,000 debt Kirsten Daniels of Seattle incurred to finance law school went toward her regular caffeine fix. The habit costs her nearly $3 a day, and it's one that her law school says she and legions like her cannot afford.

It borders on apostasy in this caffeine-driven town (home to more coffee shops per capita than any major U.S. city, as well as Starbucks corporate headquarters), but the law school is aggressively challenging the drinking habits of students such as Daniels.

"A latte a day on borrowed money? It's crazy," said Erika Lim, director of career services at the law school.

To quantify the craziness, Lim distributes coffee-consumption charts. One shows that a five-day-a-week $3 latte habit on borrowed money can cost $4,154, when repaid over 10 years. She also directs students to a Web site she helped create. The "Stop Buying Expensive Coffee and Save Calculator" shows that if you made your own coffee and for 30 years refrained from buying a $3 latte, you could save $55,341 (with interest).

WHAT HIGH PRICE COFFEE IS COSTING YOU

I'm no huge fan of Starbucks, and I DO think people should spend money responsibly, but c'mon... it seems a bit condescending to me to nitpick at professional students for getting coffee every now and then instead of eating Ramen Noodles 24/7. Shouldn't the real story be about the high cost of an education these days?

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