The $555,000 Student-Loan Burden

Quote from Arnie:

+10

It's easier for a college to raise tuition in response to more demand than it is to really address that demand by building more class rooms or adding teachers.

From what I've seen of recent graduates, some should ask for a refund. :D

Generally agree.

You want I learn most from going to a left wing school studying Sociology. Critical thinking. No BS! A number of my professors told me you can challenge anything we say as long as you can back it up with logic. And I did at times. A few preached that Marxism was a good thing. I said look at the Soviet Union and tell me what motivation ppl. have to work hard when the get paid the same for producing crappy quality stuff? None.

It's the same thing with brokers and investment bankers that didn't give a crap about CDS' a long as the could juice the price higher. No skin in the game just give me my bonus.

Extremism in any form is bad whether its Capitalism or Communism/Socialism.

Think about this. In the US few ever question authority. We are brought up to trust our leaders, blah, blah. The majority of people, especially Americans, especially, or easy to manipulate.
 
Quote from Maryblume:

You obviously don't understand the value of education. Someday if you are able to go to even "a crappy state university" you may learn that the true value of an education is that it teaches you to think for yourself. It's not about becoming part of upper class society. Once you understand the value of INTELLECTUAL CAPITAL, the rest will follow.


I'm inclined to disagree. I do understand the value of education, especially some universities. But there are also a large amount of schools who's student's graduate knowing not much more or less than they knew to begin with, and absolutely not worth the amount they've spent in tuition that they couldn't have from being disciplined readers and practitioners of a certain skill.

As well, the real world is not a college campus. If you major in economics in college whith a minor in international business, you graduate and get a job assisting a MM, is your knowledge going to help you take orders better? No. Experience in the field will.

Plenty of college degrees out there right now with no job and a masters in whatever.
 
Quote from stinkyfelix:

"Her damaged credit has prevented her from buying a home or a new car. She says she and her boyfriend of three years have put off marriage and having children because of the debt."

WTF! She wants to buy a home and a NEW car???

Why don't we send her to a new home? It's called debtors prison.

At that point, I'm sure she could come up with the dough; from parents, relatives, aunts and uncles and friends. You can squeeze blood from a turnip, you just have to squeeze harder... :D

Everyone on this planet should know that she is a stupid deadbeat... She takes no personal responsibility for her own actions. Thank God she is not having children for now, we don't need any more low IQ people...:cool:


What a moron. What are you a repo man or bank teller--- no one else could be so stupid

LOOOOOSER!
 
Quote from Maryblume:

You obviously don't understand the value of education. Someday if you are able to go to even "a crappy state university" you may learn that the true value of an education is that it teaches you to think for yourself. It's not about becoming part of upper class society. Once you understand the value of INTELLECTUAL CAPITAL, the rest will follow.

while I am all for education, the last thing a degree teaches you is to think for yourself. it teaches you the hive mind, nothing more. You cant be serious, right>>
 
Ummmm.....air, earth, fire and water are compounds, made up of elements. I take it you skipped college?

Quote from NeedaUserName:

College was a lot cheaper back when the elements were air earth fire and water.
 
Quote from CaptainObvious:

Simple solution...anyone that defaults on a college loan must then serve 4 years in the military, enlisted man status, infantry only . All debt absolved after service. That'll learn'em!:eek:


this actually makes some sense,

bravo!
 
Quote from NeedaUserName:

It shouldn't include student loans. Say i take out a total of 200K in debt for UG and Law school. I will make approx 160k if i got to a good law school and do well.

I could file for bankruptcy after graduation, and since I have almost no assets the loaning companies would be screwed.


Wrong,

you cant make 160k and file BK.

sorry!
 
Clearly something in this thread touched a nerve. Someone keeps creating throw-away usernames and using them to argue with themselves. :D
 
You're close but not quite there. Herein lies the problem. Banks want to get as many people in as much debt as they can and keep them there for as long as possible, much the way the Pharmaceutical Companies want to see every man, woman, and child consuming some sort of pill for the rest of their lives. For fuck's sake, they make up disorders and then produce a pill to treat it. That's what happens when a society shifts from Capitalism to Corporatism. Welcome to America, land of the enslaved. "Sign here."

Quote from SCI new york:

Forget all the moral arguments in the thread, Herein lies the real problem.
$100 going to principal, $890 going to interest.
Sounds like a losing proposition to me for anyone exept Sallie Mae. They're supposed to be a non for profit organization whose purpose is to help students afford college tuition to become doctors, nurses, etc which we need and yet they choke them with "fine print" that bites them in the ass and hinders their careers and success. These are jobs that are in demand, but people cant afford medical school because they wont take out loans and they can't afford it outright. So who wins?
 
Steve, you know as well as I do, you kids probably resent you for it now, but will thank you later.

From 16-18 year old we were rich, but my Step Dad still made me work for an allowance and bought me a 10 year old car. I thought what a cheap bastard. Now I think back and appreciate it, at 40.
Most of the kids, I knew, that got everything turned out to be flakey and irresponsible. As I mentioned, they paid for my college education, but told me to go jc first, and it was a smart idea.
 
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