heh borrowing money to someone who might not even finish school or might decide to take a useless degree and go flip burgers is a risky proposition, they gotta be high.
Yeah except that in most cases the loan is guaranteed by the federal government and the bank risk is zero. I'm sure they tell themselves the same story when they make up those numbers, though.
I'm dismayed by the number of people in this thread who apparently think it is ok for young people to need to assume 10 years worth of debt in order to get a college education. We're on the fast track to third world country status.
Yeah except that in most cases the loan is guaranteed by the federal government and the bank risk is zero. I'm sure they tell themselves the same story when they make up those numbers, though.
I'm dismayed by the number of people in this thread who apparently think it is ok for young people to need to assume 10 years worth of debt in order to get a college education. We're on the fast track to third world country status.
She borrowed $26,000 but will owe $77,000? Jesus Christ, what kind of interest is that? My loans were/are NOTHING like that. What, did she pay a payment of $10 a month or some stupid shit?
It's not that's it's "ok" or "not ok", it's that it's doable. You gotta take care of yourself, and if you get the right degree and go get a job the debt burden isn't an issue.
As a society you can say it's too much or whatever, but you can't wait for society to change.
I'm definitely not defending her but baby boomers economy was easier for the middle class. They didn't have the crazy high cost of living like we do now. You could support a family on a warehouse or manufacturing job back then. You definitely can't do that today.This. They shoulda just paid their semester of tuition with a part time summer job like good ol baby boomers did and not go into debt in the first place!
all her sign tells me is that she's an idiot.
Fools are quickly parted with their money. This fool let it go at a slow drip.
I don't disagree, and obviously she mismanaged her debt, but as a Dad who is looking at around $200k to put my youngest through four years of school (or offloading a large amount of that onto her as liabilities) I think the system is utterly fucked. When Second Assistant Associate Deans of Student Kerfluffle make $500k and live in an institution-owned mansion while middle class kids have to take on the equivalent of a mortgage as a welcome to their 20's, things are definitely screwed.
I don't disagree, and obviously she mismanaged her debt, but as a Dad who is looking at around $200k to put my youngest through four years of school (or offloading a large amount of that onto her as liabilities) I think the system is utterly fucked. When Second Assistant Associate Deans of Student Kerfluffle make $500k and live in an institution-owned mansion while middle class kids have to take on the equivalent of a mortgage as a welcome to their 20's, things are definitely screwed.
or you could suggest that she do a few things different...
apply for scholarships
go to state school
go to community colleges for 2 years
basically, it's only 200k because you let it be.
It's things like this that I have to simply say...
PLEASE tell me shes trolling. Right? She's trolling right? FOR THE LOVE OF GOD TELL ME SHE IS TROLLING!
Yes, a first class college education that will put you right up there in competitive standing is actually only $6.95, but most of us are just too dumb to figure it out!
Yes, a first class college education that will put you right up there in competitive standing is actually only $6.95, but most of us are just too dumb to figure it out!
competitive standing doesnt matter for jobs in the majority of majors.
That's true for some majors, but not for the sciences, which is where she has her sights set.