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Our sons' $189,000 student debt is delaying our retirement
CNN ^ | 11/30/2015 | Matt Egan

Posted on 12/02/2015 8:00:49 AM PST by Responsibility2nd

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To: rstrahan

I don’t think I’d go that far. I’d just consider it money I sequestered and escrowed somewhere eventually to be pissed away on default. You have to be willing to lose all that from the gitgo and you HAVE to have the money to start with.

If the kid does pay it back, then it’s gravy.


41 posted on 12/02/2015 8:14:25 AM PST by Gaffer
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To: Responsibility2nd

Plumbers and electricians are working non-stop and making VERY good money at it.


42 posted on 12/02/2015 8:14:39 AM PST by Jack Hammer
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To: ScottinVA

I think most of us understand why a bachelor’s degree in journalism and media studies is nearly worthless. But what is technology management?


43 posted on 12/02/2015 8:15:09 AM PST by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: Gaffer

“Tim graduated from Rutgers University with a bachelor’s degree in journalism and media studies. He’s especially interested in a Hollywood career,....”

I am especially interested in winning the super lotto, but I won’t plunk down $200,000 to win it.


44 posted on 12/02/2015 8:15:21 AM PST by stephenjohnbanker (My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
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To: Responsibility2nd
How do you get the wanna be actor with a college degree off your porch...pay for the pizza.
45 posted on 12/02/2015 8:15:34 AM PST by fungoking (Tis a pleasure to live in the Ozarks)
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To: ImJustAnotherOkie

My brother-in-law retired as a plumber - a millionaire.

He said to be a plumber you have to learn two things:

1) Sh!t flows downhill, and
2) Don’t bite your fingernails.


46 posted on 12/02/2015 8:16:24 AM PST by Gaffer
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To: Responsibility2nd

“Tim graduated from Rutgers University with a bachelor’s degree in journalism and media studies”

Oh look! I officially don’t care about your plight!

Have fun working as a Wal-mart greeter while your son writes for a low-level blog.


47 posted on 12/02/2015 8:16:50 AM PST by VanDeKoik
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To: ScottinVA

It sounded really impressive when they told their friends and acquaintances.


48 posted on 12/02/2015 8:17:23 AM PST by riri (Obama's Amerika--Not a fun place.)
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To: fungoking; dfwgator

This post. And post 22 are lol threadwinners!


49 posted on 12/02/2015 8:17:24 AM PST by Responsibility2nd (With Great Freedom comes Great Responsibility)
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To: TigerClaws

“Internet video of lecture classes. Cut costs by 80%. Fire all the liberals ruining our kids’ minds.”

What you said.


50 posted on 12/02/2015 8:17:25 AM PST by Let's Roll
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To: petercooper

Great idea. Yes everybody wants their dream job in a chosen career field, but if it doesn’t happen, you still have to pay those loans. In which case, its a sign of maturity and responsibility to take a job to pay your bills, not let your parents take it on. Geez. Some of these kids need to grow up and be responsible; that’s part of what is going on here.


51 posted on 12/02/2015 8:18:47 AM PST by Dilbert San Diego
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To: Responsibility2nd

” Tim graduated from Rutgers University with a bachelor’s degree in journalism and media studies.”

What a complete waste of money on a useless degree.

It’s like paying $100k for a used Yugo.


52 posted on 12/02/2015 8:19:22 AM PST by aquila48
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To: Dilbert San Diego

Doesn’t student debt show up on a credit report. Companies do use credit reports to evaluate potential employees, could be they are losing out on jobs to graduates who were more responsible in financing their education.


53 posted on 12/02/2015 8:20:34 AM PST by dfwgator
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To: Responsibility2nd
Tim graduated from Rutgers University with a bachelor's degree in journalism and media studies. He's especially interested in a Hollywood career, but has found it hard to land a job there, though he's picked up some spots as an extra on TV shows. Tim is mostly trying to make ends meet by working as a waiter and bartender.

Stupid choice of major there Tim. This kids poor decision on what to study just put his parents in a de facto Debtors' Prison for the rest of their lives. Their other son, Sean, lives at home and is pursuing a second degree. He has about $60,000 in student debt from earning a bachelor's degree in technology management from the Pennsylvania College of Technology in Williamsport.

Sorry to say this but never heard of that school. A degree from there is not worth the paper it was printed on. If that is the only type of school he could of gotten into he would of been better off going to community college then attempting to transfer to the state university.

These kids poor decisions put his parents in a de facto Debtors' Prison for the rest of their lives. The parents were stupid for co-signing the loans for a worthless degrees.

54 posted on 12/02/2015 8:20:49 AM PST by C19fan
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To: Responsibility2nd
Tim graduated from Rutgers University with a bachelor's degree in journalism and media studies.

$190k for that? Moron. Where did he think he was going to make the kind of money required to pay off a loan of that size with that degree? A properly educated HS grad (of my generation) could walk into most journalism jobs and do them competently.

A moron raised by morons. They thought he could pay those loans with that degree? If they think they are responsible for his debts, I can imagine the crap liberal upbringing they provided as parents.

If we get another Dem, or a RINO in 2016, then you and I are going to pay their little snowflake's loans off.

55 posted on 12/02/2015 8:21:55 AM PST by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
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To: Responsibility2nd

Kids (and Parents) are about worthless these days.
From the day my kids were born they had 529’s started. I worked 40 hour weeks and paid off my tuition & fees on my own graduating with ZERO debt.


56 posted on 12/02/2015 8:22:13 AM PST by Roman_War_Criminal
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To: Responsibility2nd

If I wanted to be a movie star, I’m not sure I’d start with a journalism degree from Rutgers (It isn’t a top 10 program even if you want to be a journalist, and for acting, a drama degree might be more useful). For that kind of money, he could have gotten a drama degree from USC.


57 posted on 12/02/2015 8:22:28 AM PST by PAR35
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To: Responsibility2nd

Our grandson was attending community college. ..and we were funding (grandparents )...until he failed our requirements that he provide us his grades. He really didn’t have a goal...so now he’s working construction making $15/hr...much better learning opportunities IMHO


58 posted on 12/02/2015 8:22:37 AM PST by goodnesswins (hey..Wussie Americans....ISIS is coming. Are you ready?)
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To: Responsibility2nd

Yes, the parents appear to be a “bright” as their son. Too bad.


59 posted on 12/02/2015 8:22:55 AM PST by SgtHooper (Anyone who remembers the 60's, wasn't there!)
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To: fungoking
How does one even spend 6 figures on a college degree? Oh, right, Rutgers. But, a Journalism degree? I went to State U, in state tuition, lived at home, and graduated with a BSEE and zero debt. No way is a Journalism degree, even from Haaaavad worth more than an Engineering degree.
60 posted on 12/02/2015 8:23:31 AM PST by sportutegrl
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