Posted on 04/09/2016 2:40:40 PM PDT by hattend
Does anybody believe this is possible?
Sounds like another one who majored in “Womens studies” or “Drama”
Amazing, isn’t it?
Hell, I guess she’s never bought a new car...which is usually 5-6 years.
There is only one reason to get a student loan. To motivate your student. Tell him or her they will be getting a student loan to cover this next year, but if they work hard and get good grades, you will pay it all off at the end of the year. If they don’t.... It’s on them.
Does the federal government base the Loan Amortization on the borrower’s income?
They could pay the rest of their lives.
I said the same thing.
I was called greedy and unsympathetic.
OK, so these college graduates want their irresponsible school loans, that no one forced them to take on, to be paid off by everyone else - 75% of whom do not have college degrees? Um, good luck with that.
I didn’t realize what a COMPLETE FOOL/IDIOT I have been.
In 1976 I had a VA loan to purchase a home.
Granted, the GOVT only guaranteed the loan and the down payment was zero.
Now, if I am ‘understanding’ all the student loan BS, does that mean I am stupid for not allowing the taxpayers to ‘pick up’ the check for my home?
Granted, the home is/was collateral and should I had defaulted, the home would have been seized and sold for whatever but....
Also, these people who have BORROWED money from the Government (ME/YOU etc) get a good voice and ‘help’, while I - and many others PAID INTO the system for years under the guise of ‘you can’t/won’t save it, so WE will save it for you and return it when (and if) you turn 65’.
So the ‘contract’ the borrowers signed is ‘useless’ and now they want the ‘unwritten contract’ that we had to be ignored.
Like ‘they’ say Socialism and Communism really need Capitalism to survive as the only way Socialism & Communism ‘survive’ is by the money from others, yet, the Socialists and Communists do their damnedest to drive Capitalism to their way of thinking.
Just where do they think the money is coming from or going to come from....?
A college loan should be discharged in bankruptcy just like any other debt that cannot be repaid. Maybe the university from which the degree was obtained should be on the hook due to malpractice.
Having never had a student loan, I don't know what these people have agreed to.
Has she ever financed a car or a house?
They didn't choose the right major.
I did not pay to get my PhD. My graduate education was paid by federal and state agencies, wealthy donors, and private business. I have been steadily employed throughout the 14 years since getting my PhD.
One could argue that someone who is not smart enough to do the market research for their potential career field prior to graduate school is not actually smart enough to do grad school. Actually, the time to do the market research is prior to declaring a major in undergraduate school. There are no jobs in "studies"; don't waste your time on it.
Agreed. If you are not offered a paying fellowship, where your academic costs are paid for, plus you get a stipend to live off of, in exchange for your teaching and doing research for your professor while doing your PhD, it means your talents will NOT be in demand once you finish your degree.
Harder when you're stooopid.
If her signage is true, she has probably ruined her credit and can’t finance a meal at Denny’s.
It is only possible if they kept re-financing it and only paying back the minimum rather than paying back as much as they could scrimp and save thus lowering the principle.
Must not have majored or minored in any sort of economics...
someone should show her to Dave Ramsey’s website
I graduated college with $20k in student loan debt and had it paid off in less than 5 years. I also got a starting salary of $27k/yr because I had the degree and within 8 years I was making $70k. I graduated with a “worthless” English degree but used it to get a real job not one working in education.
Many times a degree and your GPA gets you an interview. You don’t have to get a job in your degrees “field” unless you just want to do that. If so, and it’s not in a mathematics/engineering/science field you’re probably better off starting out at McDonald’s and working your way into management.
Exactly. That is why I said don’t opt for a PhD. in advanced basket-weaving or similar useless major.
[ Has she ever financed a car or a house? ]
She probably bought a brand new car right after she got out of college and only paid the minimum on her student loan payment rather than driving a jalopy until the student loan got paid off....
Someone once chastised me for paying off my student loan right away, saying I was dumb because my house had a higher interest rate, I told them, well i pay 150 a month student loan plus extra when I can against principle, when I get done paying that off, I can add an additional 150 a month plus extra towards principle against the house....
The smaller the number of debts the easier it is to concentrate on paying off the largest debt...
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