Posted on 03/31/2015 6:35:55 AM PDT by E. Pluribus Unum
She probably realize that she didn’t like the career choice. You can spend $100k to become a nurse because you heard it was good money and discover you don’t like nursing. It happens all the time.
My recollection is that Federally-guaranteed student loans (I, unfortunately, had them for part of my grad school, paid them off early and in full) aren’t dismissable via bankruptcy.
These “strikers” are guaranteeing that their credit ratings, and indeed lives, will be f’d for YEARS down the road. Good luck pulling this and getting a mortgage, or a car loan, or even passing the kinds of credit checks run to be able to rent an apartment, or get a decent job, etc.
Still doesn’t explain why she didn’t pursue less expensive schooling. Community colleges are everywhere.
I can think of a job for her that would pay those loans back in no time.
She spent approx 7 years at this college and racked up $100K ??
I think she’s already on top of THAT one ... and under it ... and in front of it ... and ....
The problem here is that Community Colleges are a decade behind in always grasping work skills and creating classes to fit into emerging markets. Then when they do get to the work skills level....they refuse to market the great deal they have. No billboards....no advertisements...nothing.
sure put their student loans on everyone’s taxes
“Personally, I think there should be some blowback to the banks for making loans to Donald Duck University (or whatever) in the first place.”
I agree with that somewhat. The schools were a scam and the banks were a party to it...
Because it wasn’t her money. People dream up the idea that they will get a fast return on education so it doesn’t matter how much you spend. The loans can be used for living expenses as well. You are getting paid to go to school...kinda
There is actually a scam where you sign up for classes, get the loan money, then drop out and get the money refunded to you. It’s popular in the welfare community. You don’t have to pay the loan back because you already spent that money.
They signed up for them. It’s not like they couldn’t got to nearly-free community college.
I don’t want to be stuck for the bill from idiots making bad choices.
It is cut and dried: there is a sucker born every minute and two to take their money. In this case, “their” money will become our money as I am sure the nanny state will have us under write the loans these dolts took out.
There is an interesting parallel to the sub prime debt culture. They were preyed upon, in the words of the government, by the banks and mortgage companies who pushed through ridicules mortgages knowing a good number of them could never be paid back. So, I guess the government will only be too glad to gloss over this problem with another trillion of debt.
Critical thinking and math skills are so lacking now, fewer and fewer of our young adults cannot put together a simple budget and extrapolate how much income they need to service debt and living expenses. Whose fault is that? The government that runs our education program is primarily to blame here IMO yet it will shift that blame onto those who preyed upon the dolts who took the bait and the result is the government will become the enabler by way of my wallet.
But it's someone else's fault and their obligation to eat the debt.
Got it.
I always make a point to get a copy of what i signed, and it holds true in our work as well. Dont care if it’s 500 pages, I want all 500 pages as copies. When the legal sh*t hits the fan, 500 copies looks very valuable.
Except that some people will scream “discrimination” because they didn’t get their free school loan money.
Plus, I spent a lot of the money on that summer in Paris.
I’m thinking of a couple of things that would get her some money. I wonder if that was her point.
There is a silver lining here -- which is that employers will stop requiring college degrees.
I think that is a good thing in today's environment, where colleges have deteriorated drastically into moron factories that seem to offer only leftwing indoctrination, political correctness, and all sorts of absolutely stupid courses and majors that are completely worthless.
The more colleges that close because of this trend, the better, and the fewer students who get trapped in the det/worthless education just because they think they need it to get a job, the better. And the more companies stop requiring college degrees, the better.
I have a daughter who will be of college age in a couple of hears, and I am very much opposed to her going to college.
I love the idea of the University of Everything
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