Posted on 03/31/2015 1:47:59 PM PDT by SeekAndFind
True.
He-He-He..........To all of those who think paying for your kids education is something other than your and your child's personal responsibility. I lived poor a lot of years and took a lot of crap from my extended family (most of who work for the government) for not taking out loans. I drove 20 year old cars. No vacations. No toys. No spring break nonsense.
No debt is the best gift you can give your kid for a college graduation present. No style or bling to it, but it is the best you can give.
Good. I knew a gal with an art degree who did art work for the yellow pages. She topped out at 30K in the early 1990 timeframe.
Renewable Resources had a 50% default rate. Suprisingly teachers had 0%.
I highly doubt that. Obama and his free two years of college idea makes no sense. Affirmative Action has failed.
There was an earlier story today about someone doing a student loan repayment boycott. Since nothing happens in a vacume when it comes to the entitlement society, I guess they are beating the tom toms for a debt forgiveness program now for delinquent student loans.
You are all assuming that these loans are for loans taken on four year colleges and most finished.
Many of these loans have been on two year schools, beauty schools, welding school and whatever schools the guidance counselors could get incompetent unprepared inner city youth and other teens into to make stats look good.
Academic, government-linked business and political administrators and politicians are frauds, thieves and robbers sucking on big, recirculating debt for their luxurious lifestyles. They sit on their socialist perches, falsely accusing and projecting their crimes on those who struggle to survive.
Go nonpolitical. Live as though political speech saturated with promotions for abominable, pathological social practices cannot be heard. Become more self-sufficient. Maintain all that you have to make it last as long as possible. Learn to do technical work with your hands. Never give up. Never give in.
Her boyfriend graduated last year. He makes ceramic “art.” He cannot keep up with the demand. This is high end stuff. He is very talented.
He is doing fine. But he works his butt off. He and my daughter are not your “normal” art majors.
I know what people say about liberal arts grads. She was well aware of the Limits of her major. So her debt is minimal and she knows she is never gonna be “rich”.
I have a neighbor who was going to marry his old sweetheart but discovered she had almost $200k in student loan debt for her "Native American Studies" degrees... While he gave her a ring, he wisely decided not to marry her (So I and all the tax-paying suckers out there can live with the debacle to come!)
Smart move.
RE: she had almost $200k in student loan debt for her “Native American Studies” degrees...
Do you happen to know what University she got this degree from?
Heck, even a very expensive school like NYU which charges close to $65000 for tuition plus board gives student aid to the tune of $30,000 on average making the net payment $35,000.
Personally, I have little sympathy for those who do so! I had the equivalent of $30K student loan in today's dollars when I graduated and paid it off within 8 years... Of course, back then..., students didn't have credit cards and espresso machines in their apartments.... Also, it was common to work part-time whenever possible!
30k back in1990 wasn’t horrible.
I have two sisters who have liberal arts degrees and they got their masters while being elementary school teachers. One is 69 and the younger one is 60. Both are retired and made about 80 K their last year. Now, I talked a young lady in going to college back in 1982. She got a BSEE and she made over 100 K ten years ago. My BIL who is married to my oldest sister has a BSAE, a MSAE and a PHD in Eng Mgmt. He is a multi millionaire.
But these will be the same academia leading the charge for "free education" and wiping out all student loans, so I have little faith in the heads-full-of-mush.
I agree with you.
Yeah, they are one of the safest bets.
“No debt is the best gift you can give your kid for a college graduation present. “
Absolutely.
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