for a govt. bailout?
What a disgusting, entitled attitude.
I'm going to graduate from law school with over $100,000 in student loans, and I made that decision knowing I would have to pay them back (and should have no problem doing so given the job I'll be able to get with my degree). I might benefit from a student loan bailout personally, but I strongly oppose one nonetheless and will be furious if taxpayer dollars go to bail out idiots like this.
next bubble
This is also a fraud perpetrated by Big University.
Student loans are patently dishonest. Why? Because they can not be extinguished in bankruptcy.
OH I thought this article was going to be about how the government, once again, screwed with something that worked well in the private sector, student loans, and how banks have dropped back and we’re having to beg to find new lenders. One of my daughter’s sorority sisters was all set for her graduate work in a medical field last year and learned her lender was dropping out - she had only a matter of months to find a new lender and start the entire process all over again.
Law School?
One good hot coffee spill and you’re in the clear. ;)
Being stupid can be expensive.
Get a job at a burger joint spend a percentage of your income on lotto tickets, if you don’t hit the jackpot, start drinking.
I chose a state school. I earned my degree in education knowing the pay rates in Ohio. My bro-in-law chose a private school and earned the exact same degree as I earned. I graduated debt free. I owed no money for my degree or my Cavalier. He graduated owing more than 100K, driving a car given to him by his parents. He actually made less money his first year of teaching than he borrowed for his first year at Hiram.
“Well, I made a lot of mistakes when signing up for my loans, but I was uneducated on the process ...”
Well, you got an education then.
Looks like more than 50% of the CNN posters are on her side, and thinks she should get some free government cash.
all while putting up with high interest rates and an amount of debt that brings me to tears?
Simple cost-benefit analysis would have kept a lot of these people from going into debt for their college degree.
Degrees in real things like engineering and medicine have a pretty good payback-ratio, but for degrees like psychology and communications, there is an inverse payback-ratio.
I am sitting on $115,000 of student debt. And based on my lender’s loan terms, I only have roughly 12 years to pay it off.Consolidate with a company like Academic Loan Group (no, I don't work for them), and you'll lock in the low interest rate over a 30-year term (no penalty for accelerated payoff). At 5% interest, that should get your monthly payments down to about $620/mo.
‘poor little mind’ he has ...
the younger people among us want to start off where their parents are after 25-30 years
false values ... not workable
An Obama voter no doubt. How’s the hopey-changey thing treating you now? Just wait a couple of years, unemployment will be way over 10% you’ll be standing in line at the soup kitchen and student loans won’t look like such a problem. All those college kids who voted for Zero graduating with slim pickens for employment; thank God I graduated 4 years after Ronald Reagan was elected.
I don’t believe there is ANY degree worth going $100k into debt for.
Yes.
To avoid this, our daughter lived at home for 3 years and went to community college. She will transfer to a large university in the fall and will have to go 3 semesters to get her degree. All of her credits transferred. She took a relatively light load while she was working. We kept saving, we have $$ in the bank for 2 of the 3 semesters and only have to save for her last semester. She will graduate with a BS in biology with no loans. That was our goal.
Student loans are as out of control as were the housing loans. They will be another ‘bubble’ to burst ... only you can’t repossess a degree ... or can you?