Posted on 10/31/2022 5:17:44 PM PDT by grundle
This dingbat.... I, too, graduated with a loan of $75K (in 2004). I made my first payment. The next month I got my statement with the next payment and I READ IT and saw immediately that my minimum payments barely covered the interest, and I understood immediately that if I wanted to make progress, I'd have to pay more than the minimum. I monitored it closely.
Eventually, around 2010, I sat down with paper and pen and figured out that if I paid twice the minimum each month, I'd be paid off on April of 2018. And I paid it off in April 2018. And I was an English teacher, with pitiful math skills, living in Los Angeles, too broke for a car most of the time. If I can do it, dammit, anyone can.
Yes, the safety net has a few holes.
This one bothers me.
My stupid ex son in law has over $100k in student debt. He has a Masters in a worthless Psychology degree and drives a forklift in a factory. He thinks he is smarter than everyone else.
I’d hazardous a guess that you are not a liberal with a shoe size IQ.
Even at 0% interest, it will take her nearly 31 years to pay it off at $300 per month.
EC
Going to Community College for me was not having the funds to pay for 4 year even public university! You disparage students attending as deficient which is not always true. I love that there is a stepping stone Community College for those who are challenged financially. Those who yes need remedial education…and those in the community no matter what age may seek further education…. There were many seniors in my anthropology and geology courses…they actually provided the insight of an older generation in class discussions. Blessed to have known them.
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Sorry, if I was not clear...I think you missed my point.
No, I was not disparaging community college...I was sharing what my high school’s attitude was...what they encouraged.
What I said...
“Going to the community college was considered a punishment for slacking senior year...A threat to be used by parents if students were not working to potential their senior year.
Frankly, given the times in which we live, I would encourage kids to take basic classes at community colleges as they are at least 50% less than 4-year schools (tho still expensive). Not to mention that kids could live at home for a couple years saving money and not be indoctrinated so easily by radical professors who seem to have infiltrated nearly every university in every subject.”
Not disparaging.
Both my spouse and I took classes at community college as did my kids—and they all have advanced degrees in science-related fields...
I said I would recommend going to community colleges.
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