Posted on 03/19/2017 5:41:12 AM PDT by bobsunshine
Right. See my post at #57.
In the interactions I have seen, there is very little back and forth about affordability. It is primarily what the kid wants and can be eligible, and too many parents will co-sign that loan blindly, which is a crazy degree of trust in an 18 year old.
But, they are your kids, and most parents have some degree of a blind spot there. Not saying it is a bad thing, that is just the way it is. If you are normal, I don’t see how you couldn’t have a blind spot, if the kid isn’t a proven rotten apple.
This means that you had starting take-home pay of >> 5k/month right out of undergrad.
Who hired you? Where did you live during that time?
Professor salaries go up. Endowments go up. University Staffing goes up. New facilities go up.
Student tuitions and fees go up.
WHICH ONE OF THESE THINGS NEVER, EVER, EVER, EVER, GO DOWN OR STAY STABLE?
You are a jackass. When I went to school late ‘70’s in state tuition was $500.00 a semester and minimum wage was $2.00/hr. So working made sense. Now tuition at that same school is $7,000 semester and minimum wage is $7.00/hr. So working makes no sense as your part job is NOT going to make one difference in the debt you have when you graduate and may affect your GPA.
Suggest you reread my points 2-6 plus post #26. Of course, the institutions are central to the problem, which is why my points put those selling the most useless degrees at greatest risk.
Suggest you reread my points 2-6 plus post #26. Of course, the institutions are central to the problem, which is why my points put those selling the most useless degrees at greatest risk.
Thanks globalism.
Who is calling who, what?
Just the cost of books for a semester can be well above $1000 if you take a full load of classes. The required books are unique to each school and class. It’s absolutely disgusting.
I agree that destruction of our industrial base has played a large part in that dynamic, and that has been done by people we elected at all levels.
One of the few responsible solutions offered. The institutions have to be on the hook for some of this. I would also like to include a performance clause that would require colleges ensure a reasonable graduation rate. Pushing kids into college who are incapable of college work is criminal.
The only thing worse than having a worthless degree with huge loans is not having one and still having the loans.
Try to walk into any college and find the office that helps with scholarships, guess what, it's the same office that deals with student loans. The required paperwork is dual paperwork for scholarships is also student loans. Their response 9 times out 10 will be “you qualify for these scholarships loans”. They must get a fee to sign kids up for them. WTF is a scholarship loan?
Students are desperate due to indoctrination. Education at the next level is required for success in this new Information any education. The cost today cannot be compared to what anyone paid just 10 years ago. 30 years ago I saw cost go from 1200 a semester to 2400 semester in the 5 years I was in school. That same school today it's almost 8500 now.
Some kids do use student loans to live well above what's reasonable and buy stuff the should not. I don't know the solution to this problem but things need to change on everyone in this trap. The University, the student, the government, the lender, the parents (if the cosigned) all have culpability and hence will need to be held accountable. If we do nothing it will continue to get worse and it will have repercussions none of us can afford.
++++“alimony disguised as child support” what nonsense. $400 a month is not alimony. These moms with their little office jobs need the help and the dads that end up going to jail go because they REFUSE not just can’t pay. There is a difference.
++++
Sometimes you just have to refuse. My ex went off with a new internet love shack up and when I filed for divorce asked the judge in a hearing for $1000 a month living exense since she had no job. The judge ordered me to give her the money over my argument her toyboy needs to foot her bills or she needs to work. My only source of living was my VA disability benefit and I told the judge I wasn’t giving that to her, but she was welcome to hit up federal court for a portion of my disability. The judge was POd but knew he could not order me to pay disability benefit to her. I just asked him whether she should get my shell fragment percentage for my chest, shoulder or legs. I ignored the order till everything finalized (she ended up with no alimony).
Be that as it may, most of those loans can never be repaid.
That is what bankruptcy laws are intended to deal with.
Oh - wait! Student loans are specifically exempted from discharge in bankruptcy.
So the alternative appears to be a lifetime indenture, or possibly the revival of debtor's prisons. Historically, this sort of thing does not work either.
Other posters have suggested much better remedies, but there are no solutions that recover the stolen money. It is all gone. No appeal to "fairness" or "personal responsibility" can recover very much of it.
The Academic Institutions conned their 18-year old students into signing predatory loan agreements for worthless credentials. They knew what they were doing and it is easy for authorities to fool young people who have no substantial life experience.
The Institutions should pay for what they stole.
Here is the quick summary:
I think the biggest fallout from this would be the massive deflationary pressures on all aspects of higher education, from salaries, facilities and the cost of a degree. Which may be the tough pill that needs to be swallowed. It is just painful when you’ve build a business model based on certain costs and then all of a sudden you find out that the good or service that you are offering just isn’t worth as much anymore.
And the cost of Spring Break:
31% Of College Students Spend Their Loans On Spring Break: http://www.zerohedge.com/news/2017-03-09/study-finds-31-college-students-spend-their-student-loan-money-spring-break
>>To my mind, if you own property, you are subsidizing the education of K-12 students through property taxes. <<
And we as a nation agreed that education is important to have ab educated populace (although the actual execution is quite disheartening).
It is quite different to pay for someone’s OPTIONAL education.
I am a jackass? You went "too" college and working is "to" risky?
I ax you, who is the jackass?
As I repeated to the lady that said in small letters, 'stfu', I say to you in caps
STFU!
The government must STOP loaning money to students. Its a racket - designed to funnel money through either unsuspecting, naive students, or outright fraud, to academia - the Left’s stalwart pillar. All while it simply pushes up costs, and funds the next generation of ideologues.
It is turning millions of Americans into literal slaves of the government - debt that can’t be discharged in any way.
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