Page 3 of 8 FirstFirst 12345 ... LastLast
Results 21 to 30 of 78
  1. #21
    Banned
    Join Date
    Aug 2012
    Posts
    128
    Quote Originally Posted by gladdenguy View Post
    You should be proud of yourself. Don't be pissed because others take the easy way out.
    Oh I am and I'm not. I'm not pissed at the people who took the easy way out, I'm pissed at the people who will give them the opportunity to take the easy way out.

    The enablers if you will.
    Last edited by xlax; 09-28-2012 at 10:16 AM.

  2. #22
    Freshman
    Join Date
    Jan 2008
    Location
    Greenville, SC
    Posts
    232
    Gotta say, I like the effort to deal with the student loan crisis...it is one that needs immediate attention. I like elements of the plan, like keeping interest rates low and making a 10% cap based on income. The forgiveness after 10 years though doesn't sit too well with me, I'm not sure if that is sustainable at all, especially if they have consolidated out to 20 years. I wish student loans were more like home loans in terms of refinancing. Consolidations are great and I did it myself to lower payments and get a lower rate, but you can only do it once. I did it before the rates hit rock bottom before the crisis. Now I can't take any advantage of the ridiculously lower rates now. That kinda sucks. Also I agree with Boozehound that there is a huge disconnect with college bound kids about what to expect from their chosen majors and what kind of loans they will be facing after college. This is something that needs to be seriously taught to students at some point prior to them signing a promissory note.

  3. #23
    Sophomore nkymuskie's Avatar
    Join Date
    Jun 2010
    Location
    Williams Ave
    Posts
    575

    Student Loan Forgiveness Act of 2012

    How about instead of trying to fix the result of the problem (student loans) the government take a look at why colleges on average increase their tuition by 8% every year.

  4. #24
    Supporting Member boozehound's Avatar
    Join Date
    Jan 2008
    Location
    Cherry Hill, NJ
    Posts
    6,554
    Quote Originally Posted by kyxu View Post
    Sure, there are plenty of instances where employers pay for a two-year master's program. Good for you. That isn't always the case, though. I can't think of many hospitals, clinics, or law firms that pay kids out of college to go to medical or law school.
    That's fine then, and that needs to be part of people's decision making process when deciding (a) whether or not to attend schooling for those degrees as well as (b) what school to attend.

    For example, I would argue that going $100K into debt to get a degree from a Tier 3 law school is probably not a smart choice for most. If you have rich parents who are going to bankroll you, go for it I guess, but if you are paying yourself you need to realize what your likely salary and job prospects are and take that into account.

    Quote Originally Posted by kyxu View Post
    I remember when I was visiting law schools, there was a session on student loans and borrowing that I attended. While this particular law school showed the slide that indicated their annual tuition of $25K+, the administrator said "don't let money be the reason you don't go to law school." And this was to a room full of 21-year-old kids who think they're going to walk into a job making $90K at 25. What do they know? Law school administrators have been a big culprit in the whole student loan debt crisis.
    I don't disagree with this at all. My recollection from college is that a great many students are misinformed in general about how much money they are likely to make coming out of school. Many of them thought that they were, for sure, going to make $60K+ right out of Xavier. The reality when people graduated is that many were starting out at a little over 1/2 that.
    Eat Donuts!

  5. #25
    My uncle paid for my college. 100% of it.

    Uncle Sam.

    Sack up, America.

  6. #26
    Supporting Member bjf123's Avatar
    Join Date
    Aug 2007
    Location
    Section 105
    Posts
    5,534

    Student Loan Forgiveness Act of 2012

    Quote Originally Posted by boozehound View Post
    I don't disagree with this at all. My recollection from college is that a great many students are misinformed in general about how much money they are likely to make coming out of school. Many of them thought that they were, for sure, going to make $60K+ right out of Xavier. The reality when people graduated is that many were starting out at a little over 1/2 that.
    My first job after graduation in 1980 paid me a salary of $300 a week or $15,600 a year. If I remember correctly, X was about $4,000 a year back then, so I would just about cover 4 years with my first year salary. I doubt if anyone graduating this year will be able to say that




    Sent from my iPhone using Tapatalk
    Golf is a relatively simple game, played by reasonably intelligent people, stupidly.

  7. #27
    Hall of Famer Masterofreality's Avatar
    Join Date
    Jan 2008
    Location
    On America's Great North Coast
    Posts
    22,867
    Think a guy like John Boehner who worked two jobs to pay his Xavier tuition and not have any lingering debt would agree to legislation forgiving college loans?

    The fact is that by forgiving loans, you further erode personal responsibility. I don't buy an item that I cannot afford. I drive Fords and not Lincolns.

    There are many ways to gain a college degree. if the college is raising tuition too much, don't attend there if you can't pay the freight...and that includes Xavier. Many folks start at a community college that will transfer credits then wind up at a four year school and get a degree from that school which saves money.

    Sorry. Be responsible, grow up and figure it out if the parents can't afford it. By the way. How many parents could afford paying their kids college if they wouldn't have overpaid vacations, expensive options on their houses and other luxuries? I'm not rich, but I was able to pay for 3 kids' college- One to Xavier, One to Loyola Chicago and one to Ohio University.

    I have little sympathy.
    "I Got CHAMPIONS in that Lockerroom!" -Stanley Burrell

  8. #28
    World Series Champs BBC 08's Avatar
    Join Date
    Jan 2008
    Location
    Parent's Basement
    Posts
    4,358
    People admonishing students for taking out loans to go to a college they want blow my fucking mind.

  9. #29
    Supporting Member bleedXblue's Avatar
    Join Date
    Feb 2008
    Posts
    7,489
    Quote Originally Posted by drudy23 View Post
    Or is this simply a band-aid for the root cause? Colleges are simply charging way too much. We talk about the students who have made "bad decisions" - what about the schools that are spending the money they don't have and passing that on to the students.

    How about legislation to cap tuition costs?
    Its called a free market here in America

    This is total bullshit.

    Explain to me how this is an different than any other purchasing decision you make over your lifetime ?

    Do you biuy a house you can't afford ?

    Do you buy cars, boats etc that you can't afford ?

    Another example of our weak ass government getting in the middle of somehting that they have no business doing.

  10. #30
    Sophomore bigdiggins's Avatar
    Join Date
    Apr 2008
    Location
    Behind a boat, holding a rope
    Posts
    862
    I'm not admonishing anyone for going to the college they want. I'm admonishing people for thinking it is a good idea for taxpayers to pay off the loans the student's took out to go to said college.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •