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RE: Forgive Student Loans? - 10/20/2011 6:28:07 PM

Hillwilliam

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Ed for repeat

< Message edited by Hillwilliam -- 10/20/2011 6:29:28 PM >

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RE: Forgive Student Loans? - 10/20/2011 7:30:22 PM

kalikshama

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quote:

I think students failing in college due to excessive partying are in the minority. It's far more likely professors are assigning too much time consuming homework for working college students. Most college students have jobs so the amount of homework professors assign should reflect that.

How many credits are you taking and hours per week do you work?

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RE: Forgive Student Loans? - 10/21/2011 5:56:04 AM

xBullx

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-fast reply-

Someone may have covered this already, but I haven't got alot of time, so I'll throw it out there.

I've wondered if college fees shouldn't be directly associated with the earning potential of the career fields it prepares you for. Then perhaps there should also be independent evaluation boards that determine if these fees and claims of job placement abilities are accurate.

I suspect that do to a lack of profit margins for the school they might then drop many programs.

I'm of the opinion that these schools that are dedicated to vocational training, and scarf up these program loans are an easy money scam, sure they teach the kids a great deal, but they are training them for careers that it will take them as long to repay student loans as it does a home loan. Hell, I would be willing to wager many of these kids that go to the UTI's of the world aren't even working in that career field within a year or two after graduation.

What do you guys think?

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RE: Forgive Student Loans? - 10/21/2011 6:12:17 AM

DomYngBlk

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quote:

ORIGINAL: searching4mysir

quote:

ORIGINAL: DomYngBlk

Semi, I think you are talking about two problems. Built up student loans and high cost of education. Are you saying fuck you to all the people that have student loan debt? That that group basically is fucked for life?

I agree that education costs need to be brought in line.

Who told you to take out loans you couldn't afford to repay? Who held the gun to your head as you signed on the dotted line?

In NJ, most of the community colleges have programs that with a certain GPA or higher all credits will be accepted at most 4-yr universities, leading to only needing to be at a 4-yr school for 2 yrs to get your BA/BS.

Rutgers University tuition per year: $10,104 (In-state) / $22,766 (Out-of-state)
Local Community College tuition per year (based on 15 credits/semester): $4,000 (in-county) / $4,300 (out-of-county)

Savings in tuition for 2 yrs at community college: $12,208 - $36,932

Additionally, MANY employers have tuition assistance, so if you go to school AND work, your company may foot much of the bill as well.

So, after 2 yrs, you will have an associate's degree, you can transfer into a good 4 yr college, and may have saved almost $40K in the process of getting that education, and if you work at a company with tuition reimbursement, you are getting work experience (potentially in your field) making it easier to find employment when you get your 4-yr degree. Of course doing it this way will limit your socializing, but what are you going to school for: the parties or an education?

That is all great but full of a bunch of holes. My advice first is to get in a plane and visit the rest of the country. It isn't New Jersey or New York City. What is you live in an area without a community college? Did you add in room and board if the 4 year isn't next door? How about if you don't have the transportation to get to the 2 year. Just how many companies are paying 100% reimubursement today?

I think you will have your answer in all of that.

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RE: Forgive Student Loans? - 10/21/2011 12:49:55 PM

Iamsemisweet

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I know this thread is kind of dead, but I did want to ad one thing. I don't want to give the impression that I am opposed to doing anything to relieve the misery of those who are stuck paying back exorbitant student loans. However, I think that one of the reasons this country is in the mess that we are in is because we do things that sound good at the time, but later come to find that they were not well thought through and have caused different problems. Throwing money and bailouts at problems have not helped us much so far.
I had no idea that student loan debt was 1 Trillion dollars. Obviously it is a problem that Congress and the powers that be need to address and solve in a wise, well thought out matter, that takes into account all the possible ramifications.
Like that is ever going to happen.

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RE: Forgive Student Loans? - 10/23/2011 8:01:48 PM

thompsonx

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quote:

If someone is that stupid, I don't have a hell of a lot of sympathy for em.

It would appear that you feel that those who are not as clever as you should be punished.

I feel that people who make bad decisions should be held accountable for their own decisions and not go whining that others need to pay.

What you said was that "if someone is that stupid ..."So You seem to be saying that if someone who is stupid makes a bad decision they need to be punished

By the same token, people who make good responsible decisions should reap the rewards of those decisions.

Like when a corporate raider collapses a pension fund and makes his hedge fund a butt load of money?

Nothing about being clever or not. That's your strawman, not mine.

No straw man just your own words

People with low intelligence make good decisions and people of high intelligence do stupid things all the time.

Your statement was ..."if someone is that stupid..."now you are dancing with "people with low intelligence ..."

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RE: Forgive Student Loans? - 10/26/2011 7:03:22 AM

samboct

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Just saw this one in the NY Times- a baby step in the right direction...

http://www.nytimes.com/2011/10/26/education/26debt.html?src=ISMR_AP_LO_MST_FB

Sam

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RE: Forgive Student Loans? - 10/26/2011 7:24:56 AM

kalikshama

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Yay!

From the link:

quote:

Net tuition —the amount a student actually pays, after grants and tax savings— is often sharply lower than the published price. In fact, the College Board report said, net tuition at community colleges was low enough that, when grants and tax savings are taken into account, the average student can pay nothing out of pocket and have $810 left over for books and living expenses.

I took several classes at UMass and all were excellent.

Most of my class were at community college, where I had a mix of excellent, adequate and boring teachers; however, the textbooks were always excellent.

I took one class at a private college, and both the teacher and textbook sucked.

My community college waived tuition for veterans post Desert Storm, and between that and the GI Bill (which is unrelated to the amount one is actually charged), I got paid to go to school.

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RE: Forgive Student Loans? - 10/26/2011 7:30:57 AM

kalikshama

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Here's my candidate Elizabeth Warren on student loans:

http://studentlendinganalytics.typepad.com/student_lending_analytics/2009/03/elizabeth-warren-and-student-loans.html

Credit Slips Blog (June 3, 2007): "Student loan scandal fallout" post questions the appropriateness of the non-dischargeability of student loans:
"Among the many wonders of the 2005 bankruptcy amendments is the provision that for-profit student loan agencies would get the same protection of non-dischargeability as government lenders. No one seems to know where the amendment came from and no one seems to recall any evidence of abuse that would cause these for-profit lenders to get treatment usually reserved for domestic support recipients and the taxing authorities..."

"...Ultimately the non-dischargeability decisions boils down to two simple policy questions: Why should students who are trying to finance an education be treated more harshly than someone who negligently ran over a child or someone who racked up tens of thousands of dollars gambling? And why should a for-profit lender should receive the kind of extraordinary protection that is usually reserved for domestic support recipients or the government?"

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RE: Forgive Student Loans? - 10/26/2011 10:50:58 AM

tazzygirl

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quote:

ORIGINAL: kalikshama

Yay!

From the link:

quote:

Net tuition —the amount a student actually pays, after grants and tax savings— is often sharply lower than the published price. In fact, the College Board report said, net tuition at community colleges was low enough that, when grants and tax savings are taken into account, the average student can pay nothing out of pocket and have $810 left over for books and living expenses.

I took several classes at UMass and all were excellent.

Most of my class were at community college, where I had a mix of excellent, adequate and boring teachers; however, the textbooks were always excellent.

I took one class at a private college, and both the teacher and textbook sucked.

My community college waived tuition for veterans post Desert Storm, and between that and the GI Bill (which is unrelated to the amount one is actually charged), I got paid to go to school.

I took two years at community then transferred to a four year to finish my BS degree in Business Management. It was much cheaper, I could live at home, keep my full time job and take night classes. Classes were typically a bit smaller and teacher assistance was more readily available. Even our mayor taught there. lol it was fun mixing accounting with politics.

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