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Split hairs? I'm trying to get it through to your that no one is ever forced to go to college or take loans, its a personal choice. They can work while going, live at home while going, or not even go at all.
To many want bailouts for their bad choices and it would be unfair to the ones that have paid off their education if the government allowed student debt to be wiped.
Yes its their choice to go to college but the loan is and isn't. Not every student can work or find a job while in school, and if they live at home I guarantee that will play into there financial aid package decision for fafsa. The more tuition is, the better chance they will be "forced" to take a loan.
Its there personal choice to use credit cards to pay for there tuition and that can be bailed out, so why is bailing out such a bad thing? Are you saying we shouldn't bail out credit cards anymore either? You could also argue that same student uses there credit cards to buy an xbox, jewelry, clothes, coffee, etc on there card and then just files bankruptcy....isn't that a bad choice too?
Split hairs? I'm trying to get it through to your that no one is ever forced to go to college or take loans, its a personal choice. They can work while going, live at home while going, or not even go at all.
To many want bailouts for their bad choices and it would be unfair to the ones that have paid off their education if the government allowed student debt to be wiped.
If you want to be an doctor or dentist, you have to go to college. Same with an engineer, PA, accountant, lawyer etc. Some degrees are nearly impossible to obtain if you work. You need to nail a near perfect GPA in the sciences (PA, dentist, doctor, etc).
If your parents live in rural Iowa, who says you can live at home if the closest college is 2 hours away. It's not always black and white. But I do understand your broader point of view.
Yes its their choice to go to college but the loan is and isn't. Not every student can work or find a job while in school, and if they live at home I guarantee that will play into there financial aid package decision for fafsa. The more tuition is, the better chance they will be "forced" to take a loan.
Its there personal choice to use credit cards to pay for there tuition and that can be bailed out, so why is bailing out such a bad thing? Are you saying we shouldn't bail out credit cards anymore either? You could also argue that same student uses there credit cards to buy an xbox, jewelry, clothes, coffee, etc on there card and then just files bankruptcy....isn't that a bad choice too?
Education should never be bailed out, as I stated before knowledge can not be repossessed. You do realize that if you file bankruptcy the credit card companies check and see if any of the charges are to a college you you still have to pay the charges, right? It all boils down to bad choices and non returnable goods and unfortunately folks that want to get out of paying their bills.
Split hairs? I'm trying to get it through to your that no one is ever forced to go to college or take loans, its a personal choice. They can work while going, live at home while going, or not even go at all.
To many want bailouts for their bad choices and it would be unfair to the ones that have paid off their education if the government allowed student debt to be wiped.
I'll take the second part of this, as MN did a good job with the first part. Working while going to college not a viable option to pay for the whole enchilada. Some programs discourage working. A girl who has been temping in our office and is studying nursing said her program discourages working while in school. Many programs are set up such that there is little time to work, and off campus employers tend not to be very flexible with student employees. Working for the school does tend to be more flexible with time off for finals, etc. No one can work full time and go to school full time despite many people on this forum claiming to have done so. The last one I debated about this folded when I asked him what his major was. I think he was making the whole thing up. Living at home, as MN said, is not always an option, and not always that much cheaper, either. You generally need a car, and gas for said car, and all the other expenses that go with a car. Not going at all is not an option for financing a college education.
....Living at home, as MN said, is not always an option, and not always that much cheaper, either. You generally need a car, and gas for said car, and all the other expenses that go with a car. Not going at all is not an option for financing a college education.
Very true. We have winter home in AZ. My DD is attending school there. My 1st inclination was to have her live at our place for "free". After all, the apartment across the street from the college was $500 rent (each student) plus 1/3 of the electricity and internet or $550 total per month x 12 months a year. That would be a $6600 savings.
Not really. The "savings" wasn't anywhere near that level. When I computed the extra cost in gas ($160), plus car wear-and-tear ($150) the difference really shrunk. Never mind that my washer and dryer, carpet, stove etc were going to get her wear-and-tear. Additionally I had to cool the 2nd level of the home where the spare bedrooms are located (and heat it in the winter) etc. The real difference was around $2K per year. But now she can more easily study with other students (which happens often) and she has another 80 minutes of studying every school day versus driving in traffic. So living at home isn't the big savings as I would have assumed nor is it as practical for challenging degrees.
Very true. We have winter home in AZ. My DD is attending school there. My 1st inclination was to have her live at our place for "free". After all, the apartment across the street from the college was $500 rent (each student) plus 1/3 of the electricity and internet or $550 total per month x 12 months a year. That would be a $6600 savings.
Not really. The "savings" wasn't anywhere near that level. When I computed the extra cost in gas ($160), plus car wear-and-tear ($150) the difference really shrunk. Never mind that my washer and dryer, carpet, stove etc were going to get her wear-and-tear. Additionally I had to cool the 2nd level of the home where the spare bedrooms are located (and heat it in the winter) etc. The real difference was around $2K per year. But now she can more easily study with other students (which happens often) and she has another 80 minutes of studying every school day versus driving in traffic. So living at home isn't the big savings as I would have assumed nor is it as practical for challenging degrees.
Well then I guess you need to ask yourself, is college the right choice and can she pay back her agreements?
Well then I guess you need to ask yourself, is college the right choice and can she pay back her agreements?
She is going to dental school. I paid for her undergrad so she went into it with zero debt. That said, I'm paying for her R&B and about $25K a year of her tuition. Therefore I worked the math and concluded that living at home didn't make much sense.
The average starting dentists makes $120K a year (see Dentist Salary | Salary.com ). An average dentist makes around $165K a year.
Education should never be bailed out, as I stated before knowledge can not be repossessed. You do realize that if you file bankruptcy the credit card companies check and see if any of the charges are to a college you you still have to pay the charges, right? It all boils down to bad choices and non returnable goods and unfortunately folks that want to get out of paying their bills.
If education should never be bailed out how come private loans were allowed to be bailed out prior to 2005 and federal....well that was back in the 70s I think before they changed that....and don't give me they changed the law because the system was being abused, there is just no proof of that. As far as the credit card companies checking, that's not true. I worked in a bankruptcy law firm and most of the time they didn't check the charges at all. Maybe they do in other states or the laws have changed for that since. Its not like they go through each individual charge and make you explain why you charged each one. I know some colleges won't take credit cards or they only allow you to put so much onto the card and the rest must be paid elsewhere. If it all boils down to bad choices, non returnable goods, and get out of paying their bills then why can I file with credit card debt, gambling debt, payday loans, etc. That same student can charge 100k worth of fur coats and still discharge it.
And they end up working in a filed that has nothing to do with the college degree.
They need room mates to barely afford rent and food and are expected to pay back the money borrowed to fund a 200K degree,
Are kids and parents of this era being scammed by colleges?
Sorry, but children don't typically graduate from college. Those do enter college early enough to graduate and still be a chlid quite easily get scholarships to cover most of everything. They wouldn't come out owning $200k. I'm not sure I follow your logic here.
And they end up working in a filed that has nothing to do with the college degree.
They need room mates to barely afford rent and food and are expected to pay back the money borrowed to fund a 200K degree,
Are kids and parents of this era being scammed by colleges?
No it's called willful ignorance.
Just like with the mortgage debacle. EVERYONE knew exactly what they were doing when they ripped their equity out of their houses like an ATM, overfinanced properties, did liar loans, took joke mortgages requiring no payments but building interest on the back end. Then when the bubble burst cried ignorance. "Boo Hoo not fair!"
Also what you get when you put FREE MARKET into the government's hands. People will NEVER LEARN and are only gettting more uninformed with every passing year.
THE BIGGER THE GOVERNMENT, THE BIGGER THE MESS, CORRUPTION AND SCAMS. Get a clue, people. Keep voting for nanny state and big govt, you haven't seen anything yet.
I do not agree with RS's uber Left ways but they're even complaining:
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