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re: At least half of students defaulted or failed to pay down debt within 7 years
Posted on 2/22/17 at 10:29 am to geauxtigers87
Posted on 2/22/17 at 10:29 am to geauxtigers87
FSAOperations@ed.gov I believe is the website which might be of helps
0
Posted on 2/22/17 at 10:29 am to GreatLakesTiger24
How about we stop giving money to foreign countries for a year and just use that money to fix some of the stuff like this that is a problem in our own country?
Posted on 2/22/17 at 10:30 am to stelly1025
Cut universities and a massive overhaul with trade schools.
For whatever reason this country collectively decided to shite on Blue color jobs like plumbers and electricians and force everyone to attend college and beyond.
I know plumbers and electricians without college degrees making more money than some kids out of law school 200k in debt or MBA school 100k in debt. There's no reason for that. Not everyone has to go to college and work in an office building.
For whatever reason this country collectively decided to shite on Blue color jobs like plumbers and electricians and force everyone to attend college and beyond.
I know plumbers and electricians without college degrees making more money than some kids out of law school 200k in debt or MBA school 100k in debt. There's no reason for that. Not everyone has to go to college and work in an office building.
Posted on 2/22/17 at 10:34 am to tiggerthetooth
quote:The precedent was set in 2008
sets a bad precedent
Posted on 2/22/17 at 10:35 am to Breesus
In a country and work environment that has problems finding good candidates for open positions, often opting to recruit Asia and India, I'm not how making things worse for higher education would somehow help our not very well educated workforce.
Posted on 2/22/17 at 10:36 am to Breesus
I think pushing the idea of the Gap Year would be a great thing.
Let high school grads spend a year or two in the real world before going to college. Maybe some of them will find alternatives to college that fits them, like blue collar work. However, the fact that many adults come out of college with a blank resume is just bad.
Let high school grads spend a year or two in the real world before going to college. Maybe some of them will find alternatives to college that fits them, like blue collar work. However, the fact that many adults come out of college with a blank resume is just bad.
Posted on 2/22/17 at 10:36 am to stelly1025
quote:don't be an idiot. college isn't job training.
Cut at least half the Universities in the US and allow only the cream of the to attend while also getting rid of useless degree programs like gender studies and liberal arts
Posted on 2/22/17 at 10:37 am to Breesus
quote:
You can't take an entry level job making 40-50k if you have 20k a year loan payments which leads to all kind so other problems.
No one should have 20k/year in loan payments if they are making 40-50k. They can do 10 or 12% I believe
This post was edited on 2/22/17 at 10:41 am
Posted on 2/22/17 at 10:37 am to oauron
I think that is what is implied by an overhaul. Why the frick do we not have apprenticeships and corporate training to fill positions of need instead of relying on a literal medieval guild system in the hopes that people learn skills related to the actual needs of the economy?
Posted on 2/22/17 at 10:41 am to HempHead
the system here is designed to keep you poor and stupid so the "elites" remain in power, and the masses remain too dumb and poor to even consider that they are getting fricked.
Posted on 2/22/17 at 10:41 am to shotcaller1
quote:
How do you go 7 years without paying and having anything happen to you?
My guess is they are paying income-driven repayment programs, but their salaries are so low, they are paying a penny or so worth of their principle, and the rest is paying the interest.
Posted on 2/22/17 at 10:41 am to GetCocky11
quote:
think pushing the idea of the Gap Year would be a great thing.
What is a kid straight out of hs going to do in the "real world"?
Other than continue to live at home to still have his mom do his laundry
Posted on 2/22/17 at 10:42 am to GreatLakesTiger24
Well, that number or more are underemployed, so it's not surprising. At a moderate standard of living, normal bills alone are $1500/mo.
I still have no idea why books cost so much. I had to pay $340 for a textbook once. Most books are $120 minimum. And now you have even in-state public tuition costing $15k/yr for only two semesters, and that's a lot of money.
I still have no idea why books cost so much. I had to pay $340 for a textbook once. Most books are $120 minimum. And now you have even in-state public tuition costing $15k/yr for only two semesters, and that's a lot of money.
quote:This is not true at all
In a country and work environment that has problems finding good candidates for open positions
This post was edited on 2/22/17 at 10:44 am
Posted on 2/22/17 at 10:42 am to shotcaller1
quote:
It's called death or permanent disability.
Actually, disability does not qualify you for loan forgiveness, only death. Even if you declare bankruptcy, your student loans aren't forgiven. That's why anyone with student loan debt should take out disability insurance as soon as they start making any money and are eligible to do so.
Posted on 2/22/17 at 10:43 am to geauxtigers87
quote:
What's the process for doing that? I work for a nonprofit
Just google PSLF and you should find it. If you've refinanced your federal loans into private loans, you're ineligible. Only federal loans under an eligible repayment plan are able to be forgiven under PSLF.
Posted on 2/22/17 at 10:45 am to GetCocky11
quote:
I think pushing the idea of the Gap Year would be a great thing.
I've pushed for this for years. TOPS even allows for students to take a year off after high school before enrolling in college.
People like myself would be substantially benefited by sitting out a year and figuring out what they want to do before starting college. Many students go straight into college because they're told they have to/should.
The only downside is that typically institutional scholarship offers are only good if you enroll in the semester immediately after graduation. But the types of students who could use a gap year typically don't qualify for scholarships anyway.
This post was edited on 2/22/17 at 10:48 am
Posted on 2/22/17 at 10:46 am to Patron Saint
Posted on 2/22/17 at 10:48 am to Patron Saint
quote:
Actually, disability does not qualify you for loan forgiveness, only death. Even if you declare bankruptcy, your student loans aren't forgiven. That's why anyone with student loan debt should take out disability insurance as soon as they start making any money and are eligible to do so.
That's not what I said. permanent disability is grounds for forgiveness/dismissal.
quote:
A total and permanent disability (TPD) discharge relieves you from having to repay a William D. Ford Federal Direct Loan (Direct Loan) Program loan, Federal Family Education Loan (FFEL) Program loan, and/or Federal Perkins Loan (Perkins Loan) Program loan or complete a Teacher Education Assistance for College and Higher Education (TEACH) Grant service obligation on the basis of your total and permanent disability.
LINK
Posted on 2/22/17 at 10:48 am to Patron Saint
quote:
Federal loan forgiveness already is a thing. It's called Public Service Loan Forgiveness, and you qualify if you work for a 501(c)(3) organization for 10 years and make 120 qualifying payments (monthly payments for 10 years). Once you make the 120 payments, the remainder of the loan is forgiven as long as you worked for a 501(c)(3) organization the entire time.
Federal government is also using this to entice recent grads as well. It has to be offered by the agency, and it is typically a negotiation enticer during hiring.
Posted on 2/22/17 at 10:48 am to GreatLakesTiger24
quote:
Thoughts?
Not surprised. It was like that 20 years ago when I was in high school they were trying to convince everyone that they needed to go to college when the truth is college really isn't for most people.
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