- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Student loan debt just topped $1.52 trillion
Posted on 5/17/18 at 5:06 pm to SlowFlowPro
Posted on 5/17/18 at 5:06 pm to SlowFlowPro
Did you refi bro?
1
Posted on 5/17/18 at 5:30 pm to barry
quote:
Agreed, schools have figured out there is no limit on Federal loans so they can raise prices at will.
Yes, but if we cap or get rid of Federal loans we get an outrage from people who we are preventing from taking out $200k to get their gender studies degree.
Posted on 5/17/18 at 7:34 pm to TheOcean
quote:
Did you refi bro?
not with a separate company but i did "refi" to make it a 30 year repayment
Posted on 5/17/18 at 7:54 pm to SlowFlowPro
How the shite did you get a 3.3% interest rate?
Posted on 5/17/18 at 8:24 pm to Azazello
I don't understand why some college presidents don't tighten the belt on their operating plan and undercut the shite out of universities charging 50%+ more. There is no way that the cost of actually delivering said education is the driving force behind these tuition hikes. Their cost structure hasn't changed so dramatically that it would cost 2x now what it did a decade ago to educate a student.
Posted on 5/17/18 at 8:36 pm to lynxcat
quote:
Their cost structure hasn't changed so dramatically that it would cost 2x now what it did a decade ago to educate a student.
Perhaps they're increasing costs with the belief that there will be a major correction in the near future? I don't blame them for accepting risk-free money from the federal government.
This post was edited on 5/17/18 at 8:38 pm
Posted on 5/17/18 at 11:44 pm to Azazello
A bailout is inevitable and will get someone elected.
Posted on 5/18/18 at 7:28 am to boogiewoogie1978
quote:
I don't understand why some college presidents don't tighten the belt on their operating plan and undercut the shite out of universities charging 50%+ more. There is no way that the cost of actually delivering said education is the driving force behind these tuition hikes. Their cost structure hasn't changed so dramatically that it would cost 2x now what it did a decade ago to educate a student.
Because most 18yr old kids don't care...they prefer new shiny things like lazy rivers, waterslides, palatial dorms, etc.
Posted on 5/18/18 at 8:04 am to crazycubes
quote:
Serious question. Could you go get a degree in Theology , and go $350k in the hole partying it up at a expensive college . Then, join a religious order that takes a vow of poverty? Debt collector calls up. "Yep, I'm a Benedictan Brother. Yep, I have no money and own nothing. Sorry for partying."
I’ve seen a couple of Gofundme drives for women entering orders to clear their student loan debt. Apparently, some flat out won’t take you if you owe money.
Posted on 5/18/18 at 8:15 am to lynxcat
quote:
I don't understand why some college presidents don't tighten the belt on their operating plan and undercut the shite out of universities charging 50%+ more. There is no way that the cost of actually delivering said education is the driving force behind these tuition hikes. Their cost structure hasn't changed so dramatically that it would cost 2x now what it did a decade ago to educate a student.
The admission standards at some of these universities are very competitive. They have the luxury to turn students away.
This isn't like operating a hotel where you need to undercut the competition next door to stay at full occupancy. They stay at full occupancy regardless of cost.
Posted on 5/18/18 at 8:45 am to SlowFlowPro
quote:
i couldn't imagine starting to pay that 70 this year, and that's assuming no interest for 10 years. it would probably be double that if i just let it sit
It's almost as if some fields of college study leave people completely unprepared for managing life
Posted on 5/18/18 at 2:58 pm to TheOcean
quote:
How the shite did you get a 3.3% interest rate?
go to school before you. they went up over time
the private one was like 6.8% (Why i just paid it all off yesterday)
Posted on 5/18/18 at 3:00 pm to boogiewoogie1978
quote:
A bailout is inevitable and will get someone elected.
if the government bails out people with student loan debt after i sacrificed so much to minimize it and pay it off quickly, i may legit go ted kaczynski crazy. that would be such fricking utter bullshite
Posted on 5/18/18 at 3:32 pm to SlowFlowPro
quote:
if the government bails out people with student loan debt after i sacrificed so much to minimize it and pay it off quickly, i may legit go ted kaczynski crazy. that would be such fricking utter bullshite
Hell, I sacrificed so that I could pay my graduate school and my wife's graduate school in cash. I would expect a full re-fund if they plan on clearing student loans.
Now, I'd be okay if they forgave interest. But, frick wiping the principle away.
Posted on 5/18/18 at 5:57 pm to Epic Cajun
quote:
Now, I'd be okay if they forgave interest.
no way
only if they pro-rated what i would have paid in interest had i not paid it back early and refunded that money to me
Posted on 5/21/18 at 12:19 am to Epic Cajun
quote:
I would expect a full re-fund if they plan on clearing student loans.
Same. People will die if the government started forgiving student loans outright
Posted on 5/21/18 at 7:47 am to SlowFlowPro
(no message)
This post was edited on 2/15/25 at 3:28 pm
Posted on 5/21/18 at 3:02 pm to lnomm34
I can't foresee a full blown bail out. If anything, I think we'll see a reduction in the maximum percentage of one's income that can go towards loans (currently 10% of discretionary under REPAYE) and a reduction in the number of on time payments before someone reaches (taxable) loan forgiveness (currently 240 and 300, depending on your repayment type). I seriously doubt public interest (120 payments, tax free forgiveness) will be getting any better, especially considering current pushes to claw it back.
But anyway, I think that would basically fly under the political radar, unlike any kind of "bail out" which would be headline news for months.
But anyway, I think that would basically fly under the political radar, unlike any kind of "bail out" which would be headline news for months.
This post was edited on 5/21/18 at 3:04 pm
Posted on 5/21/18 at 7:46 pm to Will Cover
Neither junior nor his parents are receiving proper economic instruction in our government school system. Possibly be design.
Posted on 5/21/18 at 7:53 pm to lynxcat
quote:
I don't understand why some college presidents don't tighten the belt on their operating plan and undercut the shite out of universities charging 50%+ more. There is no way that the cost of actually delivering said education is the driving force behind these tuition hikes. Their cost structure hasn't changed so dramatically that it would cost 2x now what it did a decade ago to educate a student.
Check out what has been going on at Purdue since Mitch Daniels took over. I don't know the details, but he's been viewed as an innovator in lowering tuition costs.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News