re: Student Loan payback

quote:

---

An accountant getting a masters to take the CPA shouldn't be given the same as a person getting a masters in library science.

---

The masters in library science would have to take a certain amount of accounting, finance, and economics classes on top of their own curriculum to qualify to sit for the CPA.

You boomers sure love to joke about student loans since y’all got to go to college back when it was 300 bucks

quote:

---

The problem is only rich white kids would go. I came from lower middle class and it sucks how much I paid compared to my rich colleagues but I also am paying in time and lowered my rate so Ill be fine as I earn a decent salary as an attorney.

That being said, the issue is cost, the schools are scams at this point and the cost is unattainable for middle class and lower.

I told LSU they ripped me off and would never see a dollar from me post-grad, and to date I have never given the law center a cent. They took enough from me and it has only gotten worse for the more recent grads.

---

You're taking small portion of my post out of context. I was stating there'd be far fewer kids going to college because it would be harder to get the loans which, in my opinion, would have our society in better shape without all this debt tied to majors/occupations that aren't panning out. The underwriting I am speaking of is looking at things like highschool GPA, ACT/SAT scores and intended major. This is what would limit the field of qualifying borrowers, but that would not only be rich white kids. I wasn't a rich white kid and made it through because of partial academic scholarships as well as working summers and holidays, the cooperative education program (I worked full time for two full semesters in my field of study; delayed my graduation a year) and working as a resident assistant for my junior and senior years. This was in the mid 2000s.

The point is, those with the aptitude will get to go on loans/scholarsips; those that don't will have to have full freight paid from some other source or don't go at all. The kids with 2.5 GPAs in high school and sub 20 on the ACT desiring to major in a worthless degree shouldn't be going in the first place.

Cost is most definitely an issue, but it was brought on by exactly the problem I'm suggesting be addressed. The notion has been pushed that getting a degree, any degree, is necessary along with college is an experience kids just can't miss. That has led to an oversaturation of paths of study that simply aren't worth it. We tried something similar housing; pass out loans to everyone with a pulse because everyone should have a house. 2008-2009 showed us how bad of an idea that was.

I'm curious how that will pan out for you. I'm sure your undergrad was a lot, but that was the amount you agreed to for your undergrad. Not sure why your post grad education should be considered owed to you. Regardless, hope that works out for you.

quote:

---

You boomers sure love to joke about student loans since y’all got to go to college back when it was 300 bucks

---

This is true and not a troll. College degree was also valuable and a big deal in the boomer days, now not so much.

quote:

---

I love how the OT conservatives think every 17-18 year old kid should completely understand what they're doing when they sign up for student loans.

---

They used too. Also, this is as much on the parents for not telling their kids no.

quote:

---

They're kids, they're idiots. They've been lied to their entire lives and told how they'll never be anything without a college education. No one ever tells them the full picture. And even if they did, they're still kids.

---

At what point do we stop being kids and start being adults?

quote:

---

don’t understand did they not disclose the terms to you when you signed up?

---

I’m sorry but whose parents didn’t sign every single thing when you started college? We didn’t know what those forms were lmao

College kids? I could understand high school age kids understanding but these kids can vote?

quote:

---

No one knew interests rates in “everything” was going to go up.

---

Did your student loan interest rate change?

Did your mortgage rate change?

Are you carrying a CC balance?

quote:

---

It’s that everything is hitting at once. I can’t afford it.

---

how much are you spending on discretionary spending? Clothes, entertainment, eating out, booze, tobacco, etc.

quote:

---

how much are you spending on discretionary spending?

---

quote:

---

booze

---

Watch it bub