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Started By
Message
re: Your stance on student loans?
Posted on 9/16/16 at 6:47 am to mauser
Posted on 9/16/16 at 6:47 am to mauser
quote:
Message Your stance on student loans? by mauser Talk to the Navy
This is true. When I was considering dental school the Navy said they would pay for all of it if I would do two years on a carrier.
0
Posted on 9/16/16 at 6:50 am to schwartzy
quote:
student loans
Student loans suck, but I have a masters, and in all reality, I wouldn't have the job I have now (top five biggest company in the world) if it wasn't for the degrees, which I wouldn't have gotten if it wasn't for the loans I took out. My salary basically doubled.
I wish college was cheaper, but it isn't.
Posted on 9/16/16 at 6:51 am to schwartzy
When I was in school, I worked part time during the regular semesters and full time every summer. While my friends were making multiple trips to the beach every summer, my arse was working to pay for college. My dad gave me tuition for my first semester "to give me some time to save up". He did not believe it getting into debt any more than you had to.
If student loans are forgiven, why can't I be paid back for the money I earned and spent? See where the "forgive student loans" idea is a bunch of crap?
If student loans are forgiven, why can't I be paid back for the money I earned and spent? See where the "forgive student loans" idea is a bunch of crap?
Posted on 9/16/16 at 6:58 am to Boudreaux35
quote:
While my friends were making multiple trips to the beach every summer, my arse was working to pay for college
Summer is 3 months.
Working 40 hours a week, for 12 weeks, at $15 an hour will give you $7200,or about $4300 after taxes. That won't cover books and tuition for one semester much less a whole year plus room and board and food and spending money, etc.....
I worked every summer and I worked during the school year and still had to take out loans.
This post was edited on 9/16/16 at 7:03 am
Posted on 9/16/16 at 6:59 am to Breesus
quote:
I worked every summer and I worked during the school year and still had to take out loans.
Same. Hearing the "I worked through college to avoid loans" line is old and tired.
Posted on 9/16/16 at 7:02 am to GetCocky11
quote:
Hearing the "I worked through college to avoid loans" line is old and tired.
It's tired and infuriating for people who worked their asses off.
Posted on 9/16/16 at 7:08 am to schwartzy
Student Loans are the greatest racket of our time. Backed by the government and unable to be subject to bankruptcy. You can't even refinance to terms consistent with your ability to pay without hardship. It's the student loan system itself along with reduction in State funding that has driven up the cost of college.
You can buy a home for 3.5% and a car for 5% from a local bank. Yet the government wants 7% for a grad school loan? The same government that is willing to give interest free loans to failed banks using our tax dollars?
I was saddled with $40K in student loans after grad school. IMHO, you should do everything in your power to limit your exposure to student loans.
You can buy a home for 3.5% and a car for 5% from a local bank. Yet the government wants 7% for a grad school loan? The same government that is willing to give interest free loans to failed banks using our tax dollars?
I was saddled with $40K in student loans after grad school. IMHO, you should do everything in your power to limit your exposure to student loans.
This post was edited on 9/16/16 at 7:10 am
Posted on 9/16/16 at 7:10 am to wiltznucs
quote:
Student Loans are the greatest racket of our time.
The road to hell is paved with good intentions.
They were intended to be small help guaranteed acceptance for people who wanted to go to college. They turned into a blank check cashing system for universities that the government will not stop writing.
Posted on 9/16/16 at 7:17 am to Breesus
I know multiple dumbasses that took out the max every year in loans to live high on the hog and not work. I'm talking when disbursements hit suddenly theyd go get new shotguns, toys, shots for everyone at the bar etc. That's the problem with student loans - no oversight.
I worked full time summer and during the semesters just to cover living and bar tabs. Took out loans for books/tuition but I was lucky enough to have those paid off when I graduated.
I worked full time summer and during the semesters just to cover living and bar tabs. Took out loans for books/tuition but I was lucky enough to have those paid off when I graduated.
Posted on 9/16/16 at 7:18 am to schwartzy
You have yet to say what it is you want to do. You seem undecided on what to do with your life. What kinda masters are you wanting to get?
Posted on 9/16/16 at 7:23 am to Ron Cheramie
Just pay the minimum for 10 years straight and get the rest purged. Win/Win
Posted on 9/16/16 at 7:27 am to Finch
quote:
Get a job and work your way through grad school
I do this.
It's hard AF though. My job is paying for half of it though, so it'll be worth it in the long run.
Posted on 9/16/16 at 7:33 am to schwartzy
As someone else said, go to PA school for 2-3 years and you can come out making roughly 6 figures, and working in healthcare (which seems like your interest).
Posted on 9/16/16 at 7:36 am to goldennugget
quote:
My major is fun
Wish I'd have majored in fun.
Posted on 9/16/16 at 7:38 am to schwartzy
Go to a professional school or even med school, but then be willing to explore student loan payoff programs that may require you to work in a rural area or the depths of hell for a prescribed period of time.
I did it - worked 2 years in Federally classified under served area and Bam - all paid off. Look into National Health Service Corp.
I did it - worked 2 years in Federally classified under served area and Bam - all paid off. Look into National Health Service Corp.
Posted on 9/16/16 at 7:44 am to schwartzy
It's not the same situation for everyone. I worked two jobs while in college (1 as a waiter and 1 as an intern). But I was on my own and had no one to help with my bills so every dollar I made went to that (rent, old truck, gas, food, utilities, insurance) But I only took out the very minimal that I needed. Woke up at 5:00 and went to bed by midnight after leaving the restaurant, while taking 15-18 hours/semester to finish faster. It sucked but anything worth earning usually does for a while. My first year out of college I made around 40k-50k more than I would have if I didnt go to college and paid off my student loans in two years. Moral of the story, work your arse off, live like a poor person, get a degree in something that will be beneficial and get out of debt as soon as possible.
Posted on 9/16/16 at 8:17 am to wiltznucs
quote:
Student Loans are the greatest racket of our time. Backed by the government and unable to be subject to bankruptcy. You can't even refinance to terms consistent with your ability to pay without hardship. It's the student loan system itself along with reduction in State funding that has driven up the cost of college.
You can buy a home for 3.5% and a car for 5% from a local bank. Yet the government wants 7% for a grad school loan? The same government that is willing to give interest free loans to failed banks using our tax dollars?
All of this. Perfectly said.
Posted on 9/16/16 at 8:21 am to BOSCEAUX
Shhhh 
Posted on 9/16/16 at 8:21 am to schwartzy
You'd be better going back and getting and engineering degree before a masters or phd. Way more jobs out there.
I have a microbiology degree and I ended up going to law school and I'm very happy with my choice so you may want to consider your options before commuting all those funds.
I have a microbiology degree and I ended up going to law school and I'm very happy with my choice so you may want to consider your options before commuting all those funds.
Posted on 9/16/16 at 8:25 am to schwartzy
We borrowed about $130k in 2005 for my wife to get her masters and will have it paid off in about three more years and her salaried is about triple what it was with much better hours and better benefits.
Think long term.
Think long term.
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