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re: October is going to be interesting for irresponsible people

Posted on 6/17/23 at 7:35 pm to
Posted by trinidadtiger
Member since Jun 2017
19949 posts
Posted on 6/17/23 at 7:35 pm to
quote:

I agree in principal.I put money in the college fund religiously for 20 years But One major caveat- certain schools WERE undeniably predatory in which companies they steered their students to. . I’ve read annd heard the stories . They were LITERALLY lied to by the lenders. Look it up, it’s scandalous . And so many of these people who were lied to have paid back FAR more than the principal and still owe a lifetime of payments. So just stopping in to say it’s not as ideologically clear cut as we make it out to be on this board.


Whaaaaa????? This is a federal student loan, no one has paid back a federal student loan "and owes a lifetime of interest", you need to lay off the acid my friend.
Posted by McLemore
Member since Dec 2003
35310 posts
Posted on 6/17/23 at 8:10 pm to
I guess you’ll have to suck the BBD for cash instead of gratis like you did in your dorm room, Mollllly.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
12640 posts
Posted on 6/17/23 at 9:20 pm to
quote:

The one and only thing I’ll agree with these type of people are “If we can bail corporations out of bad decisions and send billions in aid to Ukraine, why can’t they forgive our student loans?”


We have options for individuals who want help with education. It is called the GI Bill. Sign on the dotted line for Uncle Sam in the branch of your choice. Learn a trade in the military get credit for those courses, see the world in Uncle Sam’s dime, graduate college late in life or try taking online courses while serving. Stay longer than a few years, get mailbox money when you retire and work in the private sector. Best of all you can get free healthcare for life through Tricare and the VA.
Posted by theagent39
Member since May 2020
227 posts
Posted on 6/17/23 at 9:32 pm to
MOLLY took out the loan KNOWING 100% the payment amount due each month and when it was due. Molly, once again made an extremely poor financial choice and has several month to LOWER her cost of living to meet the loan obligation!
Posted by deltaland
Member since Mar 2011
102613 posts
Posted on 6/17/23 at 9:34 pm to
How big a loan did she take out? I borrowed 25k for 3 years at MSU in 2010 after a year and a half in Juco on a football scholly. My monthly payments were like 200 a month

Students need to stop borrowing 6 figures unless they’re pursuing law or STEM degrees that will lead to jobs that can pay for it
Posted by FLTech
he/won
Member since Sep 2017
28151 posts
Posted on 6/17/23 at 9:36 pm to
Luckily I received a college scholarship so I never had to worry about paying for college tuition and books back then

I guess my question is - do kids who took our college tuition loans back then all think that they would never have to pay it back? I don’t understand why everybody is so fricking surprised that they have to pay back their touition.
Posted by deltaland
Member since Mar 2011
102613 posts
Posted on 6/17/23 at 9:38 pm to
quote:

They don't think it's fair that the banks took advantage of them when they were 18


What the problem is, is that kids are lied to by parents and universities that they have to go to college to succeed. Many of these kids aren’t smart enough to get a real degree. So they get an easy one but it costs just the same. It is somewhat unfair but not the lenders fault.

We need reform where there are limits to how much you can borrow based on your high school transcript and degree you’re pursuing. Unless you have a co-signer who shows they can afford it if you cannot.
Posted by Cajun Tiger 4
Member since May 2018
428 posts
Posted on 6/17/23 at 9:39 pm to
Gee can someone pay my mortgage and car payment and stuff.
Posted by deltaland
Member since Mar 2011
102613 posts
Posted on 6/17/23 at 9:41 pm to
quote:

Guess she needs to turn off the cell phone or either get a cheaper plan. Turn off the cable and internet or get a cheaper plan. Move out of the apartment she is in and get a cheaper one. Maybe trade down on a car that costs less. Maybe quit eating out. Start buying what you need and not actually want.


The problem with the young generation is they think these are necessities and not luxuries and don’t understand sacrifice in order to take care of your responsibilities. Imo if you default on a student loan you should have your degree revoked just like the bank takes your house and car. It gets reinstated when you get caught up on payments
Posted by deltaland
Member since Mar 2011
102613 posts
Posted on 6/17/23 at 9:47 pm to
quote:

Probably $250k minimum on loan, probably more, so you can be an independent writer and live in one of the most expensive cities in the nation.


This blows my mind. Read up on the lives of the most famous writers in history and about how broke they were (without student loans) and tell me how this makes sense. Something like the top 2% of authors are well off. A much higher percentage don’t make a living off writing, it’s just a side hobby
Posted by faraway
Member since Nov 2022
3784 posts
Posted on 6/17/23 at 9:50 pm to
quote:

the problem with student loan repayment is the money doesn’t solve anything.

grifting via endless wars doesn't solve anything either. It creates bigger problems than student loan debt whining
Posted by the808bass
The Lou
Member since Oct 2012
128773 posts
Posted on 6/17/23 at 10:01 pm to
Molly jump started a semi-viral post by a guy who called her “I hate where I’m from” girl. She grew up in Tennessee and she hates white people.
Posted by LSUAngelHere1
Watson
Member since Jan 2018
10137 posts
Posted on 6/17/23 at 10:23 pm to
I bet she screams TAX THE WEALTHY
Posted by Flats
Member since Jul 2019
28049 posts
Posted on 6/17/23 at 10:30 pm to
quote:

This blows my mind. Read up on the lives of the most famous writers in history and about how broke they were (without student loans) and tell me how this makes sense. Something like the top 2% of authors are well off. A much higher percentage don’t make a living off writing, it’s just a side hobby



One of her jobs out of college was copy editor. So you go to six years of school for close to $300k and you're proofreading someone else's material? How is that sane? That would be like going to engineering school so you could tighten screws on an assembly line.
Posted by Spaniard
Pine Belt
Member since Apr 2011
1198 posts
Posted on 6/17/23 at 10:32 pm to
They will extend it again just in time. For another election that is.
Posted by UcobiaA
The Gump
Member since Nov 2010
4252 posts
Posted on 6/18/23 at 12:54 am to
quote:

A lot of those people are going to just not pay the loans thinking they will help “bankrupt” the companies that loaned the money. Those dumbasses don’t realize though that the government will start garnishing their wages


Or their social security. I remember seeing an article about the first group of retirees having their checks withheld. They had worked an entire career without repaying their loans and seemed shocked the debt was being collected.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 6/18/23 at 12:56 am to
quote:

You voted for it Molly.


Molly apparently also chose to go to a college she couldn’t afford. Hope study abroad was fun since you’ll be paying for it until your 40.
Posted by Auburn1968
NYC
Member since Mar 2019
26434 posts
Posted on 6/18/23 at 12:59 am to
Ideologically stupefied people shouldn't have majored in Marxist Interpretative Dance and related "fields of study."
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
19829 posts
Posted on 6/18/23 at 1:04 am to
You would figure all these liberal majors with a miniscule earnings potential other than in DC or Sacremento would know....

Forbearance =/= Forgiveness
Posted by CamdenTiger
Member since Aug 2009
65779 posts
Posted on 6/18/23 at 1:31 am to
That’s the start of another election year, so we’ll have another pandemic by then, for mail in voting
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