LOL student loans WACKING these nikkas

[Antiquity]

You spent $285,000 to get a degree in Asian Nail Filing Techniques and you want my hard earned tax money to pay for your mistake? I think not.

 

[Jhoon]

In retrospect of my life, had I known what I know now, I would have done that.

Of course, when I was graduating college Bush was still in office, so I was definitely a little to even THINK about the military.

You would have had a leg blown off, and suffering from depression.

 

[Ashley Banks]

My mom took out 60k in loans and paid it off in like 5 years but she's a nurse practitioner so she made more than enough to do that.

 

[Truefan31]

She a doctor / dentist. All she gotta do is live below her means for a bit, then she'll be aight

Don't matter that's still an L in the beginning. 400k in loans on top of living expenses too? Sheeit. 40k a year just in student loans. Smh

 

[SchrodingersStrapped!]

Debt enslavement is a real problem that affects God knows how many people today.

If there isn't serious, stringent legislation passed to curtail banks' autonomy to structure rates and repayment plans, we're looking at a perverse financial future.

How did you get a custom smiley in your sig breh

 

[Darealtwo1]

So many L's

Michigan finessed her.

Michigan ain't finesse shyt. She was a walk on paying her way in school and wasn't good enough to earn a scholly. Dumb cac should have went to UCF

 

[Field Marshall Bradley]

You spent $285,000 to get a degree in Asian Nail Filing Techniques and you want my hard earned tax money to pay for your mistake? I think not.

But you don't mind giving your tax money to drop bombs on women and kids over a disagreement between rich white folks.... yall aint shyt....

 

[Field Marshall Bradley]

My mom took out 60k in loans and paid it off in like 5 years but she's a nurse practitioner so she made more than enough to do that.

Is your mom single or married?

 

[xXOGLEGENDXx]

I paid majority out of pocket during school since I was working. It was hard as hell, but worth it. The trick they try to get you with is the refund. I never touched that refund money. I sent it back to them to pay off the loan. Graduated with only $3K+ in loans. Paid it off in a little over a year.

 

[Antiquity]

I am 57 years old, still paying my student loans from 1983, and paying student loans for my two daughters. I joke it will be on my cemetery headstone, "still paying student loans".

I am over 60 with over $100K in student debt for two kids with dreams of graduating college and getting a good start in their lives. They each have $20K of debt. I will use half of my retirement to avoid getting sunk by these predatory lenders tricks but my daughters will be saddled with monthly payments from graduation day for the next 10 years. This is what happens when capitalism fails and the capitalist begin eating their own.

I was also pressured by my family to go to college; they had no intentions of helping me pay for it though. I had to move out into my own apt at 18. I graduated but have been stuck in the same retail job i was 10 years ago because no one would hire me "without experience" even though i went to school for 5 years and have $73,000 worth in federal debt on top of another $12,000 in a private loan. I applied for hundreds of jobs "in my field" for 2 years after graduation, civil service tests and everything. There was nothing i was offered that wouldve even came close to helping me pay off my loans let alone survive; $11.50 to work at kidspeace, $12 for TSS position that offered no benefits, health insurance and couldnt guarantee full time hrs. I decided to go back for a trade school this time in the service industry and I do OK with that now but its still not enough. my original loans have over $10,000 in interest alone. I dont have cable, i discontinued my hulu, netflix, even cancelled my life insurance policy, Im going to be cutting my internet soon and just going to the library... i dont know what else to do... im lucky if i make $20,000 a year. There needs to be policies in place for those of us in these situations. I dont want to kill myself really but i also dont want to struggle my entire life and it be a complete waste, working til im dead... we have to do something about this.

I am 4 years into my career after obtaining a masters degree. I borrowed about $85k through government loans, and was sitting at $103k by the time I finished my degree. I have paid $24,333.14 over the four and a half years since finishing (as of 12/31/16). I am now at $107k in total student loan debt.

I have been fortunate to get a good job out of school and have grown in my career since. I want nothing more than to pay back what I borrowed. But interest is locked in the high 7% range for my biggest loans (PLUS) and the high 6% range for the rest.

It is so demoralizing and usurious to see so much money paid only to be in MORE debt. That is money I could put toward a house. Or to start a business. Or, most painfully, money that could actually bring down the principle of the loan.

It is crushing.

 

[Turbulent]

I don't agree with this. If you tout education as valuable and the way to get ahead/ensure a well-heeled populace, it's counterproductive to make attending so costly. These cost-of-attendance letters read to the tune of 60k/year..I think I have my old ones lying around somewhere but that's ridiculous for something that's supposed to be the key to the American Dream/whatever.

Loans are on par with the "cost of educating" people, which is bs.

Supply and demand. Credit being available is part of what's keeping education fees so high. If credit wasn't as available, there would be less demand which would cause prices to drop.

 

[Antiquity]

 

[Antiquity]

 

[Originalman]

I don't agree with this. If you tout education as valuable and the way to get ahead/ensure a well-heeled populace, it's counterproductive to make attending so costly. These cost-of-attendance letters read to the tune of 60k/year..I think I have my old ones lying around somewhere but that's ridiculous for something that's supposed to be the key to the American Dream/whatever.

Loans are on par with the "cost of educating" people, which is bs.

See the thing is homie folks don't want to call college what it really is. College for profit.....all schools are in on it and the goal is to string out school long enough to get as much out of you as they can.

Now don't get me wrong I got a BS and MS and working on another MS.

But this shyt a business plan and simple and the government doesn't want to hold these schools in check. Same way these schools take money from credit card companies and allow them to have they monkey asses on college campuses to target sudents.

My dad got a BS and a MS in the 70s. He got all loans and grants. Back them most of school was free and the state paid for it. At the most a student may come out owing 1k for 4 years of school.

Also you could complete school in 4 years without going to summer school or taking 21 hours because the hours requirement was much lower.

My mentor is a professor at LSU (he use to teach at my undergrad university) and he has been talking about this for years how college is a big business and how students getting they pockets drained and forced to stay in school longer and take out loans.

 

[JLova]

It's a giant ponzi scheme. That's why you gotta work hard and get those scholarships.

I'll never forget my first week of school. All those credit card companies lined up ready to take advantage of people. Thank god my mom worked in finance so she raised me about the pitfalls of taking on debt.