LOL student loans WACKING these nikkas

[Apollo Creed]

Thank You.

For some of us who ain't had it like that, sometimes you gotta get loans. And what I was speaking of the federally backed loans (staffords), not the additional private loans that cats can get as well.

You got nikkaz like this @Leviathan clown talking shyt because he on his way to a PHD with no loans. nikka, that shyt is an exception for far too many people. Far from the norm.

For those who gotta get loans, you can't be out there bullshytting when you get to school and majoring in trash that won't recoup if you finish. That's the bottom line and that's why I say that shyt is an investment. For the college should be a right crowd, that's cool, but it ain't reality. I'm definitely in favor of community/junior colleges being free or even lower of a cost, but ain't shyt free in this capitalistic society.

If you gotta pay for a PHD you dont need to be getting your PHD.

 

[luciddreamer]

Its not funny plehboi...

 

[Antiquity]

I truly believe that student loans should go away as a whole, that's what will drive the costs of college down. Right now there's no market pressure for colleges to lower costs, rather they raise costs knowing financing is available. Take away financing (loans) and costs come down dramatically. Same reason why cars are so expensive now, they know there's all kinds of loans they can finesse people into.

And they need to lessen the credit hours for a great deal of these majors that aren't intensive. It should not take 4 years to earn a degree in Speech or English Literature.

 

[Antiquity]

If your parents haven't been saving up for you to college since birth they failed as parents.

That's most parents unfortunately

 

[Scholar]

If you gotta pay for a PHD you dont need to be getting your PHD.

This is kinda true though. Most programs fund PhD students fully by using the tuition they get from masters/undergrad students or by research and teaching positions

 

[Apollo Creed]

This is kinda true though. Most programs fund PhD students fully by using the tuition they get from masters/undergrad students or by research and teaching positions

Every PhD program that is worth a damn pays you to attend because you pretty much become an employee of the university during your time in the program. Cats gotta be getting these fufu online PhDs if they are coming out of pocket.

 

[TLR Is Mental Poison]

Bout to finish my student loans in a month or two, probably wouldve done it sooner but I refi and got 1.5% rate. Payments were like $115 month.

My wife tho

Came out of med/biz school w $250K on her head. Started paying them back, probably will take us 15 years. We just had a daughter and have started putting $800 month away for her college fund.

By the time.e my lil girl is ready for college, the costs will be astronomical

Breh dont bother with a college fund.... just save regular, make a trust or something.... what happens if she gets a scholarship

 

[Flywin Lannister]

hell nah, these stories got me ..student loans are the biggest scam ever..

Real Life Student Debt Stories • Student Debt Crisis

Wait. She borrowed 50K. Paid 45K. But somehow... owes 42K. What?

50K - 45K = 5K

42K - 5K = 37K

The 37K is interest? I doubt it..

 

[Mike809]

and this is why i joined the military , did my time and got out.
gave 4 years of my life to save myself from paying a loan for 20 years.

 

[PrnzHakeem]

Breh dont bother with a college fund.... just save regular, make a trust or something.... what happens if she gets a scholarship

We can withdraw it and use it to retire or use it for another child. I'm sure there are other things we can use it for. It's just another spot to park our post tax funds.

 

[EndDomination]

A lot of the stories about student loans on this site are fairly fake.

I took out loans when I was 18 and at the time, I didn't even understand how the interest rate would impact my loan. I borrowed $7000.00. When I graduated I didn't make enough money to pay my rent and buy food, so I went into deferment. I know owe $72,000.00 in student loan debt.

 

[Field Marshall Bradley]

Wait. She borrowed 50K. Paid 45K. But somehow... owes 42K. What?

50K - 45K = 5K

42K - 5K = 37K

The 37K is interest? I doubt it..

Sad to say, that is very possible

 

[mamba]

Fail to understand the concept of compound interest when racking up debt, brehs.

 

[Field Marshall Bradley]

If you gotta pay for a PHD you dont need to be getting your PHD.

At this point, you're just paying for social status

 

[Mars Blackmon]

Sad to say, that is very possible

I know a guy in a similar situation. Making minimum payments and taking forbearances will keep you in a hamster wheel.