Family Man
Banned
fukk him.
Student Debt Crisis
- Thread starter mamba
- Start date
fukk him.
Hijo de luna
Superstar
Throughout modern history debt has always been the catalyst of each financial crisis. Paying off debt slowly is highly speculative and very risky. They have options breh. Yes, live like a monk now then, live like a king later.
"I majored in screen writing and I don't want to major in debt"
"I majored in art history and Italian and I don't want to major in debt"
"I majored in environmentalism art and I don't want to major in debt"
What the fukk is environmentalism art? lol. Morons.
There are some majors worth going to school and getting loans for. Med school would be one of them. Y'all list some more...
STEM, Law, Medicine, CPA, or trades which often bypass loans by becoming an apprentice. Anything else is foolish...
They don't seem to hampered by it, their motto is "you can't take it with you to the other side" which I can agree with to an extent.
As I mentioned earlier, they are cool with it and are diligent folks, a few promotions and they will be good. The fact they drop 5k on loans + expenses and not flinch says a lot...but that is their business to attend to....
The problem is tons of grads don't have this type of plan after graduation, or a high-paying job...
The trades, scholarships, and realistic majors need to be taught to school kids....
The stories I hear from Financial Aid and Admissions Counselors ....
Actually it does. Getting rid of debt is a key factor in wealth building. No matter how much money you make the principles are the same
I agree that debt reduction is important, but not at the sacrifice of the moment or enjoying the fruits of your labor. Money and finances are a personal choice to me, so as long as you adhere to your financial obligations you should be able to splurge once in a while.
This debt concept is clearly not explained as part of financial education in universities. Government jobs are another way for new grads to save with an automatic pension and loan forgiveness.
One of my good friends worked as a maintenance man but got his MBA in Accounting and paid for $0...Now is a partner a Accounting firm...Tuition remission works if you take pretty much any job in a college...
Hell, they can uber around and get some bread too...
Debt reduction is the key to building wealth though. The whole point is not having loads of debt to begin with. But if you do have debt to rid of it as soon as possible. It frees up your money and allows more of your money to work for you. Sacrificing feel good moments is a part of getting ahead. It's being an adult. Enjoying the fruits of your labor is great as long as you're not being in debt to others. Think about owing your parents a bunch of money. Why would you not wanna pay them off asap vs only paying a little and splurging the rest on stuff?
Only in the case of student loans or cc/cars/etc the longer you take the richer you're making them while depleting your ability to gain personal wealth.
Wow. They both did law school and graduate programs?
How do they only have $300k worth of debt? Did they go to a T-10 law school?
3 years of law school each + graduate school prior to should put them above $300k in debt if they went to good schools.
i wanted to wait til i read the whole thread to reply but this shyt right here. it's hard to feel bad for this sucker. You can tell dude has no backbone, he's about to get fukked over by his job, banks, future ex-wife..
$175k in student loan debt. Current salary is $38k.
Boyfriend with no debt still hasn't proposed.
old dude was trying to drop game on his dumbass but young dude thinks like a loser. he was even trying to tell him in a very subtle/slick way not to marry the girl.
the fukked up part is that young dude is a fukking lawyer
one last thing i will say on a semi related note. From the way i see it, 74% chance old dude is racist (i get the vibe from him). having said that, you should still peep game.
Hijo de luna
Superstar
@mamba
I forgot I chronicled how student debt almost cost me the job I needed to pay the shyt back
http://www.thecoli.com/threads/student-loans-almost-cost-me-a-job-opportunity.329618/best-posts
I forgot I chronicled how student debt almost cost me the job I needed to pay the shyt back
http://www.thecoli.com/threads/student-loans-almost-cost-me-a-job-opportunity.329618/best-posts
Not paying mine.
fukk em
fukk em
@mamba
I forgot I chronicled how student debt almost cost me the job I needed to pay the shyt back
http://www.thecoli.com/threads/student-loans-almost-cost-me-a-job-opportunity.329618/best-posts
Damn.
It's good it all worked out for you.
Just goes to show you how the deck is stacked against Black people.
Not only are our resumes gettin' tossed in the bushes based on "Black" names but, if we manage to get past that, our credit reports can hurt us.
This is a problem because Black students take on student loan debt at higher rates than any other group. We also have trouble paying them back more than any other group.
We're told we need college degrees to gain access to the system. But, in the process of financing that education, we ultimately find ourselves penalized!
shyt is unfair, breh.
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Whats your job?
These people talking about they 80k in debt @9% irp
Thats an L thats gonna last you for the rest of your life
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