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Pre-nup or just do it in the butt
She is Hot, but shes 100k in debt. Would you marry this or hotter knowing she is that much in debt? Also, whats going to happen when this obvious student loan bubble busts?
Pre-nup or just do it in the butt
prenup dont do man
lol student loan can be paid over the life time, why they crying...just that other things in life will have to take a back seat, whether its marriage or buying first home...
she looks hot, to hot for porn?
Depends on what shes studying tbh.She is Hot, but shes 100k in debt. Would you marry this or hotter knowing she is that much in debt? Also, whats going to happen when this obvious student loan bubble busts?
For instance, if she's in med school with 100k of debt it would also matter what specialty she wanted to go into.
In short, if shes a future Radiologist, Cardiologist, or CT surgeon, etc., it's all good.
Anyone have statistics on students graduating from college and not just having a hard time finding work, but picking a field with higher graduates than demand?
I made the mistake in the late 70's studying a field that went obsolete. Now it prepared me for other avenues of work, but the job I desired was paying $50k in 1978. As technology developed in electronics, by 1990, it was still just a $50k job. It went from a job requiring the best and brightest, to one any monkey can do. It used to be you had to do actual troubleshooting, but with technical advances, green light = good, red light = bad, replace board. Like I said. A monkey could do it.
I was partially lucky to break into what I do now, but I had the skill sets as well. Not a job any monkey can do, and far more than a "parts changer" that you guys use as a term of endearment.
Anyway, these people were either unlucky in how the fields now rapidly change, or made bad choices to begin with. Student loans are getting easier to get, and all this easy money for universities means they have a constant influx of students, and need not lower prices to attract them.
I also question some of this debt. Pell grants are also readily available as ling as you maintain a certain GPA and class load. I question the sanity of our lawmakers that guarantee such high student loans. I wonder what the default rates are and who picks up the tab.
Not to seem mean, but we cannot always give everyone an equal shot at things. Socialism is great, until you run out of other people's money. We did that decades ago, and are going deeper and deeper in debt.
Why would it matter what specialty? It's less than a years salary for any type of doctor. $100k really isn't that much as long as it's not a worthless degree. It's less than 2 years salary for any type of engineering, computer science degree.
chargin students expensive fees, while on the other hand stealing from the govt
Wrong. I am a full time student with a high GPA and I don't qualify for . Oh, did I mention we are not wealthy by any means. It's all loans for me (well besides the one semester I somehow qualifed for about 1500 in pell grants) and if not for me living at home all this time, working, and going to community college for 2 years I would be about 100k in debt instead of just 20k. The only thing my parents can afford to help me out with is books, they help pay for my books that's it.
I was just reading that there's more outstanding debt in student loans than on credit cards. Can you believe that ? I think Cuban got it right. Limit the loan amounts to $2K/year. Universities will have to adapt or disappear.
That's just it. The universities keep jacking their prices up, because there is always someone stupid enough to get these loans, and government socialist enough to back them. If they had to rely on real supply and demand economics, they would lower their prices.
Is the Near-Trillion-Dollar Student Loan Bubble About to Pop?
A recent piece in the Atlantic noted that student debt has grown by 511 percent since 1999. At that time, only $90 billion in student loans were outstanding—by the second quarter of 2011, that balance was up to $550 billion, according to the New York Fed. And the Department of Education estimates that outstanding loans total closer to $805 billion—and that number will pass $1 trillion soon.
As student loans rise, so has delinquency. Phil Izzo at the Wall Street Journal reported that 11.2 percent of student loans were more than 90 days past due and that rate was steadily going up. “Only credit cards had a higher rate of delinquency — 12.2 percent — but those numbers have been on a steady decline for the past four quarters,” he noted.
It shouldn't be surprising to anyone that student loan defaults are going up as young workers especially are struggling in the current economy. Izzo reported, “Workers between 20 and 24 years old have a 14.6 percent unemployment rate, compared to the national average of 9.1 percent recorded in July. That comes even as the share of 20- to 24-year-olds who are working or looking for a job is at the lowest level since the 1970s, before women entered the labor force en masse.”
http://www.alternet.org/story/152477...p/?page=entire
No it's not. Most internal medcine and fam med docs I know make around 80-95k right out of residency.
Try paying off 150k in debt with 80k in salary. Now do it with 300k in salary (a la radiologists, etc.) See?
Almost no one qualifies for a pell grant WC. You need to take a closer look at the requirements.
Have they changed them that much in recent years?
Pell grants have literally zero to do with GPA (other than if you were failing). You could make a D in every class and still receive your pell grant. It is a need based program using your income to determine that need (or your parents' if you fit certain criteria). Just to give you an example, the first year I went back to school to finish my undergrad, I qualified for just under a third of the full pell grant (came out to about 1400 for the year). It was based on my previous year's income.... I made 10,500 that year (I was an insurance salesman and was 100% commission, and I sucked at it - lol). What that means is that a single person making less than 1k a month makes too much to be eligible for the full (or even half) pell.
What's changed is the Repugs wanting to reduce the amount available for Pells, if not kill the program completely. Keeping the bubbas out of college and ignorant is a key Repug tactic.
sooooooo, nothing's changed?
There was a time not too long ago when student loans were taken out from commercial banks - i.e., not from the government -, and that did little to nothing to slow down the rising cost of tuition. So they used to rely on "real" supply and demand economics, whatever the that is, and they didn't lower their prices. As usual, don't look at the empircal evidence WC, just pull it straight out of your ass.
Last edited by DMX7; 10-17-2011 at 08:58 AM.
What time were you talking about?
Look it up, the banks may have been subsidized but that wasn't forever.
The Stafford loan program has been around since 1965 (though it wasn't called "stafford"). Under this program the loans are backed by the full faith and credit of the US (regardless of who actually disbursed the funds). This is what WC was talking about when he said "to back them."
Now, maybe it is my perspective as a 31 year old, but to me 46 years ago doesn't qualify for "not that long ago."
Maybe it is.
Ok, was that what you were talking about?? I just want to make sure that I am not missing something.
Not since the mid to late 80's at least......
Just for perspective, I made roughly 600/month and my father brought in 32k/year back then. I didn't qualify for a pell grant.
Most undergrads I've taught applied for but were rejected as well. That was circa 2000-2004.
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