[Angry Cow]

http://www.msnbc.msn.com/id/48959339/ns/business-us_business/#.UEy8_lFYWSo

This is what happens when you run an economy on debt-the ponzi scheme eventually collapses when everybody is loaded up with so much debt that most of their meager incomes are going to pay banksters, not to buy goods and services. The banksters are happy and rich, at the expense of a healthy economy.

 

[Prepping]

http://www.msnbc.msn.com/id/48959339/ns/business-us_business/#.UEy8_lFYWSo

This is what happens when you run an economy on debt-the ponzi scheme eventually collapses when everybody is loaded up with so much debt that most of their meager incomes are going to pay banksters, not to buy goods and services. The banksters are happy and rich, at the expense of a healthy economy.

No one forced them to take those loans.

Don't blame the lender because the borrower didn't think. Some of these idiots over a hundred thousand dollars for sociology degrees...sociology! Others have bogus eco 'degrees' that aren't real science and can't land them a job, unless it's being a professor of bogus earth science classes.

 

[kevinlee]

Have you ever dealt with these loan companys. They are serious low pressure people. I mailed my payment a week or so late once. They called about 3days after I mailed it I explained that I mailed it late and why and that I included the late fee. I also asked them to let me know if they do not receive it in a few days. They then proceeded to offer to suspend my payments for a year or set me up with income sensitive repayment. Really they are like it's no big deal if you can't pay we will work with you. No one is enslaved by student loan debt they are just required to make arrangements to pay what they agreed to owe.

 

[Bobbers]

Have you ever dealt with these loan companys. They are serious low pressure people. I mailed my payment a week or so late once. They called about 3days after I mailed it I explained that I mailed it late and why and that I included the late fee. I also asked them to let me know if they do not receive it in a few days. They then proceeded to offer to suspend my payments for a year or set me up with income sensitive repayment. Really they are like it's no big deal if you can't pay we will work with you. No one is enslaved by student loan debt they are just required to make arrangements to pay what they agreed to owe.

My stepson has had the opposite experience, as has my wife who cosigned for him (never, ever again for any reason will she or I cosign anything...). Nasty, call five times a day, threaten, etc. I wonder how these folks can sleep at night, those who do the collections I mean. Then again they may just hang by their feet in a cave and not really sleep at all until it's time for them to feed again...jmo

 

[Fight4Freedom]

The biggest problem I see is that in the final analysis......the taxpayer will be left holding the proverbial bag....yet again. (as always).

I'm wondering how long "taxpayers" can survive all this. The big ones, and those who can, have shifted away from here in order to survive and grow, Too bad our Government can't figure out the simple math.

On second thought, it's not that they CAN'T, it's that it's far too profitable for their personal benefit to do so.

Things are not going to get better through elections. That I can tell ya.

 

[Sweeper80]

What ever happened to "working your way through college?"

Effen ridiculous!

It sickens me to hear the whiners that got their rent, tuition, books and feed bills paid for with borrowed money scream that they can't pay it back.

I had to work a graveyard shift cleaning grease pits and repairing fast food equipment at a McDonald's to pay my way through college, yeah, it was tough, yeah, I fell asleep in my 'required retard' classes on occassion, but I walked out of that college with my certificate and a JOB! No debt, no repaying borrowed dollars.

It's insane, why do we, as a country, believe that to thrive we must be indebted?

 

[remus]

What ever happened to "working your way through college?"

Effen ridiculous!

I think that part of the problem is the fact that just going to college anymore has become so expensive that the vast majority of people simply cannot afford to go by any other means even by working and trying to go at the same time. Hell even buying the required text books for classes can run into hundreds of dollars for a single class. Granted the higher tuition costs and the cost of books both get higher and higher due to the loans that students are getting. The schools figure they have to squeeze every drop of blood out of the students while they can.

I know many people say "no one is forcing them to go to college" however if you want to get a decent job anymore many companies will not even look at you unless you have the piece of paper. I saw a sales job here locally that I could do in my sleep and the company REQUIRED applicants to have a business degree before they would even look at a resume. It is the same in many other jobs they require some degree or certification before they will even look at an applicant. You may know everything there is to know about a given field but in many ways companies will not even look at you if you do not have a degree.

 

[maat]

Just another unintended consequence of intrusive government attempting to nanny the sheeple.

 

[drex]

What ever happened to "working your way through college?"

Effen ridiculous!

It sickens me to hear the whiners that got their rent, tuition, books and feed bills paid for with borrowed money scream that they can't pay it back.

I had to work a graveyard shift cleaning grease pits and repairing fast food equipment at a McDonald's to pay my way through college, yeah, it was tough, yeah, I fell asleep in my 'required retard' classes on occassion, but I walked out of that college with my certificate and a JOB! No debt, no repaying borrowed dollars.

It's insane, why do we, as a country, believe that to thrive we must be indebted?

Because 12k per year doesnt cover degree +living expenses anymore and you need a degree to get paid better.

I went to an instate school and one semester worked 2 parttime jobs + internship while taking night classes as a full time student. Still needed loans to cover expenses, especially since having such a load makes life even more expensive. Eating so much fastfood took a toll on my earnings and belly so i lightened up after that.

College costs are rising way faster than inflation, and way way faster than ages.

 

[CatBell]

Tuition at my school plus books/fees costs $30,000 per year. What fresh out of High School student can afford that without loans?

 

[tadbitangelny]

In my opinion the Institution of colleges is broke and doesn't properly prepare individuals for the real world anyways. College professors are way over paid as are the people who run the colleges. The curiculums went based on days gone by long ago why does college students have to take history, english, and gym classes. If they would change the way degrees were earned and you only had to take classes pertinent to your degree selection then nobody would have to go in to debt to take BS classes that have nothing to do with your degree program.
Unfortuantely "those" in charge are of the same mindset of those in charge of the banks/big corporations and government, they are not in it for "the people" but only to line their own pockets with hard working people's money.

 

[anne36]

In my opinion the Institution of colleges is broke and doesn't properly prepare individuals for the real world anyways. College professors are way over paid as are the people who run the colleges. The curiculums went based on days gone by long ago why does college students have to take history, english, and gym classes. If they would change the way degrees were earned and you only had to take classes pertinent to your degree selection then nobody would have to go in to debt to take BS classes that have nothing to do with your degree program.Unfortuantely "those" in charge are of the same mindset of those in charge of the banks/big corporations and government, they are not in it for "the people" but only to line their own pockets with hard working people's money.

From what I have seen the colleges are only adding more of these types of classes to get the same degree. I was glad I started my program when I did, 1 more semester behind and I would have had another pre-req added to the list. Why do community college kids need to take Govenment, thats a high school class everyone needs to graduate?

 

[yappat]

My daughter is currently pursuing an accounting degree, with the goal of becoming a CPA. She is taking her first two years at a community college. She gets all the books she can off of Amazon. This semester she spent a total of $30 on books that would have cost her close to $500 at the college bookstore. Because she is maintaining a straight A average, and she is a "non-traditional" student, she has quite a lot of financial aid available to her. At her initial meeting with the financial aid counselor, the first thing she told them was "I do NOT want to take out any loans."

Part of the reason she is able to do this is because she and her kids live with us. Do college students really NEED to have their own apartment? If you can't afford it, don't have it. My daughter would far prefer not to be living with her parents at 27 years old but she is realistic. Apparently the ones graduating 100k in debt are not.

 

[m47dragon]

You can work your way through college: it's called the GI Bill. Personally, I think that most college debt can be avoided if you have the discipline to postpone personal desires and work, save, and pay as you go. Don't party, don't get married, don't buy the toys until you've earned your degree, entered into your chosen profession, and are financially stable. (And, yes, this is advice from someone who learned that lesson a little bit the hard way)

Before anyone goes to college they need to evaluate if they are entering into a field of study that has a real ROI after graduation. Why waste several years of the best part of your life just to remain unemployed and now burdened with immense debt?

 

[duke nukem]

I'll agree with that college is one massive overly expensive joke. I have to take classes like "Computer Fundementals" where we learn how to use a search engine and make a word document. Are you ****ing kidding me? Why should I be required to take this? Plus there's the fitness classes, diversity classes, math (when my SAT already covers their requirement). All one massive waste of my time and money. You quite literally do not gain anything from many of the classes you take anyway. Most are simply regurgitate what the professor's power point said, no critical thinking required, no education gained.

 

[1972mike211]

Get a CDL license. minimum of 35-45k per year and i do mean minimum. great pay. I really like it. Went to college got degree in christian counseling. but drive truck for a living. And counsel for free.

 

[Fight4Freedom]

Why do community college kids need to take Govenment, thats a high school class everyone needs to graduate?

So they can continue to brainwash and Indoctrinate.....
Convince the sheeple how much they NEED bigger gubbment
Doesn't it make sense?

 

[duke nukem]

So they can continue to brainwash and Indoctrinate.....
Convince the sheeple how much they NEED bigger gubbment
Doesn't it make sense?

Honestly, this does have some credit. A lot of these government classes do support current government function. Not always overtly, but you'd be able to tell.

 

[Hick Industries]

I graduated with a mechanical engineering degree 30 yrs ago. At that time it was not all that difficult to work your way through college and graduate with no debt.

Tuition at that same university is now 4x as much.

Jobs in construction and farm labor salary is perhaps 2x as much.

I might be able to work my way through, but it is not easy any more. You are not going to get an engineering degree in four years if you are working part time to pay the bills.

Even if it takes 6 yrs to graduate, working your way through is still the better idea.

 

[sabotage39k]

Just another unintended consequence of intrusive government attempting to nanny the sheeple.

You know normally I would beg to disagree, but in this case I can't. It is out of control and it makes no sense to me why they just don't lend to cover tuition. You can work and go to school.....I did for so many years.