OT — Article: “10 Reasons to Skip Expensive Colleges”

[bearishgurl]

In my household, the remaining resident “Muffy” has three choices in which to set their sights on:

CA CC
UC
CSU

They already know this and have a few in these categories picked out to apply for. If they don’t get accepted, it will be CC for the first two years :=]

[CardiffBaseball]

Tuition in most of the Florida publics about 5k/year. Kid will get some bright futures money knocking that down some more. Then I will recommend he go for JUCO baseball (more than double the number scholarships than NCAA) to pay roughly nothing for two years. I am dead broke and this is about all I can swing, and there is no sense my kid having the noose I have.

[CardiffBaseball]

Tuition in most of the Florida publics about 5k/year. Kid will get some bright futures money knocking that down some more. Then I will recommend he go for JUCO baseball (more than double the number scholarships than NCAA) to pay roughly nothing for two years. I am dead broke and this is about all I can swing, and there is no sense my kid having the noose I have.

[CardiffBaseball]

Tuition in most of the Florida publics about 5k/year. Kid will get some bright futures money knocking that down some more. Then I will recommend he go for JUCO baseball (more than double the number scholarships than NCAA) to pay roughly nothing for two years. I am dead broke and this is about all I can swing, and there is no sense my kid having the noose I have.

[CardiffBaseball]

Tuition in most of the Florida publics about 5k/year. Kid will get some bright futures money knocking that down some more. Then I will recommend he go for JUCO baseball (more than double the number scholarships than NCAA) to pay roughly nothing for two years. I am dead broke and this is about all I can swing, and there is no sense my kid having the noose I have.

[CardiffBaseball]

Tuition in most of the Florida publics about 5k/year. Kid will get some bright futures money knocking that down some more. Then I will recommend he go for JUCO baseball (more than double the number scholarships than NCAA) to pay roughly nothing for two years. I am dead broke and this is about all I can swing, and there is no sense my kid having the noose I have.

[bearishgurl]

1. Beginning adulthood without debt is worth far more than a designer diploma.

The authors’ No. 1 rule for parents: Don’t let your child go into debt for college. In 2010, almost two thirds of undergraduates borrowed money, and student-loan debt outpaced credit card debt for the first time. The College Board likes to say that a typical senior graduates with “only” $24,000 in debt, but with interest, collection charges, and penalties for postponed payments, the amounts owed can exceed $100,000. If you ever default on a federal student loan (and the rate of defaults is rising), you’ll be hounded for life. Lenders can garnish your wages, intercept your tax refunds, and have your professional license revoked. You can’t work for the government or collect your social security. “People have been sold this propaganda: ‘The rates are so low; just get a loan,’ ” Dreifus says. “The long-term effect is to cripple your children.”

Well said. I’m glad this author finally acknowledged this “fresh-out-of-the-gate-deep-in-debt” phenomenon publicly. I’ve been saying this for years and have been looked on like I’m some kind of a “substandard” parent :=(

[bearishgurl]

1. Beginning adulthood without debt is worth far more than a designer diploma.

The authors’ No. 1 rule for parents: Don’t let your child go into debt for college. In 2010, almost two thirds of undergraduates borrowed money, and student-loan debt outpaced credit card debt for the first time. The College Board likes to say that a typical senior graduates with “only” $24,000 in debt, but with interest, collection charges, and penalties for postponed payments, the amounts owed can exceed $100,000. If you ever default on a federal student loan (and the rate of defaults is rising), you’ll be hounded for life. Lenders can garnish your wages, intercept your tax refunds, and have your professional license revoked. You can’t work for the government or collect your social security. “People have been sold this propaganda: ‘The rates are so low; just get a loan,’ ” Dreifus says. “The long-term effect is to cripple your children.”

Well said. I’m glad this author finally acknowledged this “fresh-out-of-the-gate-deep-in-debt” phenomenon publicly. I’ve been saying this for years and have been looked on like I’m some kind of a “substandard” parent :=(

[bearishgurl]

1. Beginning adulthood without debt is worth far more than a designer diploma.

The authors’ No. 1 rule for parents: Don’t let your child go into debt for college. In 2010, almost two thirds of undergraduates borrowed money, and student-loan debt outpaced credit card debt for the first time. The College Board likes to say that a typical senior graduates with “only” $24,000 in debt, but with interest, collection charges, and penalties for postponed payments, the amounts owed can exceed $100,000. If you ever default on a federal student loan (and the rate of defaults is rising), you’ll be hounded for life. Lenders can garnish your wages, intercept your tax refunds, and have your professional license revoked. You can’t work for the government or collect your social security. “People have been sold this propaganda: ‘The rates are so low; just get a loan,’ ” Dreifus says. “The long-term effect is to cripple your children.”

Well said. I’m glad this author finally acknowledged this “fresh-out-of-the-gate-deep-in-debt” phenomenon publicly. I’ve been saying this for years and have been looked on like I’m some kind of a “substandard” parent :=(

[bearishgurl]

1. Beginning adulthood without debt is worth far more than a designer diploma.

The authors’ No. 1 rule for parents: Don’t let your child go into debt for college. In 2010, almost two thirds of undergraduates borrowed money, and student-loan debt outpaced credit card debt for the first time. The College Board likes to say that a typical senior graduates with “only” $24,000 in debt, but with interest, collection charges, and penalties for postponed payments, the amounts owed can exceed $100,000. If you ever default on a federal student loan (and the rate of defaults is rising), you’ll be hounded for life. Lenders can garnish your wages, intercept your tax refunds, and have your professional license revoked. You can’t work for the government or collect your social security. “People have been sold this propaganda: ‘The rates are so low; just get a loan,’ ” Dreifus says. “The long-term effect is to cripple your children.”

Well said. I’m glad this author finally acknowledged this “fresh-out-of-the-gate-deep-in-debt” phenomenon publicly. I’ve been saying this for years and have been looked on like I’m some kind of a “substandard” parent :=(

[bearishgurl]

1. Beginning adulthood without debt is worth far more than a designer diploma.

The authors’ No. 1 rule for parents: Don’t let your child go into debt for college. In 2010, almost two thirds of undergraduates borrowed money, and student-loan debt outpaced credit card debt for the first time. The College Board likes to say that a typical senior graduates with “only” $24,000 in debt, but with interest, collection charges, and penalties for postponed payments, the amounts owed can exceed $100,000. If you ever default on a federal student loan (and the rate of defaults is rising), you’ll be hounded for life. Lenders can garnish your wages, intercept your tax refunds, and have your professional license revoked. You can’t work for the government or collect your social security. “People have been sold this propaganda: ‘The rates are so low; just get a loan,’ ” Dreifus says. “The long-term effect is to cripple your children.”

Well said. I’m glad this author finally acknowledged this “fresh-out-of-the-gate-deep-in-debt” phenomenon publicly. I’ve been saying this for years and have been looked on like I’m some kind of a “substandard” parent :=(

[joec]

Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.

Like the 0% money down 100% financed loans, this will blow up similar to the housing market.

Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.

[joec]

Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.

Like the 0% money down 100% financed loans, this will blow up similar to the housing market.

Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.

[joec]

Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.

Like the 0% money down 100% financed loans, this will blow up similar to the housing market.

Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.

[joec]

Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.

Like the 0% money down 100% financed loans, this will blow up similar to the housing market.

Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.

[Author]

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