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an
Participant[quote=bearishgurl]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).[/quote]
What does this prove? That some people career didn’t turn out to be as rosy as they hoped? Would 2 years in JC would have changed anything? What about all the other people who got student loans to pay for everything and got a kick ass career and was able to pay for all the student loans w/ ease?[quote=bearishgurl][quote=AN] Most good schools are in expensive areas.[/quote]
I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.[/quote]
UCD is one example. For everyone UCD, there’s UCSD, UCSB, UCSF, UCLA, UCB, UCI.[quote=bearishgurl]I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary![/quote]
Where did I say blue collar workers are inferior or have a worse life? But they do on average make less than white collar: http://en.wikipedia.org/wiki/Household_income_in_the_United_StatesBlue collar does have higher unemployment: http://useconomy.about.com/b/2009/04/14/unemployment-worse-for-blue-collar-industries.htm, http://www.reuters.com/article/2009/05/18/usa-unemployment-men-idUSN1450507420090518, http://www.ideastream.org/news/feature/29881, I can go on but you get the hint.
Participant[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.
But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.
Why are you encouraging students get higher rates loans than student loans?
We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.
Participant[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.
But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.
Why are you encouraging students get higher rates loans than student loans?
We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.
Participant[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.
But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.
Why are you encouraging students get higher rates loans than student loans?
We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.
Participant[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.
But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.
Why are you encouraging students get higher rates loans than student loans?
We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.
Participant[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.
But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.
Why are you encouraging students get higher rates loans than student loans?
We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.
Participant[quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.Participant[quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.Participant[quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.Participant[quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.Participant[quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.Participant[quote=Scarlett] And those people upon graduation will default on the loans because they won’t have high enough paid jobs. Or they keep piling on more debt, making that much harder to marry and have kids and nearly impossbile to buy a house…. Hmmm. maybe that will push the house prices down….[/quote]
AFAIK, you can’t default on a student loan. That’s why they can give student loans at such a low rate, because they know you have to pay it back.http://en.wikipedia.org/wiki/Student_loan_default_in_the_United_States
Participant[quote=Scarlett] And those people upon graduation will default on the loans because they won’t have high enough paid jobs. Or they keep piling on more debt, making that much harder to marry and have kids and nearly impossbile to buy a house…. Hmmm. maybe that will push the house prices down….[/quote]
AFAIK, you can’t default on a student loan. That’s why they can give student loans at such a low rate, because they know you have to pay it back.http://en.wikipedia.org/wiki/Student_loan_default_in_the_United_States
Participant[quote=Scarlett] And those people upon graduation will default on the loans because they won’t have high enough paid jobs. Or they keep piling on more debt, making that much harder to marry and have kids and nearly impossbile to buy a house…. Hmmm. maybe that will push the house prices down….[/quote]
AFAIK, you can’t default on a student loan. That’s why they can give student loans at such a low rate, because they know you have to pay it back.http://en.wikipedia.org/wiki/Student_loan_default_in_the_United_States
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