The Conservative Cave
Current Events => The DUmpster => Topic started by: BannedFromDU on May 15, 2012, 11:12:19 AM
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LynneSin
I can't imagine graduating college owing $900 a month
I can't imagine even owing $900 a month on anything other than rent/mortgage.
Or Ding Dongs.
I'm reading this article from the NYTimes and I'm just stunned but this is the reality of a college education - unless you are a trust fund baby or have the grades for a massive scholarship your life is going to suck. What's worse is that the job market absolutely sucks and it's almost impossible to find a decent job that will include healthcare. Take way the healthcare plan recently passed and now college graduates are saddled with the full cost of healthcare if they can't be on their parents plans anymore.
How can anyone sit there and say this is ok - to start our young adults out in the world massively in debt. Mitt Romney's plan - just borrow from your parents.
At this point my advice to any non-trust fund/little scholarship graduate - do your first 2 years of college at a community college. All colleges are going to make you take core classes like English or Math or a Language - classes that are needed for you to graduate but not a part of your degree. Take them somewhere cheap where you might be able to still live at home and maybe work parttime. $50k a year for college is just not worth it - not for those non-degree classes.
Read the article, you *******ed moron. It makes clear that the student and her parents were sucked in by (probably liberal) professors. Professors couldn't give a shit how much you borrow - as long as you go there and they get to slurp coffee all day instead of being productive.
Oh here is the article:
http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html?_r=1
A Generation Hobbled by the Soaring Cost of College
DA, Ohio — Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.
Multimedia
Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price.
“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,†said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.â€
I also see alot of private colleges going belly up. I mean they are going to start losing students if they can't afford the tuition.
What is SO HARD about not borrowing money you probably can't pay back? (http://www.democraticunderground.com/1002688132)
The school probably had an 0bama lookalike who winked at her and promised lots of weed and cock if she attended.
TRADE SCHOOL, DU. LOOK INTO IT.
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Colleges should start advertising free contraception. According to Sandra Fluke that would be a windfall for the college crowd.
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I just don't get it. I made sure I paid for my school before the school year each and every time. I try to do that in life instead of having credit. A little Dave Ramsey class for $99 bucks would be a great graduation gift for some of our youth.
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Well, you could work first, then go to college...in fact if your work was enlisting in a uniformed service, you could kill two birds with one stone...
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Well, you could work first, then go to college...in fact if your work was enlisting in a uniformed service, you could kill two birds with one stone...
EXACTLY.
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Ain't no way I'm co-signing a student loan for the kids. No way, no how.
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As an 18-year-old, it sounded like a good fit to me, and the school really sold it,†said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.â€
No one told you that? You did not ask? Your parents did not tell you? You yourself could not figure it out? WTF are you doing in college then?
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Ain't no way I'm co-signing a student loan for the kids. No way, no how.
Wouldn't be prudent. Not at this time. Not at this juncture. (Say it like Dana Carvey).
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Well, you could work first, then go to college...in fact if your work was enlisting in a uniformed service, you could kill two birds with one stone...
It might even make them grow up a little, instead of being whining little b***hes.
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She has an undergraduate degree in overly educated stoopidity.
I bet this is one lesson she learns and not soon forget.......I could be wrong, we are talking about DUmmie offspring here.
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Professors couldn't give a shit how much you borrow - as long as you go there and they get to slurp coffee all day instead of being productive.
It really is a scam, isn't it.
I’m going to owe like $900 a month. No one told me that.â€
That floored me, too. Nobody? Not her parents, not herself? What are they doing in math class these days? Coloring? Why are these kids so damned stupid? And look at the overtones of victimhood in her statement. It's somebody else's fault! They didn't tell me! So I shouldn't have to pay this back!
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It really is a scam, isn't it.
That floored me, too. Nobody? Not her parents, not herself? What are they doing in math class these days? Coloring? Why are these kids so damned stupid? And look at the overtones of victimhood in her statement. It's somebody else's fault! They didn't tell me! So I shouldn't have to pay this back!
After reading the article again to find out what the degree was in, I do have to say at least she has a chance of finding work in her field.
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I have no clue where this generation gets their mentality from...
Case in point:My eldest niece is a stay at home mom...takes care of two other children besides her own and is a deulah(asst to a midwife)....ok fine whatevs....
My sister's other daughter is at UNH of which my sister is CIO/CFO of the UNH system, so somewhat of a discount. My sister wants her(my niece) to work during her summer vacation(quite rightly so). My niece is balking, saying she only wants to work a few hours a week for three days, so she can hang out with her friends...(who also will be working)
My mother, sister and I have always worked. I had chores,homework, girlscouts, field hockey and a job when i was in hs. I am sure many of you had that much and more....
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I have no clue where this generation gets their mentality from...
Case in point:My eldest niece is a stay at home mom...takes care of two other children besides her own and is a deulah(asst to a midwife)....ok fine whatevs....
My sister's other daughter is at UNH of which my sister is CIO/CFO of the UNH system, so somewhat of a discount. My sister wants her(my niece) to work during her summer vacation(quite rightly so). My niece is balking, saying she only wants to work a few hours a week for three days, so she can hang out with her friends...(who also will be working)
My mother, sister and I have always worked. I had chores,homework, girlscouts, field hockey and a job when i was in hs. I am sure many of you had that much and more....
I ask my son to take out the garbage and he acts like I have asked him for a kidney. I am going to bust some sheetrock one day with his head :-)
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DUmbass should have gone to a state school. I graduated with my Bachelors this past weekend and have about $15,000 in loans over 4 years. That's what I get for enlisting and using my GI Bill and Hazlewood benefits for most of it.
Hint, hint, DUmbass.
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I ask my son to take out the garbage and he acts like I have asked him for a kidney. I am going to bust some sheetrock one day with his head :-)
Ohh god do I know what you mean. I don't know if my 14 yr old will make it to 15. :banghead:
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Ohh god do I know what you mean. I don't know if my 14 yr old will make it to 15. :banghead:
Is that you in your avatar? if so....let me introduce myself :naughty:
:lmao:
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Is that you in your avatar? if so....let me introduce myself :naughty:
:lmao:
Holy max!! look at the muskles on that guy...woohoo!! :naughty: :naughty:
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Holy max!! look at the muskles on that guy...woohoo!! :naughty: :naughty:
I laid claim to him first bitch :catfight:
:lmao:
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I laid claim to him first bitch :catfight:
Well, mebbe he has a twin, or another brother, we can double date!!! :lmao: :p
:lmao:
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twins :drool:
gosh......here we are treating him like a piece of meat...... :popcorn:
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twins :drool:
gosh......here we are treating him like a piece of meat...... :popcorn:
Well I am sure he is very flattered, however......his wife or significant other might not be impressed!!
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Well I am sure he is very flattered, however......his wife or significant other might not be impressed!!
:ohmy:
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Well I am sure he is very flattered, however......his wife or significant other might not be impressed!!
The way I look at it is maybe the wife is into that sort of thing. :cheersmate:
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Well, you could work first, then go to college...in fact if your work was enlisting in a uniformed service, you could kill two birds with one stone...
I agree, however DUmmies would never make it.
Not sure I would wish a DUmmie on any basic training instructor.
Then again the DUmmie could always serve as an example to the rest of the noobs as what not to do.
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True, but I don't think the young lady in the story had any connection to DU...though she doesn't seem to be big on thinking ahead, either, so you never know...
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True, but I don't think the young lady in the story had any connection to DU...though she doesn't seem to be big on thinking ahead, either, so you never know...
She just doesn't know DU exists yet. With her forward thinking skills, or lack there of, she would fit right in!
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Why is it primitives are all for state schools until they attend college themselves? then its private & Ivy League all the way...
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I don't buy her story. Or, rather, I don't buy the story the way it is reported.
When you get a student loan, you are supposed to attend a loan counseling session. The lender needs the borrower(s) signature(s) on file that they have attended such a session. Even if no one speaks to the borrowers, the paper they sign has the costs of the loan on it.
There is also a law regarding truth in lending, or some such. That document, too, has all the costs associated with the money being borrowed on it. Including total payoff if paid at the agreed rate.
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My son went to a state school as well and graduated three years ago. It ended up being about $6,000.00 per year and he actually got an education in a field where he could actually get a job. He lived at home as well.
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I'll brag a little- two generations of college education here, with zero debt.
Me: Montgomery GI Bill and tuition assistance from the Army National Guard.
My son, who graduates at the end of the summer term: Part paid for by my ex-wife's transferred Post-9/11 GI Bill, and the rest paid by me. He plans to join the Army after he graduates.
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DUmbass should have gone to a state school. I graduated with my Bachelors this past weekend and have about $15,000 in loans over 4 years. That's what I get for enlisting and using my GI Bill and Hazlewood benefits for most of it.
Hint, hint, DUmbass.
Congratulations. :cheersmate:
I went the military, GI Bill route. Small school as well. I just wish that the SOB's insisted on making me a better typist. :lmao: (probably help if I take the damn thing off of my thigh.)
I was married and had a child so a little extra $$$ there. (The woman trapped me and I did the honorable thing and married her. O-) )
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Why is it primitives are all for state schools until they attend college themselves? then its private & Ivy League all the way...
Cause they are oh soo enlightened and oh soo smart and oh soo better than to go to some college where the riffraff attend.
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I don't buy her story. Or, rather, I don't buy the story the way it is reported.
When you get a student loan, you are supposed to attend a loan counseling session. The lender needs the borrower(s) signature(s) on file that they have attended such a session. Even if no one speaks to the borrowers, the paper they sign has the costs of the loan on it.
There is also a law regarding truth in lending, or some such. That document, too, has all the costs associated with the money being borrowed on it. Including total payoff if paid at the agreed rate.
I agree, but for a different reason.
I've done mortgage loans for over 20 years and have never seen a Sallie Mae (or other student loan) payment at $900 month, even years after the person had graduated and definately not in the few years after graduation. Something in that story isn't right.
.
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Currently attending school with post 9/11 GI bill and Pell grant. BAH covers the expenses and the money from the Pell takes care of any extras. My school is yellow ribbon so the Pell gets sent back to me. Will be a debt free grad next year.
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And there's a DUmmie on their thread lamenting about her daughter. Daughter takes classes, blows them off, doesn't take them seriously, and flunks them. There's money down the toilet. Now she has to re-take them. What on earth would you guys do if your kid pulled that? This DUmmie daughter must be used to everything free, and so doesn't have the mindset that she has paid good money for something of value, and should therefore maximize it.
I knew a guy, a big liberal democrat, his son had a GPA in college of 1.5. I asked the guy, "why aren't you kicking him in the ass??!" He said, "oh, i guess i should........" Expensive ****ing Cornell education, and the guy partied through all of it.
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And there's a DUmmie on their thread lamenting about her daughter. Daughter takes classes, blows them off, doesn't take them seriously, and flunks them. There's money down the toilet. Now she has to re-take them. What on earth would you guys do if your kid pulled that? This DUmmie daughter must be used to everything free, and so doesn't have the mindset that she has paid good money for something of value, and should therefore maximize it.
I knew a guy, a big liberal democrat, his son had a GPA in college of 1.5. I asked the guy, "why aren't you kicking him in the ass??!" He said, "oh, i guess i should........" Expensive ****ing Cornell education, and the guy partied through all of it.
My kids get one shot at something if I pay for it. They don't find it important enough the first time and blow it off then they are screwed. That woman's daughter is just a user and lazy.
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Failure can be a learning experience too, the big watershed is whether the student learns from it, regroups, and moves on, or decides that he or she likes failing. In the latter case, they probably have a future in fast food or a union job.
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And there's a DUmmie on their thread lamenting about her daughter. Daughter takes classes, blows them off, doesn't take them seriously, and flunks them. There's money down the toilet. Now she has to re-take them. What on earth would you guys do if your kid pulled that? This DUmmie daughter must be used to everything free, and so doesn't have the mindset that she has paid good money for something of value, and should therefore maximize it.
I knew a guy, a big liberal democrat, his son had a GPA in college of 1.5. I asked the guy, "why aren't you kicking him in the ass??!" He said, "oh, i guess i should........" Expensive ****ing Cornell education, and the guy partied through all of it.
I know that for me, it took me paying for all of it to be the kick in the ass I needed.
College was one big party. I failed classes, had to take summer classes to graduate in 4 years. My parents were pissed! However, when I went back to grad school, the loans were all in my name and I was sure as hell going to get my money's worth! It took me awhile to realize the value of education, and how lucky I was my parents paid for my schooling-elementary through college.
I'm hoping my kids don't need to learn that lesson, but since Vivi is just like her momma...yeah. Not looking good.
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My kids get one shot at something if I pay for it. They don't find it important enough the first time and blow it off then they are screwed. That woman's daughter is just a user and lazy.
But, the woman is worse for allowing the behavior.
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And there's a DUmmie on their thread lamenting about her daughter. Daughter takes classes, blows them off, doesn't take them seriously, and flunks them. There's money down the toilet. Now she has to re-take them. What on earth would you guys do if your kid pulled that? This DUmmie daughter must be used to everything free, and so doesn't have the mindset that she has paid good money for something of value, and should therefore maximize it.
I knew a guy, a big liberal democrat, his son had a GPA in college of 1.5. I asked the guy, "why aren't you kicking him in the ass??!" He said, "oh, i guess i should........" Expensive ****ing Cornell education, and the guy partied through all of it.
Does the school even allow you to continue with a 1.5GPA? At Northeastern you would be on probation and if you did not pick up the GPA they kicked you out.
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The more I read from DUmmies, the more I realize how hard I've worked. Wow, I thought I was just plain normal.
I have a PhD. I went to state schools with no scholarships or grants. I borrowed a total of $44,000 over 10 years, most of which I didn't even need, but merely wanted. I worked my ass off in undergrad and got a teaching assistantship in grad school, and supplemented that income with loans. And lurking DUmbasses, not only did I not have any help from my poor parents, but I SENT THEM MONEY FROM MY LOANS TO HELP THEM OUT. I had no military background or anything else to help defray the costs.
Around 7 years ago or so I cut one check and paid them all off at once. Plus the $15K my wife owed from HER education. I earned that money applying the skills I developed over 10 years of hard work in school in a marketable degree program.
So I have zero sympathy for people who treat college as a consumption good, and borrow to consume it. Go to a trade school or get a job to pay your tuition.
Assholes.
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The more I read from DUmmies, the more I realize how hard I've worked. Wow, I thought I was just plain normal.
I have a PhD. I went to state schools with no scholarships or grants. I borrowed a total of $44,000 over 10 years, most of which I didn't even need, but merely wanted. I worked my ass off in undergrad and got a teaching assistantship in grad school, and supplemented that income with loans. And lurking DUmbasses, not only did I not have any help from my poor parents, but I SENT THEM MONEY FROM MY LOANS TO HELP THEM OUT. I had no military background or anything else to help defray the costs.
Around 7 years ago or so I cut one check and paid them all off at once. Plus the $15K my wife owed from HER education. I earned that money applying the skills I developed over 10 years of hard work in school in a marketable degree program.
So I have zero sympathy for people who treat college as a consumption good, and borrow to consume it. Go to a trade school or get a job to pay your tuition.
Assholes.
:clap: :clap: :clap:
And the H5. Damned good job, BFDU.
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I agree, but for a different reason.
I've done mortgage loans for over 20 years and have never seen a Sallie Mae (or other student loan) payment at $900 month, even years after the person had graduated and definately not in the few years after graduation. Something in that story isn't right.
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I crunched some numbers. $100K for 12 years at 3.9 percent interest comes out to $870/month.
I'm still trying to figure out how someone got that much in loans for a four-year degree.
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The more I read from DUmmies, the more I realize how hard I've worked. Wow, I thought I was just plain normal.
I have a PhD. I went to state schools with no scholarships or grants. I borrowed a total of $44,000 over 10 years, most of which I didn't even need, but merely wanted. I worked my ass off in undergrad and got a teaching assistantship in grad school, and supplemented that income with loans. And lurking DUmbasses, not only did I not have any help from my poor parents, but I SENT THEM MONEY FROM MY LOANS TO HELP THEM OUT. I had no military background or anything else to help defray the costs.
Around 7 years ago or so I cut one check and paid them all off at once. Plus the $15K my wife owed from HER education. I earned that money applying the skills I developed over 10 years of hard work in school in a marketable degree program.
So I have zero sympathy for people who treat college as a consumption good, and borrow to consume it. Go to a trade school or get a job to pay your tuition.
Assholes.
a smart and frugal man is very sexy :naughty: Congratulations on being a MAN! Thank you for your contribution to society and not like those willful deadbeats.
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I'm hoping my kids don't need to learn that lesson, but since Vivi is just like her momma...yeah. Not looking good.
does your tongue hang out too? :lmao:
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a smart and frugal man is very sexy :naughty: Congratulations on being a MAN! Thank you for your contribution to society and not like those willful deadbeats.
Those are kind words, but I am not exactly frugal. I have a watch collection that borders on the completely gay.
But yes, I am a man. I will cop that that. :-)
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Same story...somewhat ;) I graduated wiith a degree in Forensic Chemistry but now work as an IT technician. I will have paid off almost 70,000 of student loans in 5 years ( I will be finished November/December of this year). I've had to live with my parents and sacrifice on many things I've wanted, but I knew I needed to get out from under the debt. Private schools are expensive, but I don't regret the investment.
The more I read from DUmmies, the more I realize how hard I've worked. Wow, I thought I was just plain normal.
I have a PhD. I went to state schools with no scholarships or grants. I borrowed a total of $44,000 over 10 years, most of which I didn't even need, but merely wanted. I worked my ass off in undergrad and got a teaching assistantship in grad school, and supplemented that income with loans. And lurking DUmbasses, not only did I not have any help from my poor parents, but I SENT THEM MONEY FROM MY LOANS TO HELP THEM OUT. I had no military background or anything else to help defray the costs.
Around 7 years ago or so I cut one check and paid them all off at once. Plus the $15K my wife owed from HER education. I earned that money applying the skills I developed over 10 years of hard work in school in a marketable degree program.
So I have zero sympathy for people who treat college as a consumption good, and borrow to consume it. Go to a trade school or get a job to pay your tuition.
Assholes.
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Can I just say it's nice to know yall belong here? I don't have to listen to people whine about their debt like they do at the DUmp?
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Can I just say it's nice to know yall belong here? I don't have to listen to people whine about their debt like they do at the DUmp?
As you know, Dave Ramsey doesn't approve of debt. The borrower is slave to the lender. I have no consumer debt in my family. Once the house is paid of in the next 2 to 3 years, I will be entirely debt free. Not to mention having all the baby steps checked off. that's how Ramsey likes it.
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10 yrs nights and weekends, I worked at Northrop corporation before merging with Grumman and they were nice enough to pay 100% of tuition, books, parking and registration fees.
This was in the mid to late 80's so I am not sure if they are still as generous.
My backup plan was to work in a trade such as Plumbing if I were not able to pay for tuition without assistance.
My parents were very grateful that I did not cause them any financial distress with MY schooling in their later years and they were able to enjoy their retirement. I hated every minute of the time I had to spend in Boston and I do everything I can to avoid that city even today.
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As you know, Dave Ramsey doesn't approve of debt. The borrower is slave to the lender. I have no consumer debt in my family. Once the house is paid of in the next 2 to 3 years, I will be entirely debt free. Not to mention having all the baby steps checked off. that's how Ramsey likes it.
That's what I am going for......
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Can I just say it's nice to know yall belong here? I don't have to listen to people whine about their debt like they do at the DUmp?
Likewise. Real, responsible people rule.
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does your tongue hang out too? :lmao:
:p
That's Trixie. She takes after her father that way. ;)
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:p
That's Trixie. She takes after her father that way. ;)
:lmao: :lmao: :lmao: :lmao: :cheersmate: