If This Shocking Photo Doesn't Convince You That We Need Student Debt Relief, Nothing Will
An actual student loan statement from one of the organizers of Occupy Graduation
(http://cdn.front.moveon.org/wp-content/uploads/2012/05/OG13.jpg)
Found on the website of Occupy Graduation/MoveOn.org
DUmbass doesn't seem to notice that the loan hasn't been paid at all in 20 years, and even considering that, the total owed in the graphic seems to have been ' enhanced for effect', but whatever works for Occupy, right ?
http://www.democraticunderground.com/1002727978
DUmbass doesn't seem to notice that the loan hasn't been paid at all in 20 years, and even considering that, the total owed in the graphic seems to have been ' enhanced for effect', but whatever works for Occupy, right ?
http://www.democraticunderground.com/1002727978
you can understand no more than a donkey can understand geometric topology.
Well God love 'em minskie, when it comes to all things money or mathematical DUmmies jess ain't that bright. Worse yet they feel compelled to prove it on a regular basis. :hammer:
Ummm . . . I'm not a donkey, but I can't understand geometric topology, either--what is it? :???:
Listen you assholes, my husband went to college for 6 years, I worked while he went to college. We paid the monthly payments, differed twice. Took us 10 years to pay it off. If you losers seriously think you should get your major in some stupid ass non-employable degree, don't expect me to pay for it. We are already paying my kids college and paid my husbands school loans off. Move to the UK if you want "free" university. Which won't be "free" for long.A sociology degree at a fairly good (not top rank) university here will cost them £41,500 (http://www.manchester.ac.uk/undergraduate/courses/search2012/atoz/course/?code=00678) which is about $65,000. Sorry DUmmies.
Another suggestion, don't be a professional student like my ex brother-in-law (still lives off his parents) or get an art degree and never intend to use that degree like my brother. He owes $60k in student loans, is unemployed, 50, lives with my dad, and has thousands of dollars worth of photography equipment he never intends on using.
Cry me a ****ing river you leeches. Get angry at your beloved professors for the outrageous cost of college, not the companies that give you money on the promise YOU made to pay it back. Grow the hell up and act like ****ing adults. You disgust me.
Listen you assholes, my husband went to college for 6 years, I worked while he went to college. We paid the monthly payments, differed twice. Took us 10 years to pay it off. If you losers seriously think you should get your major in some stupid ass non-employable degree, don't expect me to pay for it. We are already paying my kids college and paid my husbands school loans off. Move to the UK if you want "free" university. Which won't be "free" for long.
Another suggestion, don't be a professional student like my ex brother-in-law (still lives off his parents) or get an art degree and never intend to use that degree like my brother. He owes $60k in student loans, is unemployed, 50, lives with my dad, and has thousands of dollars worth of photography equipment he never intends on using.
Cry me a ****ing river you leeches. Get angry at your beloved professors for the outrageous cost of college, not the companies that give you money on the promise YOU made to pay it back. Grow the hell up and act like ****ing adults. You disgust me.
Well - the math doesn't lie.
Here we go -
The loan is in excess of 30 thousand, so the student could have opted for a longer repayment period, of up to 25 years - since we don't know the terms agreed to, I will assume 20 years - approximately the age of the loan today. assuming the loan was paid in full, and on time, the borrower would have given back about $74 thousand dollars, at the 9% interest rate listed.
The penalty for defaulting on a student loan is a 25% premium on top of the original total payback amount - or about another $18,500. That brings the total due to about $92,500 - triple what the original loan was.
Which is why the above graphic is deceitful. But so is nearly everything a liberal does, so it should come as no surprise.
I can fix this shit right now. DUmmies? Suppose you invested $30,000 in 1992 (I know, you don't have two nickels to rub together, but go with it for a second), and when your retirement hits in 2012, your account has exactly $30,000 in it. Would you be satisfied?Einstein called compound interest the 8th wonder of the world.
Let me make it even simpler for a liberal: if someone asked to borrow a joint from you in 1992, promising to pay that one joint back in 2012, would you have lent out that joint?
No.
Here is your problem, in a nutshell: time has no value to you. Money has no value to you. Therefore THE TIME VALUE OF MONEY is a concept that you can understand no more than a donkey can understand geometric topology.
Half the problem is supply & demand.
For whatever reason, everyone has it in their heads they need to attend a four year college (or better) for everything, including things that only require an Associates degree, or a certificate of completion. TO make it worse, prospective students began demanding degrees in the bizarre & the unuseful - just so these kids who would otherwise not need to go to college, now have a reason to.
And all this increased demand does is decrease supply, which in turn increases cost.
So, kids are coming out with degrees in things such as Fashion Design, Horticulture, Theater, Music, Photography, Philosophy, etc. etc. and can't find a job - because somehow, they have gotten it into their tiny heads that they can turn something fun into profit.
They don't stop to think that those who actually get paid for these things are usually extraordinary talents. And most of these talents didn't need four years of bills to become successful.
Yikes, if I as an individual loan someone $30,000 at that rate I would go to jail for loan sharking.
The reason when we buy a new car we wait for the sales with 0% financing charge.
People do do dumb things, a friend refinanced their home adding another 15 years to their loan and borrowed enough to pay off all debts, credit cards and cars. The cars had to be replaced in 5 years and the major purchase on the credit cards had to be replaced in 10 years. So now these friends will be be paying for cars and appliances they no longer have for another 20 years.
Everyone told us to never borrow on our 401K, We did to pay off all debts except the house and repaid it in 5 years, pay roll deductable.
Watching the market very closely this time, if our 401K looses over $10,000 we will borrow half of the money, pay off the house and hunker down. Pay cash for everything, no problem buying a older used car for cash and if major appliances die on us, buy used.
Kids that get these student loans are in a jam, they feel when they graduate they will immediately get a good job and pay off the loan. At no time do they think it will take 25 years to pay it off, what 20 year old student looks ahead to when they are 45 ?
Every few years laws change as do banking practices, interest rates go up and down, jobs come and go, to have a 22 year old kid owe a potential of $90,000 on a $30,000 loan and a education that is no longer in demand best to tell the kid to get educated in the military, if the kid is smart anything they learn will help them when they get out.------Then take the VA benefits and go to college.
That is what my brothers "fint art" degree is in. :rotf:
I know of one new photographer without a degree. He has skill and is developing his own business the old fashioned way. By gaining a following by doing good work for a fair price.
radical idea, eh ?
BTW - a couple of samples from this person..(http://miskie.net/laser.jpg)
(http://miskie.net/flatiron.jpg)
How he can do this without a graduate degree in photography is entirely beyond me. :panic:
My brother would rather offend with coping "Piss Christ" only using Mountain DewOMG JEANYUS :bow2::bow2::p
I know of one new photographer without a degree. He has skill and is developing his own business the old fashioned way. By gaining a following by doing good work for a fair price.(http://i237.photobucket.com/albums/ff68/kayaktn/PICT0127_cropped_bright.jpg)
radical idea, eh ?
How he can do this without a graduate degree in photography is entirely beyond me. :panic:
So, kids are coming out with degrees in things such as Fashion Design, Horticulture, Theater, Music, Photography, Philosophy, etc. etc. and can't find a job - because somehow, they have gotten it into their tiny heads that they can turn something fun into profit.
They don't stop to think that those who actually get paid for these things are usually extraordinary talents. And most of these talents didn't need four years of bills to become successful.
Hey now!! I have a degree in horticulture and another in forestryI'm just curious, how many of your classmates that majored in either of those two have a job in that field?
Should I tell her she can "occupy graduation" and take poops on police cars to get her student debt to disappear?If she's really cute, she might be able to make some money from that. :p
I'm just curious, how many of your classmates that majored in either of those two have a job in that field?
My degree is information technology and I spent more years since then working in a different occupation than what I studied (banking, customer service).
Sadly, our culture has a reverence for education that is bordering on foolish. Put me up against a guy with fifty years in the business and no degree or certifications, and in this day and age I will win that bid a majority of the time based simply on a few pieces of paper. Is it right? No. But that's why I have the degrees. Heck, can't even do some state contracts without them.That happened to my father. He worked for the same company for 27 years (three short of retirement) and they let him go because young guys were cheaper.
If she's really cute, she might be able to make some money from that. :p
I know of one new photographer without a degree. He has skill and is developing his own business the old fashioned way. By gaining a following by doing good work for a fair price.My husband can do that as well. He didn't go to college but he did go to the Navy's biomedical photography school.
radical idea, eh ?
BTW - a couple of samples from this person..(http://miskie.net/laser.jpg)
(http://miskie.net/flatiron.jpg)
How he can do this without a graduate degree in photography is entirely beyond me. :panic:
You read my mind. :o :tongue:
She's married you guys. I was a bridesmaid. Step off. :) lol