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Where did the $100,000 come from? Ive never known anyone who borrowed that much money or was in that much debt from school. Usually the amount that can be loaned out is capped.
Based on your description, you attended classes and did homework and projects for those classes. If that's all you did, then you got just the underlying foundation to support the college education. But you missed out on the college education itself. Don't be misguided into thinking that the education is in the classroom and coursework.
I have taught at Stanford (and will be again in the Fall). To audit a class there you need to be fully registered and pay tuition. Then you need to fill out a form at the registrar to indicate that you are electing to audit the class. It is not free. Under no circumstances are you allowed to attend a class without registering for it.
Taking extra classes are fun. But it's hard to justify the time to audit classes unless you want to learn a specific skill. Most students can better spend the time learning from academic research, getting published, attending academic debates, and working with professors and PhD students on their research... the real learning at an institute of higher education.
Once again, for the umpteenth time, the vast majority of students do not spend their time chewing the fat with professors, doing research , getting published, attending debates, etc. Most students do not pursue a career in academia. Most students are busy with classwork, and quite often working at part-time ( or even full-time jobs) to make their way through school.
Enough of this "living in an academic bubble" nonsense.
There are LOTS of people like you who got sold a bill of goods and were told to go ahead and sign those enormous student loans because "everybody who gets a college degree will land a cushy high-paying job".
It's the biggest fraud ever perpetuated in U.S. history.
Uh, no.
When you take out educational loans, the terms are spelled out. There is no bill of goods being sold. Take some personal responsibility instead of making it everyone else's fault that you did your time in school and nobody handed you a high paying job on a silver platter for your troubles. If you truly believe that "everybody who gets a college degree will land a cushy high-paying job," you're sheltered, naive, or stupid, and the problem is with you.
Congress needs to pass a law that grants student aid in proportion to what degree you will obtain at university. A student who will major in golf course management should NOT be allowed to borrow $150,000 in loans to attend an expensive university and then force taxpayers to pay off all that debt when he/she defaults on the loan because golf mgmt. jobs don't pay that well.
Creative, but kind of stifling. Wouldn't it have the effect of forcing some would-be-great writers or would-be-great statesmen or would-be-great museum curators to choose majors other than English, political science, and art history?
Once again, for the umpteenth time, the vast majority of students do not spend their time chewing the fat with professors, doing research , getting published, attending debates, etc. Most students do not pursue a career in academia. Most students are busy with classwork, and quite often working at part-time ( or even full-time jobs) to make their way through school.
Enough of this "living in an academic bubble" nonsense.
I agree. NJBest, you are VERY out of touch as to why people go to college and how most college students actually live.
investing is stocks has a better ROI. 10 grand in apple 15 years ago = bank. Yea some risk but there is risk with college. A loan that you cannot file bankruptcy on
...and some of the most lenient repayment terms available on any loans, anywhere, with income contingent repayment plans and economic hardship deferments and the like.
investing is stocks has a better ROI. 10 grand in apple 15 years ago = bank. Yea some risk but there is risk with college. A loan that you cannot file bankruptcy on
You nailed it on the head --- take a kid fresh out of high school in 2003 and tell him to invest 100,000 in Google stock instead of going to college and see how much he has in the bank today in 2014 --- versus a useless 4-yr. degree that will take him 25+ years to pay off.
I realize a modern college education is a huge scam, but at least those people who go on to become brain surgeons and CEO's will have a decent chance of paying off their student loan debt in a reasonable amt. of time.
However, there has to be a bunch of people graduating from expensive private colleges every year with really fluffy liberal arts degrees like psychology and sociology and art history? How do these idiots hope to pay off $100,000+ student debt plus interest with jobs that barely start at $25,000/year?
Congress needs to pass a law that grants student aid in proportion to what degree you will obtain at university. A student who will major in golf course management should NOT be allowed to borrow $150,000 in loans to attend an expensive university and then force taxpayers to pay off all that debt when he/she defaults on the loan because golf mgmt. jobs don't pay that well.
You sound like a big government liberal.
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