Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Should we allow people over a certain age to take a student loan(s)? I know a person that is still that’s in there 40’s that is still aimlessly wandering around a private university with the assistance of student loans. They’ve been doing this on and off for the last few years.
The scary part is there’s a strong possibility they’ll end up taking these loans to their grave with no ROI. They told me what the balance was a few years ago and I all I could do was face palm.
Should we allow people over a certain age to take a student loan(s)? I know a person that is still that’s in there 40’s that is still aimlessly wandering around a private university with the assistance of student loans. They’ve been doing this on and off for the last few years.
The scary part is there’s a strong possibility they’ll end up taking these loans to their grave with no ROI. They told me what the balance was a few years ago and I all I could do was face palm.
If it's a private university, aren't there more stringent requirements for entrance? I would assume, other than the individual's age, they earned their right to be there.
If it's a private university, aren't there more stringent requirements for entrance? I would assume, other than the individual's age, they earned their right to be there.
Many private universities and colleges are less competitive than their public counterparts. If you can afford to pay, you're in. An example would be Santa Clara University, vs. any school in the UC system. In fact, many private schools target older "non traditional" students with night and weekend programs, or programs specifically for retired seniors.
Not EVERYONE needs or is suitable for a college/univeristy education. Many folks will do very well by learning a trade...I always need folks to help me do something or another...things I don't know how to do on my own! We need folks who can lay bricks, or fix cars, or wire your home, fix your yard,.... How about industry...making steel, or cars or many of the things we are currently paying China for.
There are State and Community colleges...where you can get he bulk of your education without the high price tag. And, if you are in school more than 4 years for a Bachelors...then something is wrong. Finish early...get out and start earning money! Pay back your debts!
I never said that someone in there 40’s was a senior citizen, but since we’re going that route I got a few things to add. If you’re over the age of 35 and attending a four-year college fulltime you’re a senior citizen, no lets make that a dinosaur.
There’s not going to be much if any return on that investment, but so few in academia want to admit that. I guess we can talk about personal growth, but that won’t pay anyone’s bills but the university’s.
I just can’t see any reason why we the taxpayers are underwriting thousands of dollars in loans for people that are half spent. I could see taking a class for CEU to keep a professional license or brushing up on some sort of skill, but to tackle a degree program?
It’s going to be fun watching these boomers reap the fruits from the seeds they’re sowing. That person I know in there 40’s a Gen X-er, well they’ll hoe the road right behind them, but hey that four-year degree sure looks pretty in the frame
I'm paying what I owe out of my own pocket, every month. I have paid my loan's on time and never missed a payment, nor seek to try to worm my way out of what I owe.
I value my education and it has proven its worth to me, despite it not being a STEM degree.
Thank you.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Make sure your mattress protector is plastic!
