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Sanders is not the end. Just the beginning, my friend.
Just 15 years ago - the 2000 election - could you imagine Sanders getting ANYwhere? LOL, no. I expect that someone like Sanders will actually win the Democratic nomination in another 15 years or less.
LOL. Such a man/woman would get trounced by the GOP. This is not a Socialist nation. (I could not care less what they tell posters-we consistently reject Socialism. Hillary is owned by Goldman Sachs. She crushed the Socialist, even in the more Socialist party)
Plan on paying your own bills. teach the kids to do just that, too. (The plan for the kids should start well before the 1st loan, with 529 plans, kids working during later high school years, and p/t through college, kids being told precisely what student loan payments will be, plus what median starting income for their field is, with parents working on their kids budgets post college..at age 18)
If the governmental installation is out of the picture now, the word-G might disappear. This world would become a jungle. And I doubt anybody(including the loan hawks) would last more than 7 minutes in the heat of an attack.
LOL. Such a man/woman would get trounced by the GOP. This is not a Socialist nation. (I could not care less what they tell posters-we consistently reject Socialism. Hillary is owned by Goldman Sachs. She crushed the Socialist, even in the more Socialist party)
Plan on paying your own bills. teach the kids to do just that, too. (The plan for the kids should start well before the 1st loan, with 529 plans, kids working during later high school years, and p/t through college, kids being told precisely what student loan payments will be, plus what median starting income for their field is, with parents working on their kids budgets post college..at age 18)
I guess that's why Sanders routinely beat Trump in polls by 10+ points more than Hillary does. It's changing faster than you realize.
There is no family budgeting that can contain the college cost increases we're likely to see. What part of 500% increase over 30 years don't you get? What part of stagnating family incomes don't you get? There's no room to budget for something that's 100% more expensive than 10 years ago when you're only making 15% more.
It's exactly your kind of attitude that will create more push for change. You're so out of touch with the reality these kids deal with that you don't know how ridiculous you sound. I work with them every day. They work just as hard as kids did back in the good ol' days. People are people. They're not that different than I was, the boomers were, those behind them, whatever. But they're quite aware of the screwing they're getting and they're very keen to who's on their side and who's not.
I guess that's why Sanders routinely beat Trump in polls by 10+ points more than Hillary does. It's changing faster than you realize.
There is no family budgeting that can contain the college cost increases we're likely to see. What part of 500% increase over 30 years don't you get? What part of stagnating incomes don't you get?
It's exactly your kind of attitude that will create more push for change.
Polls are meaningless. Non Socialist HC beat the Bern.
Median college debt is still a manageable $29k. With a median income gap, college degree vs high school, of 400+/wk, that is $15k net/year, or a 2 year ROI.
BTW, Only an idiot pays more than a minority share of tuition. Tons of scholarships, grants, aid, work study, etc.
My 4 nephews and nieces, none > 12 years old, all have significant 529 plans for them already. Preparation for budgeting that started before they were born.
Polls are meaningless. Non Socialist HC beat the Bern.
Median college debt is still a manageable $29k. With a median income gap, college degree vs high school, of 400+/wk, that is $15k net/year, or a 2 year ROI.
BTW, Only an idiot pays more than a minority share of tuition. Tons of scholarships, grants, aid, work study, etc.
My 4 nephews and nieces, none > 12 years old, all have significant 529 plans for them already. Preparation for budgeting that started before they were born.
In the end Hillary had overwhelming support from blacks and Hispanics, particularly those over 45 which are what she did not have in 2008, at least not the black vote (the Clintons always did well with Hispanics). Bernie never could figure the minority vote out. He did not lose because of his policies, rather, Hillary has to figure out how to get his voters in the fold because she cannot win without them. He has made her a much more liberal candidate than in 2008.
"Manageable" lol. You'd better hope those accounts get crazy-good returns to cover the expected increases, because if investments went up the way college tuition has, I'd be a rich man today.
It was $35K for 2015. You're already operating with old information. "Manageable" lol. You'd better hope those investments get crazy-good returns to cover the expected increases.
$35k no biggie, not much more than a car, for an extra half million minimum in lifetime salary. Ca-ching.
Last edited by BobNJ1960; 06-10-2016 at 10:38 PM..
Just used an online planner, with a 2k starting 529, put in 250/mth, 500/annual on Junior's Bday, and Junior would start with over 124k towards college. (6% growth assumption..modest.I kill that in my 401k every decade)
Add scholarships, grants, his work during high school and college, he'll be fine.
Depending on a 6% annual return is a dicey proposition. Past performance is no guarantee of future results. We could be going into a 2 or 3% annual return era. Even Buffett is saying 3%. If a 2008 style market crash occurs in the couple years before a kid goes to college, loans it is for him.
In any case, the kinds of parents who populate an economics forum and/or have the wherewithal and financial ability to start a dedicated college fund at birtj are not the people who are in trouble, or ever would be in trouble. My parents did not have that ability to be sure.
Regardless, we should be asking college what the heck costs so much. I don't know why students don't effing picket colleges every day, they're so outrageous.
Last edited by redguard57; 06-10-2016 at 10:51 PM..
Depending on a 6% annual return is a dicey proposition.
Nonsense. I've hit that for 2 decades overall with my 401k. But the key is the parents must be adults and prioritize the 529 plan over their own wants.
Nonsense. I've hit that for 2 decades overall with my 401k. But the key is the parents must be adults and prioritize the 529 plan over their own wants.
Past performance is no guarantee of future results.
Besides, for a normal family making the national median of $55K - neither a 401k nor a 529 are realistic, at least not enough to save the amounts needed. At best, they can be a supplement.
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