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Tuition, books, fees, living expenses, transporation, food...
You need all that.
So, by that rationale, students can buy cars with student loan money.
The feds will all but leave a borrower homeless to get their money from students.
All these same arguments came up when PC's were starting to get common and kids needed then for college ,using loan money on a PC in the late 90's early 2000's and it was $1000 for a computer..it was a wast kids don't need it, the school should give it to them,we didn't need a computer when I went to school,..all the same stupid arguments.
I knew someone back in college who spent his student loans on junk bonds from the RJR Nabisco deal. He had paid his tuition some other way, and the loans were "excess" credits on the registrar's books. These bonds paid something like 16% and the student loan debt rate was 4%.
I thought it was massively creative, even though a violation of the intent if not the letter of the student loan program. This guy was disciplined with money, and he essentially made a 12% net gain for many years at taxpayer expense.
The bonds were eventually called (principal paid) -- the company never defaulted despite those high rates. The whole experience taught me how cigarettes and junk food were surprisingly durable investments.
Kids don't have it as easy as you did still no proof all the kids are spending the money on spring break ,more Trumpette fake news.
i survived on pinto beans and cheap beer with no spring breaks and held down a full time job while also going to school full time, but they don't have it as easy as me because they have to pay back their expensive student loans that they used to go on fun spring breaks?
I was friends with guys who's parents paid their tuition and room and gave them an allowance, but they took out a 4 grand student loan to party with and go on trips.
I am sure the spring breaks of the 1980s were much more basic then today. I have seem videos of Spring Breaks from the 1980s online and it is basically people driving a car to the beach a few days, sitting on the water and having a cold ones out of cooler.
I spent my Spring Breaks (which ended in the earlier part of that era ) skiing...Aspen + Snowmass, Vail + Beaver Creek, and Jackson Hole. As Happiness-is-close suggested in this thread, Spring Break trips can be dirt cheap....and ours were. The ski club at my alma mater was the largest social organization on campus (larger than any fraternity or sorority). The club officers were masters at scoring fantastic deals (I'm sure the volume of business helped quite a bit). We took buses to these resorts (leaving from California) rather than flying or driving cars.
the word 'hopeful' is not in the question that was asked:
produce your own poll that says something different. otherwise, you've got squat.
You're getting your own links mixed up. The one with "hopeful" in the headline (1000 polled) says only a quarter of those polled expect student loans will be forgiven.
So is it 25% or 50% then? I don't need to do anything except expose those links and polls as crap.
These snowflakes spend the loan money on Fun-Fun-Fun because they believe it's "FREE".
They don't think they will ever have to pay that money back - Clinton and Bernie told them it's "FREE".
The parents of the snowflakes don't care - they didn't care enough to bother to save for their kid's education and they don't care now that those same kids spend their time on 'social justice' and tantrums instead of degrees that will help them get decent jobs.
Why should the parents pay for college education? That's a relatively new concept. Are you a gen x parent? My parents told me if I wanted to go to school, I'd have to pay for it. So I got grants & loans, I didn't expect mom & dad to pony up.
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