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Why does anyone think it's a good idea to take out student loans again?
Oh well. I guess current university students don't expect for social security to even be around by the time they retire anyway, so it indeed is mainly the co-signer's problem.
They need to teach financial classes in high school so that students will know what they're getting into. High school students are not educated enough to make a decision as huge as taking out a student loan.
Only thing my daughter listened to me about was not taking out student loans. She did at least learn from my huge fiasco. She ended up not finishing college and is working for about the same wages around here as she would if she had. I am glad for that. She's doing pretty well that way and is slowly developing a better work ethic.
My point is not that kids shouldn't be able to take out loans for college, but that we should be expecting more out of students requesting these loans. Higher GPAs, higher test scores, written recommendations from teachers, etc. These kids should be seen as an investment by taxpayers, if taxpayers are to flip the bill. The nature of investing is that there will always be failures, and that's fine, but our goal should be to minimize those failures.
It's a loan not a gift why should you have to prove that you are a superb student to borrow money? I don't have to prove to the car dealer that I'm an amazing driver in order to finance a car.
It's a loan not a gift why should you have to prove that you are a superb student to borrow money? I don't have to prove to the car dealer that I'm an amazing driver in order to finance a car.
The declining value of a college degree is directly related to the overabundance of college degrees on the job market. You shouldn't need a bachelor's degree to get a job as a receptionist, but that is what's happening across the country in certain areas... too many people with 4-year degrees are applying for these positions, and hiring managers have no choice but to raise the qualifications bar in order to differentiate between the applicants. This situation not only makes it difficult for college graduates to find jobs, but it also screws over the people who didn't go to college, who are a better fit for these types of jobs to begin with.
I agree that you shouldn't but it is a double issue. Companies sometimes list these to reduce applicant pools during employer markets. Sadly many places never removed that "requirement."
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Originally Posted by tamajane
Smart employers know this. For a receptionist we would more likely hire an older person or a high school/community school grad. There was an opening for a receptionist at a medical office I worked at and one applicant had a masters degree in nothing to do with health care. They hired a woman with a hs diploma who had taken college classes in anatomy and medical transcription. That was a good fit.
I always advise to sharply focus on your goals. Some people just toss a resume wherever there is an opening.
Exactly but there are a lot of bad companies or if not bad HR who use the degree as a "would like to have" requirement. Your employer did it right, many don't though.
Some people need to take loans out to have the career they want. Many doctors and lawyers are in massive debt. Easily in the high six figures due to all the schooling required, unfortunately they don’t just start out making six figures after college. Residencies take place before an actual well paying job. Then you have, basic living needs such as rent, food, etc.
Many millennials are facing higher housing and rent prices than previous generations. Plus all the accrued interest on these large loans that trump wants to convert to private loans (to make students pay even higher interest rates). This will benefit his rich buddies in the private loan industry. I know someone paying over 1k a month in student loans.
Like I said y’all sound elitist. Only rich kids should be doctors or lawyers, and if you ooor and don’t get a full scholarship forget about it
no-body is saying they cant get loans, or should not have loans....
the point is........if you take a loan out...aka sign a legal contact...be it at 0% or at 6%...it is YOUR JOB to PAY BACK the LOAN that you RECEIVED for your education...... its a very simple LEGAL concept
Quote:
I know someone paying over 1k a month in student loans.
and??? I pay over 1k a month for property taxes (13k a year)..... do I like it, NO, but that is part of LIFE
No but you can go after every penny they have until they repay the loan and they can't discharge it in bankruptcy. Given that lenders have that much leverage why in the world would they want to limit loans to only the brightest and the best? I'd jump on the chance to make loans and be able to go after salary and bank accounts for the rest of the debtors life.
Being in the top of your class doesn't mean you will get scholarships.
I don't expect anyone to pay back my student loans. I owe, with the accruing interest, $180 to 190k. I cannot even work a part-time minimum wage job because I get no job offers or I get fired after being hired do to my health problems. Someone would have to be pretty delusional to believe I could ever pay that money back.
I received grants in college, but after a while even though I was awarded work study, no work study spot considered me as their selection (spots are limited) due to my getting sick much of the time. I was blackballed.
I never wanted to go to college anymore anyway and would've just worked a regular job had someone hired and kept me. I had to go to college for survival because I needed the financial aid money. Kind of hard to afford luxuries like a place to live when employers refuse to employ you.
wow...
not sure I even understand that..
you HAD to go to college FOR the financial aid???
you have 200k in debt...yet cant hold a job... due to some health issue.... if your health issue is that bad, that you cant work, sounds like you would be a good candidate for disability.....have you tried
so here is one point, where I certainly could see debt forgiveness.. if there is a true health issue preventing you from working
but for all others...you signed the legal document... pay back what you owe.... or show that you have no ethics
Does nothing for adults who need to change careers.
bs
for 7+ years people (to include a few mods) have told you what to do to better yourself...you fail to even try
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and for at least 6 years you have complained and done nothing to improve yourself...even though you have been given suggestions from dozens of people to include one of the mods
every post you make is about how bad you got it...please..get a better job
but...
you dont want a better job..you want you 8/hr job so you can get 900 a month ss
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4 years ago
many posters to including myself and one Mod, have given you many, many suggestions and avenues of approach for fixing and helping your situation......
but all you do is give excuses of why you cant....
many have suggested the library.....but you have an excuse of why you cant
many have suggested job shaddowing...but you have an excuse of why you cant
many have suugested grants, loans, etc....you have an exuses of why you cant
all you want to do is blame someone to include your parents, but you never look in the mirror
for many years you have been saying '''''you can't'''''' get help, or get training.....
you blame 'drug addict' parents, yet never even try to improve yourself
you blame the cost of rentals -vs- owning a house, yet never even try to improve yourself
you blame employers, yet never even try to improve yourself
6 years ago you said you were in your '''50's''' , so now in your late 50's or even just turned 60, you still sitting at a deli job....never have you even considered listening to people on here , who have given suggestions to you, trying to help
Last edited by workingclasshero; 02-13-2018 at 01:44 PM..
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