ANDRO SHRED!

Facebook    Twitter    YouTube    Instagram

Education Industrial Complex: Student Debt

Page 1 of 5 12345 LastLast
Results 1 to 15 of 64
  1. #1
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    Chicago
    Age
    57
    Posts
    5,637

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    1
    Thanked in
    1 Post
    Rep Points
    238663141


    Education Industrial Complex: Student Debt

    Brief, but very concise. Does this affect you?
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  2. #2
    RDRSE Ghost Assassin
    ELITE MEMBER
    Dark Geared God's Avatar


    Join Date
    Jan 2010
    Gender
    Male
    Location
    Usa
    Posts
    9,334

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    5
    Thanked in
    5 Posts
    Rep Points
    589959862


    yes let the govt pay for it then work for them they will forgive the debt and passit to the tax payer...
    If you strike me down(ban me)I'll become more powerful than ever.. Don't say i don't warn you.


  3. #3
    Senior Member
    ELITE MEMBER
    danzik17's Avatar


    Join Date
    Oct 2005
    Gender
    Male
    Location
    Connecticut
    Posts
    3,797

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    63452752


    No, doesn't affect me. I stopped taking student loans my Sophmore year and rather took money from my internship to pay what I would have borrowed. The first thing I did when I graduated was pay off the high interest rate loan I had (8%).

    All I have left now is a loan at like 2% which costs me net like 50$ interest per year after you figure the difference between my savings interest rate and the rate I'm charged. I have no incentive to pay that one off early.
    Ron Paul 2012

    No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

  4. #4
    RDRSE Ghost Assassin
    ELITE MEMBER
    Dark Geared God's Avatar


    Join Date
    Jan 2010
    Gender
    Male
    Location
    Usa
    Posts
    9,334

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    5
    Thanked in
    5 Posts
    Rep Points
    589959862


    If you strike me down(ban me)I'll become more powerful than ever.. Don't say i don't warn you.


  5. #5
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & St. Croix
    Posts
    16,312

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    3
    Thanked in
    3 Posts
    Rep Points
    1002190314


    this is one of the effects of middle class pay basically remaining stagnant for decades. parents can no longer afford to save for their childrens education to the child is forced to accrue great debt to pay for it themselves.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  6. #6
    Amateur Gynecologist
    ELITE MEMBER
    vortrit's Avatar


    Join Date
    Jun 2006
    Gender
    Male
    Location
    Legal Weed, Bitch!
    Posts
    11,204

    Thanks Thanks Given 
    2
    Thanks Thanks Received 
    12
    Thanked in
    12 Posts
    Rep Points
    960126246


    Education in this country is way over priced. And anyone who has even taken one college class knows that the books are a complete rip off. You can end up paying $500 for a book. It's a complete joke, if you ask me.
    DRSE Reconnaissance


  7. #7
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & St. Croix
    Posts
    16,312

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    3
    Thanked in
    3 Posts
    Rep Points
    1002190314


    Quote Originally Posted by vortrit View Post
    Education in this country is way over priced. And anyone who has even taken one college class knows that the books are a complete rip off. You can end up paying $500 for a book. It's a complete joke, if you ask me.
    that's the way it has always been. I remember paying $300 for certain books way back my freshman year in '86.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  8. #8
    Amateur Gynecologist
    ELITE MEMBER
    vortrit's Avatar


    Join Date
    Jun 2006
    Gender
    Male
    Location
    Legal Weed, Bitch!
    Posts
    11,204

    Thanks Thanks Given 
    2
    Thanks Thanks Received 
    12
    Thanked in
    12 Posts
    Rep Points
    960126246


    Quote Originally Posted by LAM View Post
    that's the way it has always been. I remember paying $300 for certain books way back my freshman year in '86.
    I finished in 2003 and I was averaging $250 per book, and I'm sure they've went up since then.
    DRSE Reconnaissance


  9. #9
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    Chicago
    Age
    57
    Posts
    5,637

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    1
    Thanked in
    1 Post
    Rep Points
    238663141


    Agree with LAM and Vortrit,

    And this is the first time ever that student loan debt is larger than credit card debt, for the whole of the nation.

    Now, just think about how big this is.


    I was lucky, bein at Uni from 1998-93.

    Absolute disgrace to the younger generation.

    Like the one of the last quotes in that video:

    "Education is the best investment you'll ever make."

    And many companies, even companies hiring for job that don't involve security or finances are checking FICO scores.

    If a young grad misses a payment or more in this economy, it's reflects on their credit.

    When and why does a person's value as an employee in the job market depend on the FICO score? Car insurance, and other companies check it now.

    The land of the all-might FICO score.

    Luckily mine is high.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  10. #10
    Amateur Gynecologist
    ELITE MEMBER
    vortrit's Avatar


    Join Date
    Jun 2006
    Gender
    Male
    Location
    Legal Weed, Bitch!
    Posts
    11,204

    Thanks Thanks Given 
    2
    Thanks Thanks Received 
    12
    Thanked in
    12 Posts
    Rep Points
    960126246


    Quote Originally Posted by Big Smoothy View Post
    Agree with LAM and Vortrit,

    And this is the first time ever that student loan debt is larger than credit card debt, for the whole of the nation.

    Now, just think about how big this is.


    I was lucky, bein at Uni from 1998-93.

    Absolute disgrace to the younger generation.

    Like the one of the last quotes in that video:

    "Education is the best investment you'll ever make."

    And many companies, even companies hiring for job that don't involve security or finances are checking FICO scores.

    If a young grad misses a payment or more in this economy, it's reflects on their credit.

    When and why does a person's value as an employee in the job market depend on the FICO score? Car insurance, and other companies check it now.

    The land of the all-might FICO score.

    Luckily mine is high.
    It's like when they take someones drivers liscense for missing a child support payment.
    DRSE Reconnaissance


  11. #11
    Follow @TheUnzippedFly
    soxmuscle's Avatar


    Join Date
    Aug 2004
    Gender
    Male
    Location
    do work son
    Age
    30
    Posts
    11,378

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    85429855


    I'm back at school for one final semester and had to take out an $18,000 dollar loan this summer. I settled upon this dollar amount because that is what the school said it would cost to eat, live, buy books, and pay tuition.

    Well, it turns out, that I didn't get nearly as much Fafsa-money as had been expected/predicted. Oh well, I guess I'll just have to cut back on grocery money and not furnish my apartment, right? Wrong. The school took all $18,000 dollars that was given to me by Chase Student Loans to pay off my bursar bill. When I went into the bursars office (after getting played like a fiddle going back and forth between the Student Loans office, the Bursars office, and Chase Student Loans) to ask where my check was with the difference so I could pay rent and eat (ya know, because eating and sleeping is something humans have to do), they said that there was no money to give to me.

    So now... my bursar bill is paid off sans $300-plus dollars, but I have no long term plan as to how I'm going to pay my rent, eat... oh, and buying books for the semester? Well that's just completely out of the fucking question at this point.

    My Mom has paid both August and September rent, and I made a couple thousand this summer which I've been using to buy food, but this whole situation sucks.

    I'm pretty well off in comparison to the other horror stories I've heard, but this whole situation is fucked.

    Welcome to the real world, kid! Fuck this bullshit...
    Age: 27 | Height: 5'8" | Weight: 165 lbs | Penis: 2.5 inches

  12. #12
    RDRSE Ghost Assassin
    ELITE MEMBER
    Dark Geared God's Avatar


    Join Date
    Jan 2010
    Gender
    Male
    Location
    Usa
    Posts
    9,334

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    5
    Thanked in
    5 Posts
    Rep Points
    589959862


    LEt jsut say it its bushes fault
    If you strike me down(ban me)I'll become more powerful than ever.. Don't say i don't warn you.


  13. #13
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    Chicago
    Age
    57
    Posts
    5,637

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    1
    Thanked in
    1 Post
    Rep Points
    238663141


    Quote Originally Posted by soxmuscle View Post
    I'm back at school for one final semester and had to take out an $18,000 dollar loan this summer. I settled upon this dollar amount because that is what the school said it would cost to eat, live, buy books, and pay tuition.

    Well, it turns out, that I didn't get nearly as much Fafsa-money as had been expected/predicted. Oh well, I guess I'll just have to cut back on grocery money and not furnish my apartment, right? Wrong. The school took all $18,000 dollars that was given to me by Chase Student Loans to pay off my bursar bill. When I went into the bursars office (after getting played like a fiddle going back and forth between the Student Loans office, the Bursars office, and Chase Student Loans) to ask where my check was with the difference so I could pay rent and eat (ya know, because eating and sleeping is something humans have to do), they said that there was no money to give to me.

    So now... my bursar bill is paid off sans $300-plus dollars, but I have no long term plan as to how I'm going to pay my rent, eat... oh, and buying books for the semester? Well that's just completely out of the fucking question at this point.

    My Mom has paid both August and September rent, and I made a couple thousand this summer which I've been using to buy food, but this whole situation sucks.

    I'm pretty well off in comparison to the other horror stories I've heard, but this whole situation is fucked.

    Welcome to the real world, kid! Fuck this bullshit...
    soxmucle,

    Thanks for giving us a real-life take on this.

    I assume you go to a public, state Uni (although I don't care).

    So, $18K, they just take and put it to what they want?

    But is complete bullsh*t.

    How much in your opinion is tuition, books, food, and rent?

    I'm just curious.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  14. #14
    primeau
    lnvanry's Avatar


    Join Date
    Nov 2004
    Gender
    Male
    Location
    Tucson
    Age
    35
    Posts
    4,267

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    54346477


    I finished my undergrad with little to no student debt thanks to my parents (less than 6k)...grad school was a completely different story.

    in the end, my personal debt from education was about 85K (6%-8.5% interest on 4 different loans)...throw in another 25K from my wife and our student loan payments are almost as high as our mortgage. The only big difference with student is they can't repossess your degree, lol.

    in all seriousness though, all federal loans will allow you to enter forbearance so you won't have to make payments and it won't hit your FICO score...but you can still expect accrue interest during these frozen pay periods.

    higher educations costs are ridiculously outrageous. Nevermind books rackets (which are a joke as well), but the tuition alone is higher than the public even realizes. A standard state university (Assuming you are a resident of that state, therefore, getting the cheaper rate) is roughly 10K a year for a bachelors. You can double that for an advanced degree (JD, MD, MBA, MS, or MA).

  15. #15
    Thats Dr. Keke to you!
    KelJu's Avatar


    Join Date
    Jul 2005
    Location
    In my imagination.
    Age
    35
    Posts
    14,919

    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    0
    Thanked in
    0 Posts
    Rep Points
    1117484047


    Quote Originally Posted by soxmuscle View Post
    I'm back at school for one final semester and had to take out an $18,000 dollar loan this summer. I settled upon this dollar amount because that is what the school said it would cost to eat, live, buy books, and pay tuition.

    Well, it turns out, that I didn't get nearly as much Fafsa-money as had been expected/predicted. Oh well, I guess I'll just have to cut back on grocery money and not furnish my apartment, right? Wrong. The school took all $18,000 dollars that was given to me by Chase Student Loans to pay off my bursar bill. When I went into the bursars office (after getting played like a fiddle going back and forth between the Student Loans office, the Bursars office, and Chase Student Loans) to ask where my check was with the difference so I could pay rent and eat (ya know, because eating and sleeping is something humans have to do), they said that there was no money to give to me.

    So now... my bursar bill is paid off sans $300-plus dollars, but I have no long term plan as to how I'm going to pay my rent, eat... oh, and buying books for the semester? Well that's just completely out of the fucking question at this point.

    My Mom has paid both August and September rent, and I made a couple thousand this summer which I've been using to buy food, but this whole situation sucks.

    I'm pretty well off in comparison to the other horror stories I've heard, but this whole situation is fucked.

    Welcome to the real world, kid! Fuck this bullshit...

    I'm not trying to be a dick here, but why don't you get a job? You act like you are incapable of paying rent and bills.
    Fucking Determined!

Similar Threads

  1. U.S. Debt visual
    By BP2000 in forum Anything Goes
    Replies: 0
    Last Post: 11-05-2011, 03:57 PM
  2. A debt deal!
    By GearsMcGilf in forum Anything Goes
    Replies: 38
    Last Post: 08-05-2011, 06:11 PM
  3. Ali G sex education
    By Klutch in forum Anything Goes
    Replies: 2
    Last Post: 06-12-2010, 02:41 PM
  4. Is Industrial Civilization a Pyramid Scheme?
    By GFR in forum Anything Goes
    Replies: 7
    Last Post: 12-20-2009, 09:32 PM
  5. CC Debt?
    By Blieb in forum Anything Goes
    Replies: 25
    Last Post: 01-30-2003, 11:42 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Copyright© 2001-2017 IronMag® Bodybuilding Forums