Tagged: student loans
This topic contains 11 replies, has 8 voices, and was last updated by 
Beer 2 years, 10 months ago.
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If you were planning to go to college, would you get a student loan?
Would you conclude that your future salary justifies your cost/benefit analysis?
Interesting article:
"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)
If you were planning to go to college, would you get a student loan?
Would you conclude that your future salary justifies your cost/benefit analysis?
F~~~ no! Student loans are about the same as marriage. You can’t escape them. Even in bankruptcy. They stick with you for life. Especially now when America is making very little. Instead the stem sciences are used for managing inventory bought in China, milking citizens for as much mandatory insurance as possible, and for legalized gambling (wall street).
University should be free, government small, and industry encouraged. Until then don’t get student loans.
Besides, universities will soon be a thing of the past. These greedy institutions will be replaced with on-line learning. Avoid student loans like you should avoid marriage.
First of all i’d take a real long think on if it’s even worth it to go to college. It depends what you want to do with your life but the expense vs benefit is getting pretty hard to justify these days.
Then if you do because you’re going to be a doctor or lawyer or something like that, I’d look at every other way to get money before you entertain thoughts of student loans. They will f~~~ you sideways.
As a student currently working on grad school, I can say the University system in the U.S. is utterly f~~~ed. I have a roommate with 80K+ of debt and he isn’t even using his degree… Word of advice for younger fellas out there, avoid college. Today’s universities are nothing more than Marxist echo chambers. Jordan Peterson said it best, “Avoid colleges now, and join a trade”. This is coming from a clinical psychologist with his P.H.D.. Universities have failed men, and aren’t what they once were. Education is a joke now that feminazi ideology has infiltrated higher learning. A learned man is difficult to find now. I am under the assumption that this is by design. Dumber more complacent men are easier to control.
Fuck bitches... literally and metaphorically
I agree; with a few rare exceptions, college is a complete waste. I got through college by studying hard and winning all the scholarships, and paying whatever was left with money I made by working all summer. I ended up borrowing about $4000 (and that, my friends, is nothing). I went to college for one reason: because I wanted to teach, and to teach you need a degree. I’m glad I did it. But you should make a decision in high school what you plan to do, and if you can do it without a degree, don’t go to college. It’s simple as that.
Women are better at multitasking? Fucking up several things at once is not multitasking.
University should be free
How would you get professors to donate their time, publishers to donate books, and property owners to allow usage of their buildings at no charge?
Or do you mean “free” as in the government would pay for it…because that most certainly is not free.
First of all i’d take a real long think on if it’s even worth it to go to college. It depends what you want to do with your life but the expense vs benefit is getting pretty hard to justify these days.
Then if you do because you’re going to be a doctor or lawyer or something like that, I’d look at every other way to get money before you entertain thoughts of student loans. They will f~~~ you sideways.
I don’t think those higher up degrees are really even worth it anymore. I know a dentist and a pharmacist around my age…the dentist had 250k in loans at graduation and the pharmacist 300k. The dentist makes I think around 150k a year and the pharmacist about 110k(could make around 130k but is working a government job for the pension).
Just for comparison…I work at a power plant. There are people there who got in through trades, navy experience, and anywhere from 2 year engineering technology degrees up to masters in engineering. Entry level jobs can hit 100k if you aren’t shy about doing shiftwork where you have to work nights, holidays, and weekends, and don’t mind working overtime. If you want to be mon-thurs on 4 10 hour days or a 9-5er with all your weekends off you’ll make less…but its still a good wage. You can also work your way up through management if you want…I’ve got supervisors I’m pretty sure are clearing 200k a year that don’t have super fancy degrees…just basic degrees and have proven themselves to be competent employees over the years. The point is if you can make 100k with a 2-4 year degree, 4 years worth of navy experience, or through a trade, and you can do all those things with a hell of a lot less debt than med school…is the extra maybe 20-50k a year worth 4-6 years of working/investing and 250k+ in debt? I know that by the time either that dentist or pharmacist hits a point where they have a 0 dollar net worth, mine will be well over a half million. My income + investment growth will be much higher than theirs simply because my investment growth is going to be so far ahead they’ll never catch me until long after I’ve retired and have stopped contributing/reinvesting and started living off gains.
I think the best programs around right now can be found at community colleges. I know the one near me offers 2 year engineering technology degrees that they run in co-op with some local employers and the programs are basically groomed to get you ready for those jobs, plus they’re ridiculously cheap compared to what people will pay to live on campus even at an in-state university. They also offer a 2 year RN program. If you can find programs like those and get into them right out of high school you could work your way into a job with a base salary probably north of 60k in your early 20s…but after factoring in things like bonuses, holiday pay, shift differentials, and being willing to work overtime, you can gross much more. I’d much rather be 30 making 80k a year with 500k-1m stashed away than 30 making 150k with 250k in debt. The higher salary/debt laden guy really has no chance at ever catching up in terms of net worth unless he simply works for more years than the other guy.
I took $57,000 in student loans out to help contribute to the household over the course of four years or so while I was in school. Big f~~~ing mistake and it will take me years to pay it back. Don’t get married, don’t raise someone else’s kids, don’t have kids.
Be professional be polite but always have a plan to kill everyone you meet.
Magus wrote:
University should be free
How would you get professors to donate their time, publishers to donate books, and property owners to allow usage of their buildings at no charge?Or do you mean “free” as in the government would pay for it…because that most certainly is not free.
Yep, as in government should pay for it. Because it pays priceless dividends for a society. Only a society in decline don’t realize this.
My key to a successful living life financially: don’t marry, don’t have kids and don’t dig yourself in debt including college.
Boy I’m going to laugh at my aunt’s kids for the next 20 years, because they’re taking out expensive college debts to get jobs they think are promised to them when they get out. Wait till they find out that there’s no job lined up and they’ll be stuck living with my aunt and being dumped by their 7th girlfriend in the past 5 years. HAHAHAHAHAHA!!!!!!!!!
https://themanszone.webs.com/
Yep, as in government should pay for it. Because it pays priceless dividends for a society. Only a society in decline don’t realize this.
Me paying for someone to live on campus and party for 4 years to end up with a woman’s studies degree or a classical art degree pays zero dividends to society. I’d rather just save the money and go buy myself a new car and support a manufacturing job rather than throw more money at a corrupt and bloated college system.
Someone commuting for four years to get a STEM degree that leads to a decent job typically isn’t the one to bitch about paying back 30k worth of loans.
Using my tax dollars to pay for other people to go to college, what you would call “free”, just subsidizes s~~~ty choices.
Besides…even with student loans now…they do a p~~~ poor job policing what people spend the money on, which is also why I’m against student loan forgiveness. I know people that borrowed way more than they needed just because they could, and literally used student loan money to buy cars and go on vacations. Notice…college costs started out pacing inflation when the government began to get more involved in student loans…the answer to the sky rocketing cost of college isn’t the government throwing more money at it.
Boy I’m going to laugh at my aunt’s kids for the next 20 years, because they’re taking out expensive college debts to get jobs they think are promised to them when they get out. Wait till they find out that there’s no job lined up
Not wanting to subsidize people like this is what I’m talking about. Commuting to an in state school really isn’t that expensive. I know the community college near me is about 6k a year for full time tuition if you pay 100% out of pocket. The four year state school I went to is 11k a year for the 2017/18 school year for tuition and fees if you pay 100% out of pocket.(Keep in mind this is paying 100% out of pocket…most people can qualify for some scholarships, grants, or if you are working your way through potentially find a job that offers some college reimbursement…its not hard…a lot of big chains offer such programs) Two years at community college than transfer to the four year school and you could still get a 4 year degree for 34k. If you can puke up 8.5k a year you could still get through debt free. I made more than that my senior year of high school 15 years ago making 7.25 at a retail job, which is a lot less than minimum wage in a lot of areas now. Even if you only pay a portion of it…its still possible to get through with way less than the average student loan balance of 30 something thousand.
If you live on campus room and board is 13,000. That’s right…literally more than tuition lol. Its why I don’t feel bad for people who live on campus, don’t work, and graduate with obscene amounts of debt. When I was busting my ass to do it debt free they were partying and having 4 of the best years of their life. When they graduate and want to bitch…tough s~~~…they could have paid their dues when they were young and not had it weigh them down later in life.
And that is prices for in state tuition at state schools that are already tax payer subsidized…if people insist on going to fancy private schools and paying even more…I have even less sympathy the more they pay. Nobody twisted their arm to go to some uber expensive college…they could have just went to a state school and saved the money.
For as much as people bitch about it being so unaffordable…a big piece of it is because people think they are entitled to the “college experience.” Hey…if they want to enjoy the college experience rather than pick a cheaper option and worker a bit harder…their loans shouldn’t be my problem.
Me paying for someone to live on campus and party for 4 years to end up with a woman’s studies degree or a classical art degree pays zero dividends to society. I’d rather just save the money and go buy myself a new car and support a manufacturing job rather than throw more money at a corrupt and bloated college system.
Someone commuting for four years to get a STEM degree that leads to a decent job typically isn’t the one to bitch about paying back 30k worth of loans.
Using my tax dollars to pay for other people to go to college, what you would call “free”, just subsidizes s~~~ty choices.
Besides…even with student loans now…they do a p~~~ poor job policing what people spend the money on, which is also why I’m against student loan forgiveness. I know people that borrowed way more than they needed just because they could, and literally used student loan money to buy cars and go on vacations. Notice…college costs started out pacing inflation when the government began to get more involved in student loans…the answer to the sky rocketing cost of college isn’t the government throwing more money at it.
Yes, the college system needs to be cleaned up so that there are no more woman’s study programs.
A good school usually costs 30K or more per year so in four to 10 years it comes out to something astronomical. And stem careers usually don’t pay back because America today is all about hiring social science majors who are willing to act as reps to wherever the rich have outsourced the stem jobs to.
I’ve known nobody to have bought a car and go on vacation with their financial aid. Yes college costs have outpaced inflation. It is a rip off. The investors have realized they can fleece the young and are doing so. Destroying our nations future. There will be a new paradigm soon where school is essentially free. And we will look back at the current model much as we look back at McCarthyism. (And marriage.)
A good school usually costs 30K or more per year so in four to 10 years it comes out to something astronomical.
Bulls~~~. Like I said the school I went to cost 11k a year for tuition for the 2017-18 school year. Community college cost half that. 12k for 2 years of community college, transfer, 22k more for state uni…that is 34k for four years…not 30k+ for one.
Too many people are just retards who feel entitled to living on campus in college then want to bitch when they have to pay the bill. I know for a fact…I’ve lived it already…I couldn’t even count all the people I know who lived on campus for classes 2-4 days a week at a school less than an hour away from their parents house where they could have lived for free. All they had to do was live at home instead and work on their days they had no classes, but many opted to f~~~ around and have fun instead…then want to bitch when its time to pay it back.
And stem careers usually don’t pay back because America today is all about hiring social science majors who are willing to act as reps to wherever the rich have outsourced the stem jobs to.
That is kinda funny you think that. I have an engineering degree and a psych degree. I’m pulling in over 100k a year, and its not with the psych degree.
I’ve known nobody to have bought a car and go on vacation with their financial aid.
You must not know many people.
Just some stats…
31% of college students use loan money for spring break trips
24% have used some for alcohol
7% have used some for illegal drugsPlus people are using it for clothes, eating out, gambling, and cars lol.
It is a rip off.
It should be a criminal offense to spend student loan money on things other than college. I literally know people who signed up for classes, got student loans to pay for them, dropped out, got cash back, went on a shopping spree, then proceeded to cry years later when they had trashed credit and the loan balance ballooned due to accrued interest.
The investors have realized they can fleece the young and are doing so.
The investors? Do you realize the “bank” that provides more student loans than all other sources combined is the United States government? Private banks and greedy investors aren’t the culprits here…its a f~~~ed up government and a bunch of greedy, entitled morons given a blank check by said f~~~ed up government.
There will be a new paradigm soon where school is essentially free. And we will look back at the current model much as we look back at McCarthyism. (And marriage.)
The only way the problem is going to correct itself is when the government stops throwing unlimited money at student loans with basically no restrictions. That…and I don’t think it would hurt if a basic finance class was a requirement to graduate high school. If as a society we know so many high school grads are going to go on to college and take student loans…why are we sending them so unprepared?(personally I think its just an excuse for poor choices but hey…why not take that excuse away so its easier for more people to have no sympathy for those who do not deserve it)
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