Page 6 of 13 FirstFirst ... 45678 ... LastLast
Results 51 to 60 of 130

Thread: Feds: New student loan repayment options set

  1. #51
    Resident Cat Expert
    Green Balls's Avatar
    Join Date
    Sep 2012
    Location
    Indianapolis
    Last Seen
    11-13-15 @ 08:02 AM
    Gender
    Lean
    Other
    Posts
    1,292

    Re: Feds: New student loan repayment options set

    My fiance was going to college for Pharmacy, but she was kicked out before she could start her residency due to a professor who had it out for her. She also didn't have the $40k to do her residency since she was maxed out on student loans. She then went to another college and graduated with a nursing degree and discovered while in that program, there was an error in her financial records and she did qualify for more student loans. In total, for 10 years of college, she ended up with $250k in student loans.

    A program like this would help her out immensely, but 90% of the loans were taken out before Oct 2007, so she doesn't qualify. Student loan assistance needs to be expanded for others in her situation. We've ran the numbers through all sorts of online calculators and her monthly payments in total are between $5k and $7k depending on the site. There is no way she is able to repay these loans. She didn't choose to drop out of the Pharmacy program, she was forced out. Some sort of forgiveness should be granted for her situation, but that will never happen. She'll be paying on these loans the rest of her life. It's a crock.
    Scientific fact: If you took all of the veins from your body and laid them end to end, you would die.

  2. #52
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    Today @ 01:53 PM
    Lean
    Conservative
    Posts
    6,396

    Re: Feds: New student loan repayment options set

    Quote Originally Posted by Helix View Post
    i agree. we should educate everyone who wants a college education, and those who can't afford it could go to public universities for a minimal tuition.
    Yeah, gotta love more free stuff.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  3. #53
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    Today @ 01:53 PM
    Lean
    Conservative
    Posts
    6,396

    Re: Feds: New student loan repayment options set

    Quote Originally Posted by Green Balls View Post
    My fiance was going to college for Pharmacy, but she was kicked out before she could start her residency due to a professor who had it out for her. She also didn't have the $40k to do her residency since she was maxed out on student loans. She then went to another college and graduated with a nursing degree and discovered while in that program, there was an error in her financial records and she did qualify for more student loans. In total, for 10 years of college, she ended up with $250k in student loans.

    A program like this would help her out immensely, but 90% of the loans were taken out before Oct 2007, so she doesn't qualify. Student loan assistance needs to be expanded for others in her situation. We've ran the numbers through all sorts of online calculators and her monthly payments in total are between $5k and $7k depending on the site. There is no way she is able to repay these loans. She didn't choose to drop out of the Pharmacy program, she was forced out. Some sort of forgiveness should be granted for her situation, but that will never happen. She'll be paying on these loans the rest of her life. It's a crock.
    Borrow money and ask for forgiveness. That's a crock.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  4. #54
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    Today @ 01:53 PM
    Lean
    Conservative
    Posts
    6,396

    Re: Feds: New student loan repayment options set

    Quote Originally Posted by j-mac View Post
    Why? According to Boo, Collage degrees costs are a symptom of cut backs in federal money....So, I guess we need more taxes for that as well....hmmmmm, now who could we go after for that?
    We would have to invade China and take all their money.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  5. #55
    Anti-Hypocrite
    molten_dragon's Avatar
    Join Date
    Oct 2009
    Location
    Southeast Michigan
    Last Seen
    Today @ 04:22 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,351

    Re: Feds: New student loan repayment options set

    I'm not a big fan of the change actually. For the most part, all it will do is pay for kids to go to college who shouldn't have gone in the first place. Why would you go to college at all if when you get out you're working at a job that doesn't allow you to get your loans paid off for more than 20 years?

    If there weren't hundreds of thousands of young adults spending most of their time in college drinking and ****ing while they 'earn' a bachelor's degree in philosophy or English literature (or any of the dozens of other majors that does almost nothing to improve your chances of getting a job and your future salary) and a 2.2 GPA, this kind of program wouldn't be necessary.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  6. #56
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Feds: New student loan repayment options set

    Quote Originally Posted by Green Balls View Post
    My fiance was going to college for Pharmacy, but she was kicked out before she could start her residency due to a professor who had it out for her. She also didn't have the $40k to do her residency since she was maxed out on student loans. She then went to another college and graduated with a nursing degree and discovered while in that program, there was an error in her financial records and she did qualify for more student loans. In total, for 10 years of college, she ended up with $250k in student loans.

    A program like this would help her out immensely, but 90% of the loans were taken out before Oct 2007, so she doesn't qualify. Student loan assistance needs to be expanded for others in her situation. We've ran the numbers through all sorts of online calculators and her monthly payments in total are between $5k and $7k depending on the site. There is no way she is able to repay these loans. She didn't choose to drop out of the Pharmacy program, she was forced out. Some sort of forgiveness should be granted for her situation, but that will never happen. She'll be paying on these loans the rest of her life. It's a crock.
    $250k?!?

    If you don't mind me asking, was that at private or state schools?
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #57
    Student
    Join Date
    Nov 2012
    Location
    CT
    Last Seen
    05-14-13 @ 09:43 PM
    Gender
    Lean
    Conservative
    Posts
    271

    Re: Feds: New student loan repayment options set

    You know what I wish, my wife and I didn't have to pay $40,800 a year (in tuition alone) for her third and fourth year of medical school, where she acts like a resident but pays to work. She works 75 to 80 hours a week, and sees patients does everything the residents do, only we pay for her to do this... We are lucky and I'm able to subsidize the rest of the cost of living, otherwise some students take out something like $66-67,000 a year....

    Sorry this is my rant on student loans but Really slave labor is better than what she has to do, at least slaves don't have to pay to work...

    Oh and 6.8% on a loan that you can't get rid of in bankruptcy court is BS... We have a bankruptcy system for a reason, to keep from someone loaning others too much money... And the more you loan the more the tuition costs will go up...

  8. #58
    User MAcc2007's Avatar
    Join Date
    Nov 2012
    Last Seen
    12-27-12 @ 02:36 AM
    Gender
    Lean
    Independent
    Posts
    53

    Re: Feds: New student loan repayment options set

    Quote Originally Posted by Hatuey View Post
    Feds: New student loan repayment options set - Yahoo! Finance



    I never went to university. My job could be pretty much be classified as a 'skilled trade'. I'm not worried about being replaced by somebody else. That said, I find this to be a good idea regardless of whether you're a Republican or Democrat. People work their asses off trying to repay off school loans from careers which simply don't pay what was invested in them while at the same time struggling to pay off house bills etc. Essentially, I think universities are OVERPRICED for the jobs which people acquire once out of them. As one musician put it:

    You pay 150K just to earn 50K a year.
    I think the bolded part is what is wrong with your statement. The students choose which fields to go into. A musician is an idiot to go to college, spend $150K to earn $50K, and then bitch about not being able to pay student loans. There are plenty of 'fun' degrees to get at college, but in reality students should also learn a trade or skill. I took plenty of interesting classes at college, but I chose to major in Accounting because I realized it would actually pay the bills after school.

    Choosing to defer entering the work market to go to school is a choice, and treating it like it is no big deal to pick a useless major like liberal arts should not be rewarded in this way. What a terrible lesson to teach youth that are entering the age of majority; that if you are an idiot society will foot your bills.

  9. #59
    User MAcc2007's Avatar
    Join Date
    Nov 2012
    Last Seen
    12-27-12 @ 02:36 AM
    Gender
    Lean
    Independent
    Posts
    53

    Re: Feds: New student loan repayment options set

    Quote Originally Posted by RLWSNOOK View Post
    You know what I wish, my wife and I didn't have to pay $40,800 a year (in tuition alone) for her third and fourth year of medical school, where she acts like a resident but pays to work. She works 75 to 80 hours a week, and sees patients does everything the residents do, only we pay for her to do this... We are lucky and I'm able to subsidize the rest of the cost of living, otherwise some students take out something like $66-67,000 a year....

    Sorry this is my rant on student loans but Really slave labor is better than what she has to do, at least slaves don't have to pay to work...

    Oh and 6.8% on a loan that you can't get rid of in bankruptcy court is BS... We have a bankruptcy system for a reason, to keep from someone loaning others too much money... And the more you loan the more the tuition costs will go up...
    I really respect your wife for choosing that career. With Obamacare coming down the pipe and the need for the government to control costs, it will be doctors who will see their pay reduced.

    The tricky thing about student loan debt is that students are typically very poor during their school years. If you allowed them to run up excessive loans and then file bankruptcy then you would see a ton of students defaulting on their debt before diving into their careers. Not only that, loaning institutions would then have to raise their interest rates to cover the risk associated with non-payment. In other words, student loan rates are held lower than they otherwise would be because students aren't able to graduate and then file bankruptcy. Lower interest rates benefit students.

  10. #60
    Sit Nomine Digna
    Carjosse's Avatar
    Join Date
    Jul 2012
    Location
    Montreal, QC, Canada
    Last Seen
    Today @ 08:42 PM
    Gender
    Lean
    Liberal
    Posts
    11,147

    Re: Feds: New student loan repayment options set

    Controlling tuition costs and offering grants to reduce costs. Especially medical students should be given large grants for medical school as to increase the numbers of doctors.

Page 6 of 13 FirstFirst ... 45678 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •