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Forum » The impossibility of paying back a student loan? What do they do in this situation?
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Thread: The impossibility of paying back a student loan? What do they do in this situation?

post 1593728951 12-17-2019, 10:25 AM
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#211
  1. oldandintheway
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High school should have a required class for all seniors. It should cover..

Budgeting
Checking account balancing- basic accounting concepts
Rule of 72
Simple interest
Balloon payments
I get a tax deduction just by hanging out here

More reps, no texts
post 1593729701 12-17-2019, 10:34 AM
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#212
  1. dmike100
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Originally Posted By oldandintheway⏩
High school should have a required class for all seniors. It should cover..

Budgeting
Checking account balancing- basic accounting concepts
Rule of 72
Simple interest
Balloon payments
Parents also need to be preparing their kids. Don't rely on our ****ty education system to do the right thing.
Freedom of speech is a principle pillar of a free government; when this support is taken away, the constitution of a free society is dissolved and tyranny is erected on its ruins.

Benjamin Franklin
post 1593731311 12-17-2019, 10:59 AM
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#213
  1. leafs43
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Originally Posted By oldandintheway⏩
High school should have a required class for all seniors. It should cover..

Budgeting
Checking account balancing- basic accounting concepts
Rule of 72
Simple interest
Balloon payments
I say if 18 year olds are too young to understand financial consequences, perhaps they are too young to vote as their voting can put the country in financial danger.
post 1593767811 12-17-2019, 09:11 PM
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#214
  1. LatinoWarrior2
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  1. LatinoWarrior2
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I got a bunch of negs saying I’m an “irresponsible leftist” for having unprotected sex. Or, “a retard for going to an expensive college because everyone in your family and outside influences told you to. Have some personal responsibility by telling everyone in your life to **** off”

My child support is $130 a month. I have joint physical and legal custody and the mom isn’t garbage.

I’m also a a USMC vet.

Student loans are still $600 a month.

Some of you people are disgusting.
post 1593768831 12-17-2019, 09:33 PM
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#215
  1. rectifryer
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Originally Posted By LatinoWarrior2⏩
I’m also a a USMC vet.

Student loans are still $600 a month.
Why? GI Bill pays FULL TUITION to any STATE SCHOOL. Did you choose a private institution that costs more?
Boycott foodservice industry crew
post 1593770461 12-17-2019, 10:17 PM
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#216
  1. JMath
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I don’t understand why there can’t be an incredibly simple solution to this...

Don’t make college free.
Give federal loans to would be students.
Make the first X amount of years 0% interest.
If loan isn’t paid off by X, add 2% to the remaining balance each year.
Everything depends upon execution; having just a vision is no solution.

Performance and performance alone dictates the predator in any food chain.
post 1593783581 12-18-2019, 06:37 AM
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#217
  1. chaunce54
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Originally Posted By rectifryer⏩
Why? GI Bill pays FULL TUITION to any STATE SCHOOL. Did you choose a private institution that costs more?
Depends on when you were in. It wasn't always like that.
^^Former 300+lb Crew^^

WWPB2D

Nothing worthwile is ever easy.

The beatings will continue until morale improves.
post 1593791561 12-18-2019, 09:09 AM
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#218
  1. RIKTER
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Originally Posted By Maestro⏩
So, you're basically telling them to just "deal with it" or lay down and rot?

This mentality is why candidates like bernie have any traction at all.
100% this.

The fuk 'em I got mines attitude of most non religious right leaning voters is one of the reasons we will die out, which is why I would prefer to find solutions.
post 1593792971 12-18-2019, 09:28 AM
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#219
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Didn't join military.

Took out loans. Been paying back ~$400/month for 6 years. Looking at payoff calc - I will pay double what I took out. I'm okay with it.

I went working retail/construction making $25k-35k/year to making well over 6 figs. Can afford a nice house, save, lifestyle is much better. Even tossing extra at student loans I'll still be raped due to how long it took for me to get here but I'll take my lifestyle and potential ceiling over where I was prior. It sucks but I'm not gunna bitch about it.

*Edit - however, if I didn't have a successful career I could see how I could be salty about it. It does suck - moreso what makes me mad is how the government backs all student loans regardless if students fault or not the issuers (banks, credit unions, institutions, etc.) have no risk so they can hand out loans to whoever apply for em which raises the rates and fees for them to capitalize as it's been fuked with.

I've said this in other threads - I'm down with subsidizing certain degrees/skills/knowledge in need, not just a flat out hand out to anyone who wants it. I.E. - if we are running short on doctors/engineers, etc. then let's talk about subsidizing it but there needs to be a LOT of discussion and guidelines before I am on board, same goes with skills. Electricians/plumbers/mechanics - Wyotech ain't cheap. Overall though I think it can get sticky and turn into a can of worms so I am more inclined to get the gov the fuk outta it.
"We are what we repeatedly do. Excellence then, is not an act, but a habit." -Will Durant
"Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure." - Marianne Williamson
"He who makes a beast out of himself gets rid of the pain of being a man." - Samuel Johnson
"It's not over UNTIL I WIN!" - John-leslie Brown (Son of Les Brown)
post 1593796621 12-18-2019, 10:15 AM
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#220
  1. chaunce54
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Originally Posted By RIKTER⏩
100% this.

The fuk 'em I got mines attitude of most non religious right leaning voters is one of the reasons we will die out, which is why I would prefer to find solutions.
But perfectly fine with "Fuk you for doing things right and actually paying, now pay for us too".
^^Former 300+lb Crew^^

WWPB2D

Nothing worthwile is ever easy.

The beatings will continue until morale improves.
post 1593797591 12-18-2019, 10:27 AM
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#221
  1. rectifryer
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Originally Posted By chaunce54⏩
Depends on when you were in. It wasn't always like that.
it's been like this for a long fukking time mate.
Boycott foodservice industry crew
post 1593798061 12-18-2019, 10:33 AM
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#222
  1. chaunce54
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Originally Posted By rectifryer⏩
it's been like this for a long fukking time mate.
It wasn't like that when I was in mate.

But I guess that was a long fukkin time ago lol
^^Former 300+lb Crew^^

WWPB2D

Nothing worthwile is ever easy.

The beatings will continue until morale improves.
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