Is the next debacle of the American dollar going to be due to student loans?

[opie1988]

That's it, Deuce.

Because of your insistence on spreading your negativity to our younger forum members.....you have left me no choice.

I will be giving you an Atomic Wedgie at the lake this 4th of July.

Sorry, pal.

Get over yourself, Deuce.

Tell me.... What is the upside to this
thread?

[Deuce]

That's it, Deuce. Because of your insistence on spreading your negativity to our younger forum members.....you have left me no choice. I will be giving you an Atomic Wedgie at the lake this 4th of July. Sorry, pal. Get over yourself, Deuce. Tell me.... What is the upside to this thread?

Upside is to open your fukking eyes and realize you're being skull fukked to attend school. Brainwashed to enter school because it is the thing to do but in reality when you get out you're worse off than before because you're a mortgage in debt before even buying a home. You're bread from youth to think once you get into a good college and do well you will get out and have all the money in the world and whores bouncing on your rooster. You get out with your rooster in your hand and a knapsack over your shoulder. YOU GET OVER YOURSELF. Open your fukkin eyes and realize how fukked we actually are. Stop thinking you're invisible to this chaos and it is just propaganda. Some is, all is not. The government has the market capped on student loans because they generate their own interest rates to make money off loans themselves, in return they have driven up the cost of attendance because the school itself has a 90/10 rule on funding, the school raises rates to keep up passing the buck off on the student. No where else in the world are students coming out of school with 100k+ in debt. American's have a disadvantage from the start.

[chemicalbrother]

it IS amazing how brainwashed high school juniors and seniors are to attend college. it's like they're embarrassed to say anything but, 'yeah i'm going to college in the fall'.

i've known some pretty dumb kids, and literally to a person they all claim they're continuing their educations...one girl that graduated last year i just saw and she said she got a 0.63 last semester at YSU. ZERO POINT SIX THREE. i told her she better figure out what she wants to do, because she's wasting money.

it's just a reflex anymore, they don't even think about it. graduate high school, start college. even the ones that either a) aren't going to make it and know it, or b) would be 100% better off just starting to build up a working history/resume.

tech/vocational schools are becoming a bit more in vogue around here, so that is definitely a positive step, but it's crazy how many young people don't even consider NOT going to college. i'm probably the first teacher in their lives that has mentioned anything but a 4-year college post-graduation.

[Deuce]

Exactly. 4.0's were unheard of in school in the 60's to 80's when school was 2k a year total even with books and room and board. Now, 100 or so per year graduate with honors but have to pay 40k for that same education minimum. Watered down education, seeing if one can follow conversation and translate what is read/said verbatim. That doesn't make you a stronger person in sense of business. It weeds out the jerkoffs for sure but there is no need for 4 years of translation. The problem is college grads are taking over lowly roles in society such as waiters and retail workers. What is left? It will become a problem for sure.

[underthe total]

Partially agree JJ. College is important, but smaller colleges are so much more worth the money than the huge expensive University. I make more money than many of my friends and I owe about 100,000 less on loans...and my party experience at college was Just as good. I left school owing about 12 grand. I work with a buddy who makes exactly what I make, and he owes 130,000 to a big university. College is supposed to be an education, not a status symbol.

i say your buddy should not have went to a university if he couldnt afford it

college is overrated

[underthe total]

going to school to learn is wonderful and anyone that has the opportunity to should...............but it is not necassary to graduate to earn.........

you can make 100k plus in a lot of fields with just training

[doublej95]

the cost of a college degree is only going to get higher as the economic slide continues. State run schools tuition continue to rise as state's cut their budgets. A 15% cut in funding to the University of North Carolina schools this year in turn the University system just raises tuition in it's 16 schools.

[opie1988]

Exactly. 4.0's were unheard of in school in the 60's to 80's when school was 2k a year total even with books and room and board. Now, 100 or so per year graduate with honors but have to pay 40k for that same education minimum. Watered down education, seeing if one can follow conversation and translate what is read/said verbatim. That doesn't make you a stronger person in sense of business. It weeds out the jerkoffs for sure but there is no need for 4 years of translation. The problem is college
grads are taking over lowly roles in society such as waiters and retail workers. What is left? It will become a problem for sure.

Again, what is the upside to this thread?

Are you honestly this fukkin' dense?

Why don't you try and actually graduate and get in the working world before telling everyone how shitty things are.

Are you really hypocritical enough to tell others not to bother wasting their time furthering their education, while you are in the process of doing just that?

Maybe the odds are 1 in 100 that will really succeed. But the fact is....someone has to be that one. Why piss on someone elses vision for their future? Anyone who says obtaining an advanced degree is a waste of time, is either a severely disenchanted burnout, or a college-aged know it all prikk who preaches about a life they have yet to experience.

I don't need to "get over myself". I know what it takes to put yourself thru school by working full-time, to start your own business in a field with an extremely high failure rate, and to bust your ass 24 hours a day 7 days a week to see that business be successful enough to provide a good life for your family.

I've done that. I'm still doing that.

So maybe give someone else a break on all your sky is falling horseshit. There's NO upside to pissing on a bunch of young guys futures before they've even had the chance to start their lives.

Or you can keep being a smart-ass prikk and make another 20k posts on a chit-chat room while spending the rest of your time chasing down Bateman's parents property taxes.

Get over your fukkin' self.

[griz]

Again, what is the upside to this thread? Are you honestly this fukkin' dense? Why don't you try and actually graduate and get in the working world before telling everyone how shitty things are. Are you really hypocritical enough to tell others not to bother wasting their time furthering their education, while you are in the process of doing just that? Maybe the odds are 1 in 100 that will really succeed. But the fact is....someone has to be that one. Why piss on someone elses vision for their future? Anyone who says obtaining an advanced degree is a waste of time, is either a severely disenchanted burnout, or a college-aged know it all prikk who preaches about a life they have yet to experience. I don't need to "get over myself". I know what it takes to put yourself thru school by working full-time, to start your own business in a field with an extremely high failure rate, and to bust your ass 24 hours a day 7 days a week to see that business be successful enough to provide a good life for your family. I've done that. I'm still doing that. So maybe give someone else a break on all your sky is falling horseshit. There's NO upside to pissing on a bunch of young guys futures before they've even had the chance to start their lives. Or you can keep being a smart-ass prikk and make another 20k posts on a chit-chat room while spending the rest of your time chasing down Bateman's parents property taxes. Get over your fukkin' self.

respect, opie

[FuzzyDunlop]

I haven't watched the video yet, but have had this conversation with tons of people, to preface a little I have 4 (5 if you want to count a double major at the Bachelor's level) degrees...to be honest, the only one I didn't feel totally raped on was my associate degree from a community college, my post grads were picked up by my employers. My aunt claims this all started ironically when the government got INTO the loan business in the first place back in the 70s. She claims that college kids could work all summer, do a little work study, get some help from Mom and Dad and be set for the year. She went to Northeastern, not really a cheap school.

[Deuce]

Again, what is the upside to this thread?

Are you honestly this fukkin' dense?

Why don't you try and actually graduate and get in the working world before telling everyone how shitty things are.

Are you really hypocritical enough to tell others not to bother wasting their time furthering their education, while you are in the process of doing just that?

Maybe the odds are 1 in 100 that will really succeed. But the fact is....someone has to be that one. Why piss on someone elses vision for their future? Anyone who says obtaining an advanced degree is a waste of time, is either a severely disenchanted burnout, or a college-aged know it all prikk who preaches about a life they have yet to experience.

I don't need to "get over myself". I know what it takes to put yourself thru school by working full-time, to start your own business in a field with an extremely high failure rate, and to bust your ass 24 hours a day 7 days a week to see that business be successful enough to provide a good life for your family.

I've done that. I'm still doing that.

So maybe give someone else a break on all your sky is falling horseshit. There's NO upside to pissing on a bunch of young guys futures before they've even had the chance to start their lives.

Or you can keep being a smart-ass prikk and make another 20k posts on a chit-chat room while spending the rest of your time chasing down Bateman's parents property taxes.

Get over your fukkin' self.

First off I never one spoke saying don't attend secondary education. I am in school, plan on finishing and going even further. Secondly, I am self made, not mommy paid. Evrything I have in my life including my education is paid by myself. Thirdly, I didn't dig up any of Batshit's personal info.

The point of this thread was to make people aware how fukked the education system is. Something needs to change.

[wtf]

not just an american problem;

£70bn student debt timebomb: Money owed will TREBLE in four years
By KATE LOVEYS
Last updated at 11:09 PM on 6th June 2011

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Student debt will treble to a staggering £70billion in four years because ministers underestimated the number of universities charging maximum fees, an official report will say today.
The scathing analysis from the Public Accounts Committee blames ministers for pushing up fees to £9,000.
MPs found that, in just four years, overall student debt will increase from the current £24billion to £70billion.

Costly exercise: Students will be saddled with thousands pf pounds of debt by the time the graduate from college
The sum – the equivalent of as much as £50,000 a student – could prohibit many from getting a mortgage or a pension.
The report also said ministers had created a funding shortfall of hundreds of millions of pounds which could bring down many institutions.
Seven are already on a secret ‘at risk register’ compiled by the Higher Education Funding Council for England.

More...
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40 UK universities are now breeding grounds for terror as hard-line groups peddle hate on campus
Thousands of students kept in dark as they apply to universities at risk
The report said the register should be made public and warned that future cutbacks could see some universities ‘shrink or even fail’.
It blamed ministers at the Department of Business, Innovation and Skills, who had assumed universities would charge an average of £7,500 a year for tuition.
However, the majority of universities are charging maximum tuition fees of £9,000 – increasing the pressure on the student loan budget. Shadow ministers and student leaders yesterday accused the Government of saddling students with unmanageable levels of debt.

Confrontation: Student protests over funding cuts have resulted in ugly scenes on London's streets in recent months
Aaron Porter, president of the National Union of Students, said: ‘Nick Clegg said before the last general election that we cannot build a future on debt but the changes he championed mean that the amount that graduates are in debt to their government could almost treble in just four years, hindering their chances to borrow for other purposes, to save for their futures or even for a pension.’
Gareth Thomas, Labour’s universities spokesman, said: ‘The Public Accounts Committee have confirmed the Government’s sums could be wrong by several hundreds of millions of pounds and that the next generation of students are facing a £70billion debt bill to pay for the unfair and unnecessary decision to treble tuition fees.
‘This is the latest independent report to call the Government’s plans into question. David Cameron and David Willetts [universities minister] need to use the coming white paper on the future of higher education to signal a substantial rethink.’
Margaret Hodge, the Labour MP who chairs the Public Accounts Committee, said: ‘Higher than forecast fees will increase the financial pressures on students.

Grim outlook: Public Accounts Committee chairman Margaret Hodge says students will come under increasing financial pressure
‘The balance of loans outstanding could rise from about £24billion currently to around £70billion by 2015-2016.’
She added that higher than expected fees will ‘leave a substantial funding gap which will either require further cuts in higher education or further resources from the Treasury’.
The report, which was based on ministry figures, also found that more universities could be at serious financial risk.
It concluded: ‘In the new funding environment, opportunities may open for some institutions but other institutions may shrink or even fail.
‘Although the funding council and the Department of Business do not see any immediate risk of institutional failure, they accept that risks are likely to grown under the new funding regime.’
Mrs Hodge called for the funding council to be given stronger regulatory powers. A spokesman for the Department of Business rejected the calls for a rethink.
‘Many universities will offer extensive fee waivers and bursaries from 2012, therefore we will not know the cost to government until late next year when students have enrolled and received their loans,’ he said.
‘By 2014-15 we expect public support for universities could rise by 10 per cent in cash terms, as institutions that attract students through high-quality courses are given the ability to thrive.’
£21BN OF STUDENT DEBT WILL NOT BE PAID BACK
Thirty per cent – or £21billion – of the student debt mountain will never be repaid, according to the parliamentary report.
And, in a situation unique to the UK, taxpayers will be left with the tab.
Student loans are granted by the publicly-funded Student Loans Company – a role fulfilled by banks throughout the rest of Europe.
The expected rate of default is based on the generous repayment schedules offered to students.
Graduates are obliged to make payments only when they earn £21,000 a year or more and have 30 years to repay the loan before it is written off.
Foreign students and women who take career breaks are likely to be the leading defaulters.
In Europe, repayment generally starts within six months and most loans have to be repaid within ten years.
New 'private Oxbridge' is accused of copying old courses
The ‘academic excellence’ of a new private university founded to rival Oxbridge has been called into question because it will teach the same syllabuses as the University of London, which charges half the price.
Fourteen celebrity professors including the philosopher AC Grayling are opening the New College of the Humanities in September 2012, charging students £18,000 a year.
The academics – who have ploughed their own money into the venture and jointly own a 54 per cent share in it – insist the fee will be reflected in ‘academic excellence’.
They promise a slew of incentives such as weekly one-to-one tutorials, a 10:1 student-to-lecturer ratio and 12 hours a week of contact time with lecturers.

Founder: Richard Dawkins
But yesterday NCH was accused of listing syllabuses on its websites that are copied from the University of London’s own web pages and are already on offer at Birkbeck, Goldsmiths and Royal Holloway for £9,000 a year, or less. The syllabuses for history, English literature and philosophy are identical.
The finding has sparked accusations of plagiarism and called into question the £18,000 a year fee.
NCH said the criticisms were ‘spurious’; they are offering University of London accredited degrees and content but will ‘tweak them’ and provide ‘a lot of additional extras’.
Professor Justin Champion, a senior historian at Royal Holloway college, has complained that the titles of modules he wrote have been reproduced on the NCH website.
‘Every university is worried about students plagiarising essays,’ he said.
‘Here we have a whole degree programme being plagiarised. I personally feel quite insulted because I wrote quite a lot of the syllabus. If the University of London didn’t exist and public money hadn’t been used to draw up these syllabuses, they wouldn’t have been able to do this, or they would have had to invest a lot of money.’
Yesterday the Government came under fire for slashing funding to state universities and creating a need for private institutions.
Critics said NCH’s move will create a two-tier education system and cream off the best academics for an education that will be restricted to the richest.
Aaron Porter, president of the National Union of Students, said: ‘This institution has been created as a reaction to the Government’s swingeing cuts to higher education funding that have seen all teaching funding removed from many humanities subjects.
‘If the Government does not hit the brakes on this rushed reform and reverse the cuts to funding, the UK’s currently world-leading public universities will be irreparably damaged.’
Gareth Thomas, Labour’s universities spokesman, commended the initiative but said: ‘I worry that high fees will deter many of the brightest and best from studying those arts, English and humanities courses that remain.’
Professor Grayling, who has resigned his position at Birkbeck to be Master of NCH, said: ‘It is legitimate for NCH, as an entirely independent institution, to provide tuition to students of University of London international programmes, as other institutions in London and around the world do.’
The 14 leading academics include evolutionary biologist Richard Dawkins.


Read more: http://www.dailymail.co.uk/news/arti...#ixzz1OXtfep4w

[Deuce]

7-0 3rd Inning OUCH

[ChuckyTheGoat]

Most kids have no business going to college, they go because it's one big party yeh for $120,000

Fukkin jerkoffs are cutting grass after they graduate

Asians and Indians get all the jobs

Some truth here. The Asians and Russians are destroying Americans.

Tuition costs are outrageous. Better hope you're wired in to have a job put in your lap. Otherwise may end poorly.

[andywend]

I still owe $17,000 think I am going to stiff. Credit has long lost its value to me. Cash rules everything around me.

Makes you want to loan this guy thousands of SBR points doesn't it, LOL? Hasn't this guy stiffed everyone under the sun in this forum as well? Anyone foolish enough to trust this guy deserves what they get.

Nearly impossible to stiff on student loans, if that's what you're referring to. Student loans can't be dismissed by bankruptcy, and the gov't will just take any tax refund you get, or will garnish your wages.

This should be the case with all loans. Funny how the government crafts legislation to protect themselves (taxes/student loans NOT forgiven in bankruptcies but everything else is).

1. Filing bankruptcy should NOT relieve your obligation of paying back what you rightfully owe.
2. Bankruptcies should remain on your credit report for the rest of your life.
3. Anyone who runs up their CCard's right before a bankruptcy filing should be criminally prosecuted with stiff jail sentences.

If these regulations were put in place, there would be far less bankruptcies.