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Obama's student loan program.

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Posted

Amazing how the Huddlers complaining about this are those who barely got thru their GED classes, let alone even considered college.

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Posted

Well sure but people that have taken out, say 30,000 for four years can have a decent paying job that involves their major and still by stuck paying 500 bucks or so a month. That is a car payment, or even the rent in some places (half of the rent in other places).

We're asking people to pay enormous amounts of money when its not feasible in most cases. Even doctors complain about student loan debt repayment

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Choices. Its all about choices.

Dont bite off more than you can chew.

At the rate we are going just make it free and you start off making 35 an hour.

Things have costs and value sets for a reason.

Some reasonable fixes can happen but more and more our collective society wants something for nothing.

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Posted

Amazing how the Huddlers complaining about this are those who barely got thru their GED classes, let alone even considered college.

 

I would pie this double if I could. I personally don't have any student loans (joined the military a month after high school) but I have seen many young men and women obviously not cut out for the military willing to join up and fight in a war just to pay off student loans. That is saying something.

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Posted

Choices. Its all about choices.

Dont bite off more than you can chew.

At the rate we are going just make it free and you start off making 35 an hour.

Things have costs and value sets for a reason.

Some reasonable fixes can happen but more and more our collective society wants something for nothing.

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were you single? or were you married with kids?

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Posted

for comparison

 

average income of 1970 was about 10,000 annually.

tuition costs were somewhere around 2,350.

 

that is 23.5% of annual income. Sizeable but not insurmountable.

 

 

 

average income of 2014 was about 47,000 annually

tuition costs are around 40,594.

 

that is 86% of expected annual income. A daunting task at best.

 

 

One guy said he paid off his student loan in 12 months. That would be an impressive feat. hard to imagine paying for rent, a car, basic utilities and food from 14% of income. I would love to see a financial breakdown of that one.

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Posted

maybe people should stop spending 40k to become art majors

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Posted

maybe people should stop spending 40k to become art majors

Because only art majors are struggling. There are doctors that are struggling to juggle repayment as well as take care of their families. Google how much Primary Care doctors make. Now consider most owe 300,000 k in loans, before interest or taxes.

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Posted

that's just dumb

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Posted

Why yes.

- Previous generations

Well if this doesnt show how out of touch people can be with current times idk what does.

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Posted

were you single? or were you married with kids?

both

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Posted

Well if this doesnt show how out of touch people can be with current times idk what does.

How?

What do you expect to make out of college?

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Posted

for comparison

average income of 1970 was about 10,000 annually.

tuition costs were somewhere around 2,350.

that is 23.5% of annual income. Sizeable but not insurmountable.

average income of 2014 was about 47,000 annually

tuition costs are around 40,594.

that is 86% of expected annual income. A daunting task at best.

One guy said he paid off his student loan in 12 months. That would be an impressive feat. hard to imagine paying for rent, a car, basic utilities and food from 14% of income. I would love to see a financial breakdown of that one.

Don't go to a private college and you won't be paying $ 40k a year in tuition. You can go in state for $20k a year including tuition, fees, room, board etc.

It is the idiots paying $50k a year in a major that has little income earning potential at a small liberal arts school that are the problem

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