How Student Debt Can Ruin Home Buying Dreams
https://www.nytimes.com/2018/05/25/business/how-student-debt-can-ruin-home-buying-dreams.html
https://www.nytimes.com/2018/05/25/business/how-student-debt-can-ruin-home-buying-dreams.html
qwerty said:And the government needs to stop guaranteeing student debt to keep costs from continuing to spiral out of control. As long as this is the case, colleges will just continue to raise tuition at ridiculous annual rates
Paris said:qwerty said:And the government needs to stop guaranteeing student debt to keep costs from continuing to spiral out of control. As long as this is the case, colleges will just continue to raise tuition at ridiculous annual rates
THIS is everything. It is the solution. And we need to stop handing out hundreds of thousands of dollars to people like it's candy. If I make $40,000 a year, a credit card company would be insane to give me an unlimited credit line so I can rack up $400k or $500k in debt. But that's what these private school loan lenders are doing now simply because it's backed by the government. WHY would you allow a sociology major to take out $200-300k in student loans? Fine if you give that credit line to a kid going to medical school or law school that will have the high income earning potential.
And I don't understand all the whining. YOU borrowed the money, did you not think you'd have to pay it back? Everybody wants their student loans "forgiven" - typical American attitude. Let me borrow all this $$ but I didn't know I'd have to pay it back. can't I just file bankruptcy and make it all go away so that I can go back to spending irresponsibly on the latest iPhone and the newest flat screen high def TV.
I worked my ass off to pay my $300k of student loans off. A lot of sacrifice and budgeting but I paid off every dime with hard work. When I borrowed the $$ I knew I had to pay it off. I wasn't expecting the government to bail me out, "forgive" my debt. So I have no sympathy for these whiners...
bones said:Lots of ?soft? majors like sociology, art history, other liberal arts on Wall Street and in tech from the Ivy?s. Don?t hate the major. Hate the schools.
eyephone said:Paris
There are ?some? companies that hire from overseas because they can get someone for less pay. (Believe me, trust me I know)
Paris said:eyephone said:Paris
There are ?some? companies that hire from overseas because they can get someone for less pay. (Believe me, trust me I know)
Oh I don?t doubt that. But there is also a shortage of people skilled in STEM locally. So higher skill set, non-entitled attitude, hard workers, lower pay = no brainer. Wouldn?t you higher outside the US too if you were the CEO?
qwerty said:One of the many problems with college is the countless useless majors. Perhaps this is done already colleges should be required to show kids how much money they will make in their desired field/major and how long it will take to pay of their debt and perhaps telling them the probability of landing a job in their field.
There needs to be more trade schools and this whole concept of GEs needs to go out the window.
And the government needs to stop guaranteeing student debt to keep costs from continuing to spiral out of control. As long as this is the case, colleges will just continue to raise tuition at ridiculous annual rates
eyephone said:Paris view the CBS video. The guy got replaced for half of his salary and no benefits.
Another guy at Disney had to train his replacement. The CEO of Disney said having their employees training their replacement was a mistake and he feels sorry for that and apologizes for that.
There you go-yo.