Forums - Gaming Discussion - Student loans debate - fair game for students?

VGPolyglot said:
Egelo said:

what does it matter, i took a loan and im paying it.  

Entitled cucks need to take responcibility for their actions.   Nothing is free.  Pay your shit.

Anwser my question, what type of people cant pay a loan ? are these tuitions in the millions now.  

Well, you didn't answer my question, so how am I supposed to respond to your statement without that information? Also, considering that you used the word cuck, I assume that you're some alt-right guy that just doesn't give a shit about poor people.

i dont give a shit about lazy entitled fools, what type of idiots cant figure out what a 50k loan will cost them monthly after they are done school ???

You dot need my personal info to say what type of worthelss peope take loans that they cant pay.  Its common sense.  I didnt get a aston martin casue i couldnt afford it, i got a bmw that i could. 

Im not gonna take a tuition loan of 100k if i know i wont be able to pay it, exlain what type of idiots take a loans they cant pay ?

 



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Egelo said:
VGPolyglot said:

Well, you didn't answer my question, so how am I supposed to respond to your statement without that information? Also, considering that you used the word cuck, I assume that you're some alt-right guy that just doesn't give a shit about poor people.

i dont give a shit about lazy entitled fools, what type of idiots cant figure out what a 50k loan will cost them monthly after they are done school ???

You dot need my personal info to say what type of worthelss peope take loans that they cant pay.  Its common sense.  I didnt get a aston martin casue i couldnt afford it, i got a bmw that i could. 

Im not gonna take a tuition loan of 100k if i know i wont be able to pay it, exlain what type of idiots take a loans they cant pay ?

 

So my hunch is right. You believe that poor people are worthless, so obviously you wouldn't look into or care about their struggles at all. Also, it's not like a loan stays that amount. There's interest too, so while a loan may not start out so big if people are struggling to pay for it it'll get bigger and bigger to the point that they'll never be able to pay it off.



VGPolyglot said:

So my hunch is right. You believe that poor people are worthless, so obviously you wouldn't look into or care about their struggles at all. Also, it's not like a loan stays that amount. There's interest too, so while a loan may not start out so big if people are struggling to pay for it it'll get bigger and bigger to the point that they'll never be able to pay it off.

I beleive stupid and foolish peopel are worthless them being poor or rich means shit all to me, and i sure as hell dont pay taxes to bail either one out when they fuck up.  

So they didnt take that into consideration. They got into to much debt.  They are to pathetic to men up and pay what needs to be payed.

So its settled they are idiots, higly educated ones lol but worthless idiots that cant take responcibility for their actions/choices.  



How do you embed youtube videos here?



Everything's a business nowadays and money is the only god.



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LurkerJ said:
Cirio said:

Well the end result is that I will be a doctor and will be making a doctor's salary. Plus if the debt is too bothersome then I can always practice medicine in a rural community for 5 years and have the state pay off all of my loans. 

And my total debt will be closer to $400,000 when it's all said and done because of undergrad + masters tuition that I have to pay off too. It's a viscious cycle but if it's towards something rewarding, then I think it's worth it.

Half a million! Damn... Do all doctors take that path?

A personal question, how old are you? 

Yes, many of them do have debt anywhere for 200K to 500K when they graduate from medical school. That's why I always scoff at people when they say doctors make too much money and should get paycuts.

I'm 24.



Among my peers I am fortunate in that I had scholarships and worked through school to graduate with $0 in debt. It wasn't easy, and I was definitely a poor student who had to consider every purchase, but now in my 30s I am so much better off than others I know.

I think the issue I see is so many people of the prior generation were told university is this golden ticket to get to middle class. This created an arms race or bubble where the market was distorted because parents were saving earlier and earlier. I have friends right now that have two years into their kids college fund...and they don't even have a kid yet meaning the fund will start anywhere from 3 to 6 years before the kid is born.

I look at my friends and I see a few cases in regards to viewing education from a purely financial value.

1. Good - Friend is an engineer and very smart. Graduated with 100K in debt, but started work making ~75K and now makes ~130K. The point is his degree and hard work afforded him knowledge and skills that make paying down his debt manageable. He will be debt free by 38 (15 years after graduating).

2. Bad - Friend is in sales and also quite smart. Graduated with 60K in debt, but struggled to find work (it was 2009) and had to have income. Started for ~25K, has worked up to ~40K after seven years. They struggle to pay off student loans and have options limited due to constant financial pressure. They will have their loan paid off at age 43 (20 years after graduating).

One problem I see is many 18-22 year old frankly don't understand money. They don't understand interest rates and the fact a $30K loan could end up costing them $10-20K in interest over 15-30 years. An honest conversation needs to be had about evaluating it from a financial perspective. Going to expand your mind? Great. Going to ensure higher income and great ROI? Maybe debate what your major and career field is. From my experience so many young people are immediately limited due to managing debt. They have to take a job, or pass on a great opportunity or cannot afford to take a step back.

My guess is in next 20 years there will have to be a correction as cost is unsustainable and the bubble will burst.



LadyJasmine said:
The issue is everyone gets college degrees we will simply have college educated Janitors.


We need to ensure people get training in carpentry jobs too.

How is this a bad thing though? Isn't an educated populace a good thing? Sure maybe their occupation may not utilize what they learned, but I don't see how that's problematic. I didn't use 50% of the course material I was required to take and I've been a professional for 6 years at this point. That material I don't use is still very valuable to me because it helps me understand reality better.



I guess I don't understand it from my experiences. I graduated in 2007 and after going abroad for a year I tried to find a job at a bank right during the financial crisis. I had 40k in debt, It was tough at first and after some searching I just became a truck driver, it didn't require any education and I could have done it at age 21. I saved enough money in 4 years to pay off my student loans, I didn't actually pay it off until this year because I prefer to keep some savings instead of dumping all my money to pay off debt.

At first I thought of truck driving as a temporary thing until I could get a job at the bank, but I liked being a truck driver too much and just stayed with it. It's not over the road, i get to go home every day and I make enough to support my wife who is a stay at home mom and daughter.

My only regret now is that I didn't just do that to begin with, because I could have probably paid off my house by now If I had just started at age 21 and not gone to college.

I did have a great time in college though, most fun of my life but not worth the cost.



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

In Canada I think it's quite fair. Our education is not that expensive, and applying for assistance makes it so much cheaper.



    

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