Pay Your Debts Snowflakes- Student Loans Just Got A Lot More Expensive

[EverCurious]

Bleh sent before I wrapped that up.

My point here is that we're talking about masses of people who are not even willing to quit their minimum wage job to go get a job in another location that pays more. They demand higher pay all over the place the whole $15/h thing, but /they/ are not willing to put in the /actual/ effort that it takes to make more. Which includes moving, showing up on time, working hard, putting in extra effort, and climbing the hated corporate ladder. Most of these fruit loops coming out of college these days are just not cut out to be on the upper rungs - harsh fact, but sorry it's the truth. So there is really little point to them picking up a massive bill for a college education when they're not going to use it. This blind push to get a degree is reckless and doesn't plan for reality, it's just some weird mental click people got into (frankly I think it's liberal arrogance) The truth is if you've no aspirations of being a manager or a CEO (because you ******* hate them) then getting a business degree because it pays well is stupid. If you don't know where you are going in your long term career then rushing into college to collect your $40k bill, is just a stupid idea...

 

[The Sage of Main Street]

This thread is about a raise in school loans, not how it started..

School loans were never intended to be to the students. They were intended for the parents, and the purpose was to allow those parents to INVEST their college savings funds while the student was attending school.

I have 2 boys in college right now who both have college funds and savings... The expense of college today , is what a Doctoral Degree was 15-20 years ago..And just made worse with this damn hurdle for them to get over..

No one unless if you are rich can save that, so they have to take out a loan.

.

If the gov hadnt gotten involved college would be far more affordable and you wouldnt need those astronomical loans.

I do not think you can blame the government. The fault lies in the false belief that everyone needs a college education. The high cost of college is driven by the "competition" for students, many who have no business being in college. The high cost is not driven by professor salaries, it is driven by plush student unions, luxury dorms, and in some cases--swimming pools and free ice cream.

And who pushes that narrative?
The government.
It's really pretty simple. The gov offered guaranteed loans and the colleges jacked up their rates because of it.

Pay Us or We Will Make Their Preppie Sons Pay

As a substitute for paying taxes, corporations should recruit Blue Chip high-school scholars and offer them a high salary plus paid-up tuition. The present system only motivates the shallow end of the talent pool.

Derek Jeter got $900,000 to put himself through baseball's equivalent of college education. Let's say things were reversed and he was offered what superior mental talent is offered. He'd have to take out a loan to pay the minor league clubs to train him. For living expenses, the few thousand he could make from menial low-wage offseason jobs would have to last him the whole year.

 

[The Sage of Main Street]

[QUOTE="HereWeGoAgain, post: 17236246, me

You know that makes zero sense right?[/QUOTE]
College Is for Teenagers Who Are Afraid to Grow Up

Getting a job just because you can go four or more years without a job makes no sense. That's all college "education" means. It's called a "Big Lie": something absurd that is only believed because the plutocratic parasites' overwhelming brainwashing tells you it makes sense.

 

[The Sage of Main Street]

Gee, wonder why?

They learned from their deadbeat parents who signed up for home loans only cry foul later and expect handouts.

Who says you have to pay debts you sign in your name?

-Geaux
------------

Snowflakes looking to take out massive student loans for next year to fund the $50,000 price tag of their liberal bastion of choice, and maybe the occasional binge-drinking trip to Cancun for Spring Break, are about to get a little price hike. But, don't worry, you won't have to start paying on those loans for at least 4 years.

Beginning in July, interest rates on new federal student loans are set to rise by 0.69%, per data published by the Treasury, which would drive the interest cost of new undergraduate loans up to 4.45% from 3.76% for the academic year ending in June, a nearly 20% increase off an historically low base. Meanwhile, rates on some graduate loans are set to rise from 5.31% to 6% and rates on loans to parents and guardians are due to jump from 6.31% to 7%. As an example, the cost of a $10,000 loan would increase by about $400, according to an online calculator maintained by Bankrate.com.

Of course, these higher borrowing costs shouldn't be that big of a deal as some 44 million Americans only owe $1.4 trillion on their student loans, or a modest average of only $32,000 per borrower.



Student Loans Just Got A Lot More Expensive For Our Snowflakes | Zero Hedge

No Child Left Behind Meltdown

But if gaming the system was the primary way many schools dealt with the law, others went straight to cheating. Superintendents, principals and teachers routinely committed deliberate and willful fraud to get scores that would bring money to their schools in violation of the clear provisions of the law. Another one of these scandals has erupted in Georgia. The New York Times reports:

A Seed Won't Grow by Being Spit On

The smartest kids can blackmail their principals by refusing to get high test scores unless the learning structure is changed. The education bosses better find a way to make it so that the other kids will look up to High IQs the same way they now do to athletic heroes. The way things have been, the nerdbashers are being manipulated by the Educationists into treating brains as freaks and losers.

 

[MindWars]

Gee, wonder why?

They learned from their deadbeat parents who signed up for home loans only cry foul later and expect handouts.

Who says you have to pay debts you sign in your name?

-Geaux
------------

Snowflakes looking to take out massive student loans for next year to fund the $50,000 price tag of their liberal bastion of choice, and maybe the occasional binge-drinking trip to Cancun for Spring Break, are about to get a little price hike. But, don't worry, you won't have to start paying on those loans for at least 4 years.

Beginning in July, interest rates on new federal student loans are set to rise by 0.69%, per data published by the Treasury, which would drive the interest cost of new undergraduate loans up to 4.45% from 3.76% for the academic year ending in June, a nearly 20% increase off an historically low base. Meanwhile, rates on some graduate loans are set to rise from 5.31% to 6% and rates on loans to parents and guardians are due to jump from 6.31% to 7%. As an example, the cost of a $10,000 loan would increase by about $400, according to an online calculator maintained by Bankrate.com.

Of course, these higher borrowing costs shouldn't be that big of a deal as some 44 million Americans only owe $1.4 trillion on their student loans, or a modest average of only $32,000 per borrower.



Student Loans Just Got A Lot More Expensive For Our Snowflakes | Zero Hedge

No Child Left Behind Meltdown

But if gaming the system was the primary way many schools dealt with the law, others went straight to cheating. Superintendents, principals and teachers routinely committed deliberate and willful fraud to get scores that would bring money to their schools in violation of the clear provisions of the law. Another one of these scandals has erupted in Georgia. The New York Times reports:

A Seed Won't Grow by Being Spit On

The smartest kids can blackmail their principals by refusing to get high test scores unless the learning structure is changed. The education bosses better find a way to make it so that the other kids will look up to High IQs the same way they now do to athletic heroes. The way things have been, the nerdbashers are being manipulated by the Educationists into treating brains as freaks and losers.

What else is funny I've noticed kids taught at home, are way beyond their public school peers, they are better behaved, they do have higher IQ's and are well rounded.

 

[OnePercenter]

Damn it all!! Why didnt barry fix this problem when he had the chance!!!!

He had a Conservative Congress that made obstruction their governing ideology, with state governments following that trend.

We were promised the tax cuts would pay for themselves. They didn't. So why are we listening to the people who made those promises?

I didn't write that.

 

[OnePercenter]

Gee, wonder why?

They learned from their deadbeat parents who signed up for home loans only cry foul later and expect handouts.

Who says you have to pay debts you sign in your name?

-Geaux
------------

Snowflakes looking to take out massive student loans for next year to fund the $50,000 price tag of their liberal bastion of choice, and maybe the occasional binge-drinking trip to Cancun for Spring Break, are about to get a little price hike. But, don't worry, you won't have to start paying on those loans for at least 4 years.

Beginning in July, interest rates on new federal student loans are set to rise by 0.69%, per data published by the Treasury, which would drive the interest cost of new undergraduate loans up to 4.45% from 3.76% for the academic year ending in June, a nearly 20% increase off an historically low base. Meanwhile, rates on some graduate loans are set to rise from 5.31% to 6% and rates on loans to parents and guardians are due to jump from 6.31% to 7%. As an example, the cost of a $10,000 loan would increase by about $400, according to an online calculator maintained by Bankrate.com.

Of course, these higher borrowing costs shouldn't be that big of a deal as some 44 million Americans only owe $1.4 trillion on their student loans, or a modest average of only $32,000 per borrower.



Student Loans Just Got A Lot More Expensive For Our Snowflakes | Zero Hedge

No Child Left Behind Meltdown

But if gaming the system was the primary way many schools dealt with the law, others went straight to cheating. Superintendents, principals and teachers routinely committed deliberate and willful fraud to get scores that would bring money to their schools in violation of the clear provisions of the law. Another one of these scandals has erupted in Georgia. The New York Times reports:

A Seed Won't Grow by Being Spit On

The smartest kids can blackmail their principals by refusing to get high test scores unless the learning structure is changed. The education bosses better find a way to make it so that the other kids will look up to High IQs the same way they now do to athletic heroes. The way things have been, the nerdbashers are being manipulated by the Educationists into treating brains as freaks and losers.

What else is funny I've noticed kids taught at home, are way beyond their public school peers, they are better behaved, they do have higher IQ's and are well rounded.

Parental involvement whether public, private, or home school is the answer.

 

[The Sage of Main Street]

Gee, wonder why?

They learned from their deadbeat parents who signed up for home loans only cry foul later and expect handouts.

Who says you have to pay debts you sign in your name?

-Geaux
------------

Snowflakes looking to take out massive student loans for next year to fund the $50,000 price tag of their liberal bastion of choice, and maybe the occasional binge-drinking trip to Cancun for Spring Break, are about to get a little price hike. But, don't worry, you won't have to start paying on those loans for at least 4 years.

Beginning in July, interest rates on new federal student loans are set to rise by 0.69%, per data published by the Treasury, which would drive the interest cost of new undergraduate loans up to 4.45% from 3.76% for the academic year ending in June, a nearly 20% increase off an historically low base. Meanwhile, rates on some graduate loans are set to rise from 5.31% to 6% and rates on loans to parents and guardians are due to jump from 6.31% to 7%. As an example, the cost of a $10,000 loan would increase by about $400, according to an online calculator maintained by Bankrate.com.

Of course, these higher borrowing costs shouldn't be that big of a deal as some 44 million Americans only owe $1.4 trillion on their student loans, or a modest average of only $32,000 per borrower.



Student Loans Just Got A Lot More Expensive For Our Snowflakes | Zero Hedge

No Child Left Behind Meltdown

But if gaming the system was the primary way many schools dealt with the law, others went straight to cheating. Superintendents, principals and teachers routinely committed deliberate and willful fraud to get scores that would bring money to their schools in violation of the clear provisions of the law. Another one of these scandals has erupted in Georgia. The New York Times reports:

A Seed Won't Grow by Being Spit On

The smartest kids can blackmail their principals by refusing to get high test scores unless the learning structure is changed. The education bosses better find a way to make it so that the other kids will look up to High IQs the same way they now do to athletic heroes. The way things have been, the nerdbashers are being manipulated by the Educationists into treating brains as freaks and losers.

What else is funny I've noticed kids taught at home, are way beyond their public school peers, they are better behaved, they do have higher IQ's and are well rounded.

Parental involvement whether public, private, or home school is the answer.

Drill, Baby, Drill!

Lack of parental involvement doesn't hurt school athletes. My parents despised sports, yet I became as good as my natural talent let me be. This evasion has been preached for decades and gotten us nowhere. The real motivation is to discredit publicly paid servants and leave us dependent on our parents' income. Another scam by the enemies of democracy who want to turn us into a hereditary tyranny.

The most successful teacher is the coach. Those who blame parents would have him demonstrate a layup, for example, and then tell his team to go home and practice it on their own, adding, "I hope your parents care about your sports development and make sure that you practice."

Along those lines, the classes should be divided into teams. The team scoring highest on quizzes should get Friday off, the one with the lowest score has to come in on Saturday.

 

[MindWars]

[QUOTE="HereWeGoAgain, post: 17236246, me

You know that makes zero sense right?

College Is for Teenagers Who Are Afraid to Grow Up

Getting a job just because you can go four or more years without a job makes no sense. That's all college "education" means. It's called a "Big Lie": something absurd that is only believed because the plutocratic parasites' overwhelming brainwashing tells you it makes sense.[/QUOTE]


I think they very best way to get a really good job is hands on training like back in the day.

College has become nothing but a scam all created to rake in money from the Gov . to the education system. By creating this system guess who makes big bucks off it all. Why people can't piece this bs together is beyond me.

Just like ppl can't put together the medical industry/ big pharma creating all these meds for people to take which keeps them in the money making scam as well. Keep you sick , keeps them rich.

 

[MrShangles]

And we have these white hill billies that admire ignorance. Well, they definately put their man in the White House.

Trumps only been in office about 110 days, how is this on him and not Obama, oh im sorry can't be Obama , it was probably Bush.


Sent from my iPhone using Tapatalk

 

[OnePercenter]

[QUOTE="HereWeGoAgain, post: 17236246, me

You know that makes zero sense right?

College Is for Teenagers Who Are Afraid to Grow Up

Getting a job just because you can go four or more years without a job makes no sense. That's all college "education" means. It's called a "Big Lie": something absurd that is only believed because the plutocratic parasites' overwhelming brainwashing tells you it makes sense.

I think they very best way to get a really good job is hands on training like back in the day.

College has become nothing but a scam all created to rake in money from the Gov . to the education system. By creating this system guess who makes big bucks off it all. Why people can't piece this bs together is beyond me.

Just like ppl can't put together the medical industry/ big pharma creating all these meds for people to take which keeps them in the money making scam as well. Keep you sick , keeps them rich.

Lack of adequate wages is the number one problem facing the middle class. Promoting Republicans continues the wage problem.

 

[HereWeGoAgain]

[QUOTE="HereWeGoAgain, post: 17236246, me

You know that makes zero sense right?

College Is for Teenagers Who Are Afraid to Grow Up

Getting a job just because you can go four or more years without a job makes no sense. That's all college "education" means. It's called a "Big Lie": something absurd that is only believed because the plutocratic parasites' overwhelming brainwashing tells you it makes sense.

I think they very best way to get a really good job is hands on training like back in the day.

College has become nothing but a scam all created to rake in money from the Gov . to the education system. By creating this system guess who makes big bucks off it all. Why people can't piece this bs together is beyond me.

Just like ppl can't put together the medical industry/ big pharma creating all these meds for people to take which keeps them in the money making scam as well. Keep you sick , keeps them rich.

Lack of adequate wages is the number one problem facing the middle class. Promoting Republicans continues the wage problem.

Than stop importing labor.

 

[Dragonlady]

And in the meantime, China, South Korea, and many other nations provide free higher education to those that can qualify and have the ambition to do the work. And now China is getting more new patents than the US. And little South Korea is graduating more engineers than we are.

Yes, real Goddamned smart for this nation to not educate it's people. You 'Conservatives' are so ******* retarded.

Two key words: that qualify

They let just anybody into college these days whether they are college material or not.

It's all about making money off of them, and if they default, taxpayers pick up the tab.

It's an outrage!

When I was growing up, kids feared "flunking out of college". Today, nobody flunks out. College professors are told that if a student fails a course, it's the teacher's fault and will reflect on their performance reviews.

Colleges need tuition money. Nobody flunks out because the schools need them to pay tuition. A friend of mine who teaches at a small school in the Midwest was talking with her Dean about a student who was given a failing grade. Her comment was that she couldn't pass the student unless he showed up for classes occasionally and handed in assignments, as due. The Dean encouraged her to reach out to the student to see if he needed additional help from his instructor.

And we wonder where kids get their sense of entitlement from.

 

[Marion Morrison]

And in the meantime, China, South Korea, and many other nations provide free higher education to those that can qualify and have the ambition to do the work. And now China is getting more new patents than the US. And little South Korea is graduating more engineers than we are.

Yes, real Goddamned smart for this nation to not educate it's people. You 'Conservatives' are so ******* retarded.

Two key words: that qualify

They let just anybody into college these days whether they are college material or not.

It's all about making money off of them, and if they default, taxpayers pick up the tab.

It's an outrage!

When I was growing up, kids feared "flunking out of college". Today, nobody flunks out. College professors are told that if a student fails a course, it's the teacher's fault and will reflect on their performance reviews.

Colleges need tuition money. Nobody flunks out because the schools need them to pay tuition. A friend of mine who teaches at a small school in the Midwest was talking with her Dean about a student who was given a failing grade. Her comment was that she couldn't pass the student unless he showed up for classes occasionally and handed in assignments, as due. The Dean encouraged her to reach out to the student to see if he needed additional help from his instructor.

And we wonder where kids get their sense of entitlement from.

I could swear I disagree with you on everything else. Not this though. Tuition and books should be 1/5 or more or more of what they are.

They were for me. This is outrageous.

 

[OnePercenter]

[QUOTE="HereWeGoAgain, post: 17236246, me

You know that makes zero sense right?

College Is for Teenagers Who Are Afraid to Grow Up

Getting a job just because you can go four or more years without a job makes no sense. That's all college "education" means. It's called a "Big Lie": something absurd that is only believed because the plutocratic parasites' overwhelming brainwashing tells you it makes sense.

I think they very best way to get a really good job is hands on training like back in the day.

College has become nothing but a scam all created to rake in money from the Gov . to the education system. By creating this system guess who makes big bucks off it all. Why people can't piece this bs together is beyond me.

Just like ppl can't put together the medical industry/ big pharma creating all these meds for people to take which keeps them in the money making scam as well. Keep you sick , keeps them rich.

Lack of adequate wages is the number one problem facing the middle class. Promoting Republicans continues the wage problem.

Than stop importing labor.

I agree, corporate America should stop importing labor. The wage problem is caused by corporate greed.

 

[OnePercenter]

And in the meantime, China, South Korea, and many other nations provide free higher education to those that can qualify and have the ambition to do the work. And now China is getting more new patents than the US. And little South Korea is graduating more engineers than we are.

Yes, real Goddamned smart for this nation to not educate it's people. You 'Conservatives' are so ******* retarded.

Two key words: that qualify

They let just anybody into college these days whether they are college material or not.

It's all about making money off of them, and if they default, taxpayers pick up the tab.

It's an outrage!

When I was growing up, kids feared "flunking out of college". Today, nobody flunks out. College professors are told that if a student fails a course, it's the teacher's fault and will reflect on their performance reviews.

Colleges need tuition money. Nobody flunks out because the schools need them to pay tuition. A friend of mine who teaches at a small school in the Midwest was talking with her Dean about a student who was given a failing grade. Her comment was that she couldn't pass the student unless he showed up for classes occasionally and handed in assignments, as due. The Dean encouraged her to reach out to the student to see if he needed additional help from his instructor.

And we wonder where kids get their sense of entitlement from.

Hey Pravda pig, quit spewing your lies. Every schools academic requirement are clearly stated on their websites.

 

[Virginia Mom]

How is any education free? The buildings, electricity, heat, property taxes, teachers, books, computers, etc., there is no charge for any of this? All of this is free, given out of the goodness of someone's heart? My mom worked a full time job and two part times jobs to get my brother through med school, this was with scholarships. It took a toll on her, but she did it. No one expected anything for free then, what a different world now, when free means someone (taxpayers} pay for you.

 

[HereWeGoAgain]

[QUOTE="HereWeGoAgain, post: 17236246, me

You know that makes zero sense right?

College Is for Teenagers Who Are Afraid to Grow Up

Getting a job just because you can go four or more years without a job makes no sense. That's all college "education" means. It's called a "Big Lie": something absurd that is only believed because the plutocratic parasites' overwhelming brainwashing tells you it makes sense.

I think they very best way to get a really good job is hands on training like back in the day.

College has become nothing but a scam all created to rake in money from the Gov . to the education system. By creating this system guess who makes big bucks off it all. Why people can't piece this bs together is beyond me.

Just like ppl can't put together the medical industry/ big pharma creating all these meds for people to take which keeps them in the money making scam as well. Keep you sick , keeps them rich.

Lack of adequate wages is the number one problem facing the middle class. Promoting Republicans continues the wage problem.

Than stop importing labor.

I agree, corporate America should stop importing labor. The wage problem is caused by corporate greed.

The greedy government allows it to happen.

 

[JoeB131]

Two key words: that qualify

They let just anybody into college these days whether they are college material or not.

It's all about making money off of them, and if they default, taxpayers pick up the tab.

It's an outrage!

You know what you might have a point, rather than the one on your head.

College is too expensive. But you can't get a job without a degree these days.

 

[JoeB131]

How is any education free? The buildings, electricity, heat, property taxes, teachers, books, computers, etc., there is no charge for any of this? All of this is free, given out of the goodness of someone's heart? My mom worked a full time job and two part times jobs to get my brother through med school, this was with scholarships. It took a toll on her, but she did it. No one expected anything for free then, what a different world now, when free means someone (taxpayers} pay for you.

But then again, why should she have had to have done that? We need doctors in this country, and we aren't producing enough of them so we have to import them. We also aren't producing enough engineers, scientists or technicians.

It seems to me that what we need to do is instead of making a bachelor's degree a glorified HS Diploma, we need to put a concentration on using our colleges to produce the specialists we need, and that should be based on qualifications, not ability to pay or willingness to put yourself into debt for life to get there.