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ChosenUnWisely

(588 posts)

54. The only difference between a student loan and home loan is the student loan is a mortgage on

Sun Feb 8, 2015, 07:37 AM

Feb 2015

ones future vice a mortgage on real property.

We all have choices in life, if I need money and I don't have any I have the following choices:

A. Obtain job and work for the money
B. Borrow the money from a financial institution
C. Commit a felony for the money
D. Borrow the money from a loan shark.
E. Have someone just give me the money
F. Sell asset to pay for what I want

These are the only choices for the vast majority of people in America and the world.

If folks choose B without thinking of all the consequences, then what should everyone do because one chooses unwisely and later regrets their choice?

Yes education loans can be expensive however even if every ones loan interest were set to zero many people would still be stressed out and depressed because of the amount of money they borrowed.

Student Loan Debt forgiveness is not gonna happen either if we start forgiving student loans then we need to start forgiving mortgage loans too.

I would love to see free education in America but it will NEVER happen as long as folks are voting for and supporting corporate candidates.

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Student loans are literally depressing people [View all] xchrom Feb 2015 OP

How come nobody wants to study what depresses me and causes me anxiety? Shrike47 Feb 2015 #1

People would be better off avoiding the loans for school. Work and go to school at the same time ChosenUnWisely Feb 2015 #2

Cost of tuition and books have made that virtually impossible. Lars39 Feb 2015 #3

All that has to happen is to implement a new way of making it work ChosenUnWisely Feb 2015 #9

Work and go to school! Lolol...I did that. Unbelievable hardship Katashi_itto Feb 2015 #4

Why was it not worth it? Did not your education enable you to obtain more money and ChosenUnWisely Feb 2015 #7

Yes it gave me a better lifestyle. The stress gave me health issues. Simple enough? Katashi_itto Feb 2015 #8

So you cannot deal with stress, ok hard for me to relate becasue I thrive on it. Sorry we are all ChosenUnWisely Feb 2015 #14

God your dim. Stress related health issues. Go play in the sandbox with someone who cares what you Katashi_itto Feb 2015 #15

I get it causes health problems but in order to work in almost every job in the world there ChosenUnWisely Feb 2015 #18

Captain obvious. Katashi_itto Feb 2015 #31

I worked and went to school and... meaculpa2011 Feb 2015 #12

I worked 35-40 hours per week and went to school my entire time titaniumsalute Feb 2015 #16

Education means more and you get more out of it when you are paying for it yourself ChosenUnWisely Feb 2015 #19

I worked full time and went to school at night yeoman6987 Feb 2015 #27

I was kind of lucky titaniumsalute Feb 2015 #38

Yeah, like 20 years for a lot of students. Yo_Mama Feb 2015 #10

See post 11. woo me with science Feb 2015 #13

I did that BubbaFett Feb 2015 #23

Seriously? abelenkpe Feb 2015 #30

I did it too: when it was much cheaper and there were more student jobs and assistantships. ND-Dem Feb 2015 #32

Or better yet, skip the college part. Work and invest an amount equal to books and tuition. lumberjack_jeff Feb 2015 #37

It isn't always possible AgingAmerican Feb 2015 #42

It is no measure of health woo me with science Feb 2015 #5

Given the sorry state of "for profit" education, people need to think long and hard Vinca Feb 2015 #6

Let's focus on pressuring oligarchs and their paid, corrupt politicians woo me with science Feb 2015 #11

Actually we need to do both to get we need as a society ChosenUnWisely Feb 2015 #17

Pardon me for dealing with reality and trying to save an aimless young person a lifetime of debt. Vinca Feb 2015 #36

Very good advice skepticscott Feb 2015 #21

It's far more difficult later on davidn3600 Feb 2015 #44

That leads to two fundamental questions Depaysement Feb 2015 #20

See my response above for my thought on that skepticscott Feb 2015 #25

Your views . . . Depaysement Feb 2015 #40

Because certain actors are purposefully jacking up the price to reduce supply. ND-Dem Feb 2015 #33

Who and how? Depaysement Feb 2015 #39

Government for one. By funding reductions and changes to tax policy. ND-Dem Feb 2015 #46

Loans DustyJoe Feb 2015 #22

One of the biggest problems is that the interest rates are too high for student loans still_one Feb 2015 #24

Hell, I think all of my student loans have a higher interest rate than even that. W_HAMILTON Feb 2015 #43

I agree. We can thank congress for that still_one Feb 2015 #51

We just finished paying off a student loan madokie Feb 2015 #26

How were you surprised? Doctor Who Feb 2015 #28

We wasn't on the hook for it madokie Feb 2015 #45

Not just for young adults. Kermitt Gribble Feb 2015 #29

K/R marmar Feb 2015 #34

Millenials are going to get very angry lovuian Feb 2015 #35

Just wait until daredtowork Feb 2015 #52

We can thank Republicans for this. Initech Feb 2015 #41

Hell, they are depressing me and I don't have any. Yo_Mama Feb 2015 #47

I don't think I will ever pay mine off. bigwillq Feb 2015 #48

Your friends who do construction trades will quite possibly have broken bodies later Fumesucker Feb 2015 #53

High interest school loan debt will cripple a generation Ramses Feb 2015 #49

I suffered great physical damage due to stress from my student Loan glinda Feb 2015 #50

The only difference between a student loan and home loan is the student loan is a mortgage on ChosenUnWisely Feb 2015 #54