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skepticscott

(13,029 posts)

50. The people borrowing 200K for their education disagree with you

Reply to Waiting For Everyman (Reply #49)

Mon Feb 15, 2016, 03:31 PM

Feb 2016

They seem to think it's worth it. But again, no one, and I mean NO ONE is forced to pay/borrow that much for college. People choose to of their own free will, even though less expensive options are available. Whose fault is that? Are you saying all of these people are that stupid and that easily manipulated?

And if lenders were means testing college students and their families for their loans as rigorously as mortgage applicants, I suspect you'd be complaining about discrimination against lower- and middle-income families. But you can't have it both ways..you either think that lenders should only give students loans that they can prove they can afford, or you think lenders should give out loans even though the students probably can't afford them. Which is it?

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Student loan nightmare. Man finds out his student loan balance is 200k after he graduates [View all] Liberal_in_LA Feb 2016 OP

I was unaware that student loan balances were a secret Travis_0004 Feb 2016 #1

This is a raw deal, but it is hard to have a ton of sympathy... Drahthaardogs Feb 2016 #2

It doesn't really work out that way anymore. Brickbat Feb 2016 #8

I just got done putting a kid through college at a local University. Drahthaardogs Feb 2016 #10

U of illinois in state costs $31k/year. So $120k+ to graduate Arazi Feb 2016 #18

So you look at your finances skepticscott Feb 2016 #33

ISU $28,239 instate - well that's hugely cheaper Arazi Feb 2016 #34

Saying that college SHOULD be cheaper in the future is all well and good skepticscott Feb 2016 #46

It cost me less to attend a $$$ private college than it would have cost to go to the state U Gormy Cuss Feb 2016 #25

Our state school is $26k/year. MissB Feb 2016 #20

What do you say about a story like this Yupster Feb 2016 #3

how about we just make college affordable for crying out loud tk2kewl Feb 2016 #7

. LiberalElite Feb 2016 #11

i know... i went to City College in the 80s. tk2kewl Feb 2016 #12

Now it's Pay to Play in the U.S.A. LiberalElite Feb 2016 #13

No we can't! How much does the Gov. make off of student loans/yr? SammyWinstonJack Feb 2016 #22

That'd be nice, but it isn't reality right now skepticscott Feb 2016 #43

He also makes it sound like the university was giving him unexplained forms to sign petronius Feb 2016 #16

I've got close to twenty years of college under my belt, Erich Bloodaxe BSN Feb 2016 #27

There lies the rub. KentuckyWoman Feb 2016 #29

AS a side note - the parents of today's college students have spent thelast 20 -30 years paying off hedgehog Feb 2016 #48

Boy you could get in real trouble for that Yupster Feb 2016 #36

I tried a pipe once. Erich Bloodaxe BSN Feb 2016 #37

I had complete control over my educational financing. roamer65 Feb 2016 #4

Well free college isn't going to cover that one. Kalidurga Feb 2016 #5

I feel for the guy, but he was obviously living large off student loans. Hoyt Feb 2016 #6

If you think you can live large on student loan money, you are sadly deluded librechik Feb 2016 #28

He's been out of office over 25 years yeoman6987 Feb 2016 #30

$40000 - $50,000 a year tax free. Not bad unless you are going to an exclusive school. Hoyt Feb 2016 #42

So...you're claiming he paid $0 in tuition? jeff47 Feb 2016 #51

At University of Wisconsin his tuition, books and board would run $20K per year. Hoyt Feb 2016 #59

"Living large off student loans" -- are you kidding? Arugula Latte Feb 2016 #40

Roughly $40 to $50,000 a year, tax free. Are you kidding? Hoyt Feb 2016 #41

Wow, this is 100% this persons fault. Lack of responsibility is not anyone's fault but their own. nt Logical Feb 2016 #9

Somebody who's under 21 isn't allowed to go into a casino and put $10 in a slot machine. Jim Lane Feb 2016 #15

This person is getting hammered in the comments oberliner Feb 2016 #14

If he was a corporation he could just declare bankruptcy. Senator Tankerbell Feb 2016 #17

The actual dollar amount is not the important part here Orrex Feb 2016 #19

Thank you lonewolf674 Feb 2016 #21

+1000000. SammyWinstonJack Feb 2016 #23

+1 Starry Messenger Feb 2016 #24

+1 n/t Gormy Cuss Feb 2016 #26

+1 JustAnotherGen Feb 2016 #31

"Unrealistic" "Living large" "Foolish" - TBF Feb 2016 #32

My student loan nightmare... Glassunion Feb 2016 #35

Many universities will kick out students who do not graduate in 6-10 years. (nt) jeff47 Feb 2016 #52

Then they need a different school... Glassunion Feb 2016 #54

Your ok. Your long ago start date allows them to exclude you from completion calculations Liberal_in_LA Feb 2016 #56

At some point, one has to take personal responsibility for decisions they make n/t taught_me_patience Feb 2016 #38

No matter his fault, it's still highway robbery. Waiting For Everyman Feb 2016 #39

Robbery? No one had a gun held to their head. skepticscott Feb 2016 #44

"Buyer beware" doesn't cover it. Waiting For Everyman Feb 2016 #45

If actual deceptive practices are going on skepticscott Feb 2016 #47

200K for an education is unconscionable. Waiting For Everyman Feb 2016 #49

The people borrowing 200K for their education disagree with you skepticscott Feb 2016 #50

Sure they did. lumberjack_jeff Feb 2016 #61

Yes, I figured someone would trot that tired nonsense out skepticscott Feb 2016 #62

My schoolteachers worked to sell only one of those exploitive messages. lumberjack_jeff Feb 2016 #64

Ah, of course skepticscott Feb 2016 #66

You appear to be arguing with someone other than me. lumberjack_jeff Feb 2016 #67

I think we'd agree skepticscott Feb 2016 #70

Cal State Los Angeles $8204/year highmindedhavi Feb 2016 #53

He went to private Liberal_in_LA Feb 2016 #57

At least he got a job after getting his master's Blue_Tires Feb 2016 #55

.., Liberal_in_LA Feb 2016 #58

Cognitive dissonance: Colleges are exploitive industries with a monopoly on critical thinking skill. lumberjack_jeff Feb 2016 #60

Seriously? skepticscott Feb 2016 #63

For everyone who holds this opinion at DU, there are several who do not. lumberjack_jeff Feb 2016 #65

The "value" of college? skepticscott Feb 2016 #69

College is the price parents pay for a secure inside job for their kids. lumberjack_jeff Feb 2016 #71

200k @ 8% with a 1,500.00 a month payment is like a mortgage. do not pay minimum payment. Sunlei Feb 2016 #68