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Thread: I知 a 29-Year-Old With $235k in Student Debt.

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    Default I知 a 29-Year-Old With $235k in Student Debt.

    I have $235,000 of student debt. The first $120,000 came with a bachelor’s degree from my state school. Another $70,000 or so came with my master’s degree. The remainder is accrued interest.

    https://finance.yahoo.com/news/m-29-...151734965.html

    So what? Why did you borrow it? You created the problem, don’t expect someone else to solve it for you. Welcome to the real world...Idiot.

    I noticed he didn’t say what his master’s degree is in. I’ll bet it’s in lesbian dance Theory.


    FUCK this idiot. Am I supposed to give a shit about his poor decision making?

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    Quote Originally Posted by volsrock View Post
    I have $235,000 of student debt. The first $120,000 came with a bachelor’s degree from my state school. Another $70,000 or so came with my master’s degree. The remainder is accrued interest.

    https://finance.yahoo.com/news/m-29-...151734965.html

    So what? Why did you borrow it? You created the problem, don’t expect someone else to solve it for you. Welcome to the real world...Idiot.

    I noticed he didn’t say what his master’s degree is in. I’ll bet it’s in lesbian dance Theory.


    FUCK this idiot. Am I supposed to give a shit about his poor decision making?
    get your GED and we'll talk

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    Quote Originally Posted by volsrock View Post
    I have $235,000 of student debt. The first $120,000 came with a bachelor’s degree from my state school. Another $70,000 or so came with my master’s degree. The remainder is accrued interest.

    https://finance.yahoo.com/news/m-29-...151734965.html

    So what? Why did you borrow it? You created the problem, don’t expect someone else to solve it for you. Welcome to the real world...Idiot.

    I noticed he didn’t say what his master’s degree is in. I’ll bet it’s in lesbian dance Theory.


    FUCK this idiot. Am I supposed to give a shit about his poor decision making?
    Shut the fuck up Boomer. You know literally nothing.
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    Quote Originally Posted by volsrock View Post
    I have $235,000 of student debt. The first $120,000 came with a bachelor’s degree from my state school. Another $70,000 or so came with my master’s degree. The remainder is accrued interest.

    https://finance.yahoo.com/news/m-29-...151734965.html

    So what? Why did you borrow it? You created the problem, don’t expect someone else to solve it for you. Welcome to the real world...Idiot.

    I noticed he didn’t say what his master’s degree is in. I’ll bet it’s in lesbian dance Theory.


    FUCK this idiot. Am I supposed to give a shit about his poor decision making?
    Indeed, volsrock.

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    This person AGREED to the terms and conditions. This debt was not foisted upon him/her without his/her knowledge.

    I would certainly think twice about hiring someone who didn’t want to adhere to the basic terms and conditions of a contract that they AGREED to.

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    He can default on loan vote for Sanders, and stay in his parent’s basement.

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    People with six-figure earning potential want a federal bailout of their low-interest student loans?

    Yet another reason to not vote for Democrats.
    Then answered all the Jews, and said, Jesus' blood be on us, and on our children. So be it.
    Jews want to turn America into an atheistic, amoral, socialist farmyard.

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    Quote Originally Posted by volsrock View Post
    I have $235,000 of student debt. The first $120,000 came with a bachelor痴 degree from my state school. Another $70,000 or so came with my master痴 degree. The remainder is accrued interest.

    https://finance.yahoo.com/news/m-29-...151734965.html

    So what? Why did you borrow it? You created the problem, don稚 expect someone else to solve it for you. Welcome to the real world...Idiot.

    I noticed he didn稚 say what his master痴 degree is in. I値l bet it痴 in lesbian dance Theory.


    FUCK this idiot. Am I supposed to give a shit about his poor decision making?

    A young lady with a DEM group heading for a summer STINT as a professor at a college (college name?) in PA, stayed with us 2 years ago. She had PHD. She was in student loan debt at about $160K. I was shocked! Only then did I realize that the AVERAGE student debt load to any no name state school is about $40k--undergrad!

    PS I suggested the military, that with a 4 or 6 year stint they were absorbing student debt depending their degrees. She smiled and said she had already looked into it. She was too old.
    (She looked 22, she was 35).
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    15 jailed for varying amounts






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    Quote Originally Posted by volsrock View Post
    This debt was not foisted upon him/her without his/her knowledge.

    .
    in very real way the debt was foisted upon them

    in this world of outrageously expensive higher education what would they do if not or the vultures crawling all over the student loan industry?

    think before you post

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    Quote Originally Posted by reagansghost View Post
    in very real way the debt was foisted upon them

    in this world of outrageously expensive higher education what would they do if not or the vultures crawling all over the student loan industry?

    think before you post
    Pay cash, afford your education as you go, or find other ways to pay for it (military, work a few years before going, etc). Common sense things. Basic economics do not appear to be taught in HS anymore.
    Consider the Oyster.

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    Paying back student loans is low priority for people. The interest is low and there's no collateral. So, people don't pay it back, while bitching about their debt.
    Then answered all the Jews, and said, Jesus' blood be on us, and on our children. So be it.
    Jews want to turn America into an atheistic, amoral, socialist farmyard.

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    Quote Originally Posted by volsrock View Post
    He can default on loan vote for Sanders, and stay in his parent’s basement.
    Or he can game the system.
    Mike Meru Has $1 Million in Student Loans. How Did That Happen?
    Mike Meru, the orthodontist in the WSJ story, who earns more than $255,000 a year, owns a $400,000 house and drives a Tesla pays only $1,589.97 a month on his student loans. In 25 years, his remaining balance, projected to exceed $2 million given accumulating interest, will be forgiven. The combination of unlimited borrowing and generous repayment plans produces a windfall for both USC and large borrowers.

    In Dr. Meru’s case, the federal government paid USC tuition of $601,506 for his education, but he will only pay back only $414,900 in present value before his debt is discharged.[1] (Present value is the value today of a stream of future payments given an interest rate. Because most of Mr. Meru’s payments occur far in the future, comparison of his future repayments to the tuition paid to USC requires using the present value.)

    The fact that federal government is paying USC far in excess of what it is going to get back from the borrower illustrates the problem with letting graduate students and parents borrow unlimited amounts while discharging residual debt in the future.
    In this case, USC (with an endowment of $5 billion) has no incentive to keep its costs down. It could have charged the student an even higher amount and it would not have affected the borrower’s annual payments or the total amount he paid. When William Bennett, then secretary of education, said in 1987 that “increases in financial aid in recent years have enabled colleges and universities blithely to raise their tuitions, confident that Federal loan subsidies would help cushion the increase”—this is exactly what he was talking about.

    The borrower does well, too. Despite earning $225,000 each year—and almost $5 million (again, in net present value) over the course of his loan payments—Dr. Meru will pay back only $414,900 on a $601,506 degree. Because the balance of the loan is going to be forgiven, neither he nor the school cares whether tuition is too high or whether to rack up a bit more interest delaying repayment.
    So who loses? The obvious one is the American taxpayer because the shortfall must come out of the federal budget. Indeed, for “consolidated” loans like Dr. Meru’s, the Department of Education assumed it will lose $28.70 on each $100 in debt enrolled in income-driven repayment plans. But the less obvious victims are other federal aid recipients. Historically, Congress has worked to contain the overall cost of the student loan program, in part using repayments of principal plus interest to offset any losses from low-interest, defaulted, unpaid, or forgiven loans. In that system, the higher interest rates and stronger performance of graduate loans helped offset costs of subsidized loans to low-income undergraduates. That could be unwinding.
    https://www.brookings.edu/blog/up-fr...loan-programs/
    $225,000/yr. as an orthodontist. He isn't doing worth a shit.

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    Quote Originally Posted by anonymoose View Post
    Or he can game the system.

    $225,000/yr. as an orthodontist. He isn't doing worth a shit.
    Not to mention priorities. Fuck him and every jackass trying to support him on this.
    Consider the Oyster.

    C-4 is just angry playdoh.

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    Quote Originally Posted by Sailor View Post
    Pay cash, afford your education as you go, or find other ways to pay for it (military, work a few years before going, etc). Common sense things. Basic economics do not appear to be taught in HS anymore.
    You really are naive to this issue. Even the wealthy often borrow to go to college. Your ideas are not realistic, as no one is going to do menial jobs till they're older, and then go to college. What's the point, since you'd instead have to borrow for other living expenses while you save?

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    Quote Originally Posted by Jade Dragon View Post
    You really are naive to this issue. Even the wealthy often borrow to go to college. Your ideas are not realistic, as no one is going to do menial jobs till they're older, and then go to college. What's the point, since you'd instead have to borrow for other living expenses while you save?
    Wow. The ignorance just stated there is astounding to me. You make it sound like it has never been done before. Get a job, live within your means, go to college if you can afford to. If not, take your loans, put your ass in debt and pay it the fuck off. If paying that off cuts into your perceived entitled life style, tough. Real simple here.
    Consider the Oyster.

    C-4 is just angry playdoh.

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