Page 1 of 5 12345 LastLast
Results 1 to 15 of 72

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

  1. #1 | Top
    Join Date
    Feb 2018
    Posts
    7,395
    Thanks
    1
    Thanked 3,218 Times in 2,282 Posts
    Groans
    0
    Groaned 389 Times in 361 Posts

    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?

  2. The Following 5 Users Say Thank You to volsrock For This Post:

    anonymoose (06-17-2019), Earl (06-17-2019), Irish (06-18-2019), USFREEDOM911 (06-17-2019), Wolverine (06-18-2019)

  3. #2 | Top
    Join Date
    Aug 2018
    Posts
    11,552
    Thanks
    1,480
    Thanked 5,582 Times in 3,616 Posts
    Groans
    2
    Groaned 1,277 Times in 1,143 Posts
    Blog Entries
    3

    Default

    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

  4. #3 | Top
    Join Date
    Jul 2007
    Location
    Detroit, AKA HEAVEN
    Posts
    28,988
    Thanks
    11,640
    Thanked 9,800 Times in 6,608 Posts
    Groans
    642
    Groaned 747 Times in 696 Posts
    Blog Entries
    2

    Default

    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.
    WATERMARK, GREATEST OF THE TRINITY, ON CHIK-FIL-A
    Quote Originally Posted by Sigmund Freud View Post
    The fields of mediocre chicken sandwiches shall be sowed with salt, so that nothing may ever grow there again.
    www.gunsbeerfreedom.blogspot.com

    www.gunsbeerfreedom.blogspot.com

  5. The Following User Says Thank You to I<3Possums For This Post:

    Jade Dragon (06-17-2019)

  6. #4 | Top
    Join Date
    Jan 2019
    Posts
    7,461
    Thanks
    12,979
    Thanked 3,203 Times in 2,537 Posts
    Groans
    5,937
    Groaned 394 Times in 375 Posts
    Blog Entries
    1

    Default

    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.

  7. #5 | Top
    Join Date
    Feb 2018
    Posts
    7,395
    Thanks
    1
    Thanked 3,218 Times in 2,282 Posts
    Groans
    0
    Groaned 389 Times in 361 Posts

    Default

    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.

  8. The Following 3 Users Say Thank You to volsrock For This Post:

    anonymoose (06-17-2019), Dark Soul (06-18-2019), Wolverine (06-18-2019)

  9. #6 | Top
    Join Date
    Feb 2018
    Posts
    7,395
    Thanks
    1
    Thanked 3,218 Times in 2,282 Posts
    Groans
    0
    Groaned 389 Times in 361 Posts

    Default

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

  10. #7 | Top
    Join Date
    Nov 2018
    Posts
    889
    Thanks
    4
    Thanked 134 Times in 116 Posts
    Groans
    0
    Groaned 148 Times in 127 Posts

    Default

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

    Yet another reason to not vote for Democrats.
    This message is banned on Youtube, on Facebook, and in Canada because some people can't handle the Truth.

  11. #8 | Top
    Join Date
    Feb 2018
    Posts
    7,217
    Thanks
    237
    Thanked 3,457 Times in 2,237 Posts
    Groans
    16
    Groaned 568 Times in 526 Posts
    Blog Entries
    2

    Default

    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).
    SEP 2016: Obama asked McConnell to co-write a LETTER of CONDEMNATION of Russian interference
    into the upcoming election and to alert US. The CIA DIR
    had briefed BOTH parties Congr'l leaders of the same.

    McConnell told Brennan,
    添ou池e trying to screw the Republican nominee.

    McCONNELL REFUSED to sign the letter.

    The rest is history!

  12. #9 | Top
    Join Date
    Aug 2018
    Posts
    11,552
    Thanks
    1,480
    Thanked 5,582 Times in 3,616 Posts
    Groans
    2
    Groaned 1,277 Times in 1,143 Posts
    Blog Entries
    3

    Default

    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

  13. The Following User Says Thank You to reagansghost For This Post:

    Nomad (06-17-2019)

  14. #10 | Top
    Join Date
    Dec 2016
    Posts
    19,645
    Thanks
    4,273
    Thanked 11,078 Times in 7,782 Posts
    Groans
    2
    Groaned 299 Times in 290 Posts
    Blog Entries
    2

    Default

    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.

    C-4 is just angry playdoh.

  15. The Following 3 Users Say Thank You to Sailor For This Post:

    Dark Soul (06-18-2019), Truth Detector (06-17-2019), USFREEDOM911 (06-17-2019)

  16. #11 | Top
    Join Date
    Nov 2018
    Posts
    889
    Thanks
    4
    Thanked 134 Times in 116 Posts
    Groans
    0
    Groaned 148 Times in 127 Posts

    Default

    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.
    This message is banned on Youtube, on Facebook, and in Canada because some people can't handle the Truth.

  17. The Following User Says Thank You to Bobb For This Post:

    USFREEDOM911 (06-17-2019)

  18. #12 | Top
    Join Date
    May 2018
    Posts
    3,347
    Thanks
    1,197
    Thanked 2,277 Times in 1,496 Posts
    Groans
    2
    Groaned 79 Times in 69 Posts
    Blog Entries
    6

    Default

    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.

  19. The Following User Says Thank You to anonymoose For This Post:

    Truth Detector (06-17-2019)

  20. #13 | Top
    Join Date
    Dec 2016
    Posts
    19,645
    Thanks
    4,273
    Thanked 11,078 Times in 7,782 Posts
    Groans
    2
    Groaned 299 Times in 290 Posts
    Blog Entries
    2

    Default

    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.

  21. The Following User Says Thank You to Sailor For This Post:

    anonymoose (06-17-2019)

  22. #14 | Top
    Join Date
    Nov 2017
    Posts
    8,820
    Thanks
    2,720
    Thanked 5,986 Times in 3,978 Posts
    Groans
    406
    Groaned 611 Times in 568 Posts
    Blog Entries
    2

    Default

    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?

  23. The Following User Says Thank You to Jade Dragon For This Post:

    LV426 (06-17-2019)

  24. #15 | Top
    Join Date
    Dec 2016
    Posts
    19,645
    Thanks
    4,273
    Thanked 11,078 Times in 7,782 Posts
    Groans
    2
    Groaned 299 Times in 290 Posts
    Blog Entries
    2

    Default

    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.

  25. The Following User Says Thank You to Sailor For This Post:

    Truth Detector (06-17-2019)

Similar Threads

  1. Student Loan Debt
    By cawacko in forum Current Events Forum
    Replies: 177
    Last Post: 03-16-2018, 10:16 PM
  2. Replies: 1
    Last Post: 04-08-2016, 11:51 AM
  3. Obama wanting to forgive student debt?
    By wiseones2cents in forum Current Events Forum
    Replies: 2
    Last Post: 10-28-2011, 11:44 AM
  4. Replies: 8
    Last Post: 04-17-2009, 12:19 AM
  5. The Real Deficit: 847 Billion per year, Debt should pass $10 trillion this year
    By KingCondanomation in forum Current Events Forum
    Replies: 4
    Last Post: 09-29-2008, 11:30 AM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •