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Student loans.. Who has them?

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  • #1

    Student loans.. Who has them?

    Now with today being my first day off for a while mind has been busy so out of curiousity I decided to see what I have paid on my student loans over the last 12 months.

    College Access Loan from the Texas Higher Education Coordinating Board
    paid almost $2500 in interest
    600 in principal.

    (government loans)
    almost 2700 in principal
    900 in interest.

    Which meansI still have close to $49,000 in student loans left to pay and I have already been paying for 5 years!!

    1) What's wrong with this picture? 2) That's close to $600 in just student loans. I need a new career ASAP or I will never pay these bastards off! Wish I worked a little more in College or never went! I know people who didn't go to college who make more than I do!
    Tags: #1bjj has no loans!!, go fuck your mothers, jkd ate diploma, jkd ged, jkd hamburger univ grad, jkd scored 680 on sat
  • #2
    Where did you go to college and what did you major in?

    Comment

    • #3
      Originally posted by talisman View Post
      Where did you go to college and what did you major in?
      I went to Texas Tech and Changed majors after 2 years from Mechanical Engineering to Seconday Education/Exercise and Sport Science. Pretty much I'm a teacher and coach now.

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      • #4
        Maybe between now and November Obammy will forgive all government student loans in order to lock in some more votes.

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        • #5
          Originally posted by gav91183 View Post
          I went to Texas Tech and Changed majors after 2 years from Mechanical Engineering to Seconday Education/Exercise and Sport Science. Pretty much I'm a teacher and coach now.


          Have no idea what that pays, but I'd imagine you wouldn't have gotten the job without the degree. So on the bright side, at least you aren't asking "Do you want fries with that?" If you enjoy it, there is something to be said for having a job you like. That is a ton of debt though.

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          • #6
            Originally posted by The King View Post
            Maybe between now and November Obammy will forgive all government student loans in order to lock in some more votes.
            Only if you're hispanic or black. He knows he's lost whitey.

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            • #7
              Save up, and make a payment to principal every year then reamortize and do it again. Loans fall off fast that way.
              ZOMBIE REAGAN FOR PRESIDENT 2016!!! heh

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              • #8
                Originally posted by The King View Post
                Maybe between now and November Obammy will forgive all government student loans in order to lock in some more votes.
                Even if he did, wouldn't get my vote!

                Comment

                • #9
                  Originally posted by gav91183 View Post
                  Even if he did, wouldn't get my vote!
                  Good man, and obviously educated.

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                  • #10
                    Originally posted by gav91183 View Post
                    I need a new career ASAP :
                    Word. Fwiw I posted a student loan thread on 5/23/12.
                    Originally posted by davbrucas
                    I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                    Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                    You and slow99 should date. You both have passive aggressiveness down pat.

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                    • #11
                      This is going to be another thing that blows up in the next few years. Cheap easy government money has skewed the market for student loans just like it did for mortgages. Kids coming out of college these days are going to be fucked.
                      Originally posted by racrguy
                      What's your beef with NPR, because their listeners are typically more informed than others?
                      Originally posted by racrguy
                      Voting is a constitutional right, overthrowing the government isn't.

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                      • #12
                        Should have stayed ME if you wanted to make more money.

                        Comment

                        • #13
                          Originally posted by Broncojohnny View Post
                          This is going to be another thing that blows up in the next few years. Cheap easy government money has skewed the market for student loans just like it did for mortgages. Kids coming out of college these days are going to be fucked.


                          In addition, I think a lot of it is a general failure from all sides to communicate "good" student loan debt and "bad" student loan debt. If you're living off student loans and going to UT for a Bachelors in Liberal Arts, you're never going to pay that shit off making 30k a year for the rest of your life. If you use them to get an actual career centered degree, then it can pay off big time.

                          I still think high schools need to have a basic budgeting or common sense "life" class that is required before graduation. We're teaching kids about everything except one of the most important parts of life: Making smart decisions with your money. All that time in high school "preparing for college" that ignores the most basic aspect of the point of college: to educate yourself in a way that will increase your earning potential.

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                          • #14
                            Originally posted by talisman View Post
                            In addition, I think a lot of it is a general failure from all sides to communicate "good" student loan debt and "bad" student loan debt. If you're living off student loans and going to UT for a Bachelors in Liberal Arts, you're never going to pay that shit off making 30k a year for the rest of your life. If you use them to get an actual career centered degree, then it can pay off big time.

                            I still think high schools need to have a basic budgeting or common sense "life" class that is required before graduation. We're teaching kids about everything except one of the most important parts of life: Making smart decisions with your money. All that time in high school "preparing for college" that ignores the most basic aspect of the point of college: to educate yourself in a way that will increase your earning potential.
                            Indeed, they will give student loans to anybody for any degree you can imagine. It didn't use to be like that. Even when I was in the school in the mid 1990s they just wrote me a check at the beginning of the semester, I could have went to Vegas for all they cared. A lot of that money went into mustang parts. lol

                            There is little hope of most of these people paying this debt off in a reasonable amount of time. When they can't, the government has to pay for it. The vast majority of degrees are worthless in and of themselves, no one mentions to these kids that hard work is more important than that piece of paper.

                            I totally agree with the comment about a financial class. It should be like home economics.
                            Originally posted by racrguy
                            What's your beef with NPR, because their listeners are typically more informed than others?
                            Originally posted by racrguy
                            Voting is a constitutional right, overthrowing the government isn't.

                            Comment

                            • #15
                              This lays it all out pretty good:

                              http://financemymoney.com/the-profits-of-education-%E2%80%93-how-university-of-phoenix-and-other-for-profit-schools-survive-and-over-charge-students-because-of-government-backed-loans-billion-dollar-growth-industry-yet-what/
                              Originally posted by racrguy
                              What's your beef with NPR, because their listeners are typically more informed than others?
                              Originally posted by racrguy
                              Voting is a constitutional right, overthrowing the government isn't.

                              Comment

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