Student loans.. Who has them?

[Silverback]

18 hours left, no student loans. Masters starts in spring, no loans planned to finish it either.

[talisman]

This lays it all out pretty good:

http://financemymoney.com/the-profit...stry-yet-what/

God that is depressing. I feel horrible for those people that get caught up in that shit. I figure an AA from TCC runs about 5-6 grand including books. Can't imagine paying 30k for someone to show me how to upholster a car seat.

[gav91183]

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

Yeah that would have been the logical thing to do but Cal 2 kicked my ass and I would always find shortcuts for the desired outcome and the teachers never did like that. Always wanted to coach, so went that route.

As for the comments about a financial class, I think that would be a good idea or hell even a lesson about it. When I went to college I was a first generation college student in my family and we had no idea what it was going to cost. Even with dorms, meal plan, classes, books and etc. we didnt know. So I took out WAAY more than I needed and then pissed away the rest. That's what happens when you get a few thousand dollar refund check at 17 and you want to take a girl out, get new shoes or a Playstation. As I got older, the less I took out because I matured and realized OH CRAP! this is going to kill me. I was at Tech for 6.5 years because of changing majors and it was a great time but it's costing me now!

Almost everyone I know has at least one form of student loans. Whether it was from a company, the government or credit cards to pay for books. The cost of higher education WAY over charges for the education and degree you get. Those with student loans and CC debt are living with their parents, driving beater cars and trying to make ends meet. For me, Student loans take up about 20% of my take home of my paycheck each month! That could be rent, savings, food, bills, car mods whatever I wanted it to be. But instead it goes to a high interest loan. The only saving grace I have is being a teacher is that most of my loans will be forgiven if I work at a Title 1 school for a certain period of time (believe its 5 years), and I have been there for 1. Of course this school pays less and is more stressful than any other school I have been at but my job previous to this one was cut because of budget cuts when the Texas Govt decided to cut district funding.

[Gaber]

College is a joke. These universities will soon realize that enrollment will start to decrease if they continue to push tuition up every year.

[A+]

Only if you're hispanic or black. He knows he's lost whitey.

So i should apply for student loans?

[Grimpala]

My wife got accepted to the University of Hawaii on a full ride, but her parents wouldnt let her go, so to get back at them she went to Baylor.

They had to finance that, so now we have ~$75,000 in student loans. Take it she's a CPA, but she is still young in her career and isn't making she's worth.

I on the other hand went to a local school and $27,000 later I walked out with a BS in Construction Science paid in full.

For a while I was making more than she was, everyone is right about needing to teach kids how to handle money in life.

[jasone]

My bachelors degree ended up costing me around 20k. Hopefully I will have it payed off within the next couple years.

[Forever_frost]

Original Balance: $32,756.91
Current Balance: $44,783.20


Interest Rate: 4.92%
Interest Rate Type: STANDARD VARIABLE
Subsidy: NON SUB

[slow99]

I'm gonna need to see everybody's discounted cash flow analysis for their cost / value of education.

[Vertnut]

I'm gonna need to see everybody's discounted cash flow analysis for their cost / value of education.

Did you pay cash to go through McCombs? True baller!

[slow99]

Did you pay cash to go through McCombs? True baller!

Lol, no I wouldn't do that. Google dcf analysis.

[suckerdin]

I should be somewhere around 15 when i graduate in december.

to the OP:https://www.mygreatlakes.org/borrowe...n_forgive.html

[Roscoe]

Never thought I'd say this, but after seeing several of these threads and the shit some of you are in, I'm damn glad I didn't go to college... Hell, I didn't even finish High School, and that was free.

<--- stupied (had to throw this in)

[DieselSmoke]

I read this article a while back, that said that Microsoft employs more millionaire secretary's that any other company in the world. They took stock options over Christmas bonuses. It was a good move. I remember there was this picture, of one of the groundskeepers next to his Ferrari. Blew my mind. you see shit like that, and it just plants seeds, makes you think its possible, even easy. And then you turn on the TV, and there's just more of it. The $87 Million lottery winner, that kid actor that just made 20 million o his last movie, that internet stock that shot through the roof, you could have made millions if you had just gotten in early, and that's exactly what I wanted to do: get in. I didn't want to be an innovator any more, i just wanted to make the quick and easy buck, i just wanted in. The Notorious BIG said it best: "Either you're slingin' crack-rock, or you've got a wicked jump-shot." Nobody wants to work for it anymore. There's no honor in taking that after school job at Mickey Dee's, honor's in the dollar, kid. So I went the white boy way of slinging crack-rock: I became a stock broker.

[KBScobravert]

"College is gonna cost you this much a semester hour plus books. Here is your interest rate". computing, computing, computing, I will pass. Can you point me to the nearest military recruiter's office.

I have no pity for people overwhelmed with student loan debt. Congrats to those that graduated but I always thought the board believed in "if you can't pay for it with cash, you don't need it".