These college edumacated folks spent 350G for college degrees and they can't figure out how to get out of debt.
 They should demand a refund

excerpt from story:
--------------------------------
In many ways, Daniel Strong is happy with his life. He owns a three-bedroom ranch-style house in Charlottesville, Virginia, where he lives with his wife and 3-year-old son, Benjamin. He recently made the last payment on his silver, Toyota Tacoma. He likes his job.

But there's one problem that won't go away.
Strong and his wife owe more than $350,000 for their bachelor's and master's degrees.
"The huge monster in the closet for me are these student loans that keep getting bigger and bigger," said Strong, 36. When they graduated, they were faced with monthly bills of around $800 each and have since struggled to keep up.
"It's so stressful to think about the fact that you're probably going to have to work until you drop dead at work because of your student loans," Strong said.
---------------------------------
story from msn...

https://www.msn.com/en-us/news/us/this-48-year-old-mom-owes-dollar600000-in-loans-as-the-student-debt-crisis-worsens/ar-AAAtvcY?ocid=spartandhp

These college edumacated folks spent 350G for college degrees and they can't figure out how to get out of debt.
 They should demand a refund

excerpt from story:
--------------------------------
In many ways, Daniel Strong is happy with his life. He owns a three-bedroom ranch-style house in Charlottesville, Virginia, where he lives with his wife and 3-year-old son, Benjamin. He recently made the last payment on his silver, Toyota Tacoma. He likes his job.

But there's one problem that won't go away.
Strong and his wife owe more than $350,000 for their bachelor's and master's degrees.
"The huge monster in the closet for me are these student loans that keep getting bigger and bigger," said Strong, 36. When they graduated, they were faced with monthly bills of around $800 each and have since struggled to keep up.
"It's so stressful to think about the fact that you're probably going to have to work until you drop dead at work because of your student loans," Strong said.
---------------------------------
story from msn...

https://www.msn.com/en-us/news/us/this-48-year-old-mom-owes-dollar600000-in-loans-as-the-student-debt-crisis-worsens/ar-AAAtvcY?ocid=spartandhp

If you've looked at the financial aid application process in the past 20 some years, they have a practice of enticing everyone to apply, even if your parents (or you) make too much to qualify.

For those unable to get grants, scholarships and work-study, the college offers a stated amount of loans for both the student AND the parents.  When you're looking at the amounts, you're thinking:

1. That's more than tuition!  Woo-hoo!

2. I don't have to start paying for another 4 years (6-8 if you take longer to graduate or get a Masters).

3.  Interest keeps accruing (how bad can that be?) while I'm not making payments.

4.  It'll help me establish credit for when I buy a car and a house.

5. All i have to do is remain a full-time student, graduate eventually, and then I'll have it made with the massive income my degree will land me.

I sent my first daughter to HPU on my dime. The second, I needed some help, so we each took out a student loan. I paid them both off last year.

Anyone who's only making minimum payments is getting eaten alive with compounding interest. You're better off getting a job to save and buy some things before going to college. With interest deferred guaranteed student loans, staying on your parents' healthcare plan through 26 if in college, and tax deductions for remaining a dependent, the gov't is trying to entice people to follow this path.

The only people really making out are the gov't from interest income and the schools, who can continue to raise tuition rates and pay their faculty a nice raise every year or two.

   He owns a three-bedroom ranch-style house in Charlottesville, Virginia,
where he lives with his wife
and 3-year-old son, Benjamin.
He recently made the last payment on his silver, Toyota Tacoma.
He likes his job.
Not bad for 36 yr old, at least he's still not in his mothers basement BUT

Can't figure out how to get out of debt ?

 

    Bet you could have paid off that student debt a long time ago IF
You did not buy a house.(if your in debt 350G, you can't afford one)
Not have a child before being able to afford one (if your in debt 350G, you can't afford one)
Bought a new truck on credit (if your in debt 350G, you can't afford one).

   Classic buy now, Pay later (aka spend more than you can afford)
With out the additional debt you accrued from the above, you most likely would not have to have "struggled to keep up."

Likes his job ?
No mention if that college education got you that job but I'm pretty sure the bachelor's and master's degrees you both received were not in financial planning or economics. 

   Hi, Mom ?
We're moving back into your basement.

Boo-hoo. This cost wasn't sprung on him, he had every ability to know what was happening and chose to do it anyway.

He accepted that and now he has to accept that either he will be scraping by for a long time or he needs to reconsider his lifestyle to pay it off sooner.


On a side note though, I have been thinking that they should eliminate general education classes for college. Why can't someone go in and only take classes needed for their specific degree. Ok, ill leave my off topic rant on that for another day.

Boo-hoo. This cost wasn't sprung on him, he had every ability to know what was happening and chose to do it anyway.

He accepted that and now he has to accept that either he will be scraping by for a long time or he needs to reconsider his lifestyle to pay it off sooner.


On a side note though, I have been thinking that they should eliminate general education classes for college. Why can't someone go in and only take classes needed for their specific degree. Ok, ill leave my off topic rant on that for another day.

That's called "Trade School." If you want a Bachelor's Degree, you take all the same general college credits as all others who get that degree.

If you can study on your own and pass a CLEP test, substitute military education and training for some classes, and/or take cheaper general college classes at a lower per-credit-hour rate at a community college, you can reduce the cost and number of classes required for graduation.

As for "why do general college at all", it's because high schools today do an often poor job of educating college-bound kids. It's why prep schools exist to feed into ivy league schools -- to make sure the students are ready for that challenge.

When you apply for an undergraduate degree program, you should be given a series of placement tests.  Based on your scores, you could skip over lower courses, or even qualify for credit for the lower courses. I placed out of the lower level math and English freshman classes. Lots of people didn't. When I started my 2nd level English class, they gave us the state mandated test as a pre-test. Anyone who scored close to perfect got to skip class for the first 3+ months. We had to come back for the practice tests, and then the official final test.  No one was allowed to pass English without passing the state competency test. 

It was such an easy class, I don't remember doing anything in it other than taking 4-5 tests.  The school still got my tuition as if I actually learned anything though.

The problem that no one adress is, students attending a college they cant afford. Just because u got into yale, doesnt mean you have to go.

Its like working at foodland as a bag boy, but taking out a loan to buy a ferrari.

I went to UH so my parents wont have to spend 30k a year. All these students in debt could have gone to their local university.

Combined with majoring in a BS (bull, not bachelor of science) degree and wondering why they cant find a job.

College teaches u just enough to make u think youre smart, but not to question the system (indoctoration). Or these kids would have figured out "wait can i afford all this?"

Meet Sara:
Ivy league education
Majored in womens studies
$500k in debt
Cant find a job

Meet Bill:
Went to a trade school
Makes $60k a year
No student loans

Meet Thor:
Joined the military
Learned how to deal with retards, or was one
Got to go to school for free (GI Bill)

Sent from my SM-G920V using Tapatalk

As much as my father and I didn’t get along, he did manage to teach me a few things. One is a work ethic and another is how to manage my money. I also paid for my own education even though he had saved a very minor amount of money to go towards my education. I turned down his money. I have been working since I turned 13 1/2 (part time) all throughout HS and had saved up more money for my own education than my father had.

I started my full time work and college education right after HS in 1976 and then quit school in 1977. By this time I had a lot of credit card debt. I finally decided to go back to school in 1993 and finished my education In 1996. One of the hardest things I have ever done was to go to school full time and work full time. I used my education for work in IT for only 12 years working from 1996 to 2008. I have been working full time for 42 years. I did pay off my school loans in 1998 and I paid off my truck and credit cards and I was debt free. In 1999 I had saved up enough for a down payment on a house. Until I bought my first house in 1999 I lived in cheap apartments in some not so great neighborhoods and drove older used vehicles. I have worked in construction QA/QC for the other 30 years.

I still drive older used vehicles and I am still debt free except for my current mortgage. I am ready to retire in about a year and a half. The way I see it is if I can do it, anyone can. I believe most of the problem described in this thread is a lack of knowledge of how to manage your money.

As much as my father and I didn’t get along, he did manage to teach me a few things. One is a work ethic and another is how to manage my money. I also paid for my own education even though he had saved a very minor amount of money to go towards my education. I turned down his money. I have been working since I turned 13 1/2 (part time) all throughout HS and had saved up more money for my own education than my father had.

I started my full time work and college education right after HS in 1976 and then quit school in 1977. By this time I had a lot of credit card debt. I finally decided to go back to school in 1993 and finished my education In 1996. One of the hardest things I have ever done was to go to school full time and work full time. I used my education for work in IT for only 12 years working from 1996 to 2008. I have been working full time for 42 years. I did pay off my school loans in 1998 and I paid off my truck and credit cards and I was debt free. In 1999 I had saved up enough for a down payment on a house. Until I bought my first house in 1999 I lived in cheap apartments in some not so great neighborhoods and drove older used vehicles. I have worked in construction QA/QC for the other 30 years.

I still drive older used vehicles and I am still debt free except for my current mortgage. I am ready to retire in about a year and a half. The way I see it is if I can do it, anyone can. I believe most of the problem described in this thread is a lack of knowledge of how to manage your money.

"they" would say that you need to shut up and step up
and that "someone's got to do something" about the student loan debt

.

"they" would say that you need to shut up and step up
and that "someone's got to do something" about the student loan debt

Fucking Hirono. Piece of shit RACIST. What she said is purely SEXIST/RACIST.

The only “someone” who is going to do something about student loan debt is the taxpayer if pieces of shit like Hirono stay in power.

Times have changed in so many ways.  For one, the cost of college tuition is ridiculous!  I am lucky that I didn't have any debt as I chose a good school, but where I had an academic scholarship that covered I believe something like 85-90% of my tuition.  I actually had two other schools in mind, but they didn't give me anywhere near that amount of aid, so I had to pass.  The school that I ended up going to was top 5 in the nation in percentage tuition increase every year I was there.  I knew a lot of folks who were "super duper seniors", some being in school for 6+ years.  I don't know how they afforded that. 

Now you have this generation that is expecting free tuition as well as I believe many are accruing debt with a sort of expectation that they will claim hardship and be afforded relief.  I know of at least of handful of folks that have openly talked about that.  Sort of expectation of bailout where they expect that since the big banks were bailed out, so they deserve it too.   

Times have changed in so many ways.  For one, the cost of college tuition is ridiculous!  I am lucky that I didn't have any debt as I chose a good school, but where I had an academic scholarship that covered I believe something like 85-90% of my tuition.  I actually had two other schools in mind, but they didn't give me anywhere near that amount of aid, so I had to pass.  The school that I ended up going to was top 5 in the nation in percentage tuition increase every year I was there.  I knew a lot of folks who were "super duper seniors", some being in school for 6+ years.  I don't know how they afforded that. 

Now you have this generation that is expecting free tuition as well as I believe many are accruing debt with a sort of expectation that they will claim hardship and be afforded relief.  I know of at least of handful of folks that have openly talked about that.  Sort of expectation of bailout where they expect that since the big banks were bailed out, so they deserve it too.   

This is the problem, the students now feel entitled to what every school they can get into, regardless of the price. UH cost for resident $7K a year.  So having a $30K debt is not that bad (InB4 "focus" 7x4=28, rounding up). 

That's called "Trade School." If you want a Bachelor's Degree, you take all the same general college credits as all others who get that degree.

If you can study on your own and pass a CLEP test, substitute military education and training for some classes, and/or take cheaper general college classes at a lower per-credit-hour rate at a community college, you can reduce the cost and number of classes required for graduation.

As for "why do general college at all", it's because high schools today do an often poor job of educating college-bound kids. It's why prep schools exist to feed into ivy league schools -- to make sure the students are ready for that challenge.

When you apply for an undergraduate degree program, you should be given a series of placement tests.  Based on your scores, you could skip over lower courses, or even qualify for credit for the lower courses. I placed out of the lower level math and English freshman classes. Lots of people didn't. When I started my 2nd level English class, they gave us the state mandated test as a pre-test. Anyone who scored close to perfect got to skip class for the first 3+ months. We had to come back for the practice tests, and then the official final test.  No one was allowed to pass English without passing the state competency test. 

It was such an easy class, I don't remember doing anything in it other than taking 4-5 tests.  The school still got my tuition as if I actually learned anything though.

Yeah, but the problem is you can't go to trade schools for psychology, or business, or history, etc. Or do they offer degrees in such fields at trade schools and I missed something

Yeah, but the problem is you can't go to trade schools for psychology, or business, or history, etc. Or do they offer degrees in such fields at trade schools and I missed something

You did. They require more years of education beyond what a trade school can offer. That's why they are taught at universities. What? You want a trade school doc to perform surgery?

This is the problem, the students now feel entitled to what every school they can get into, regardless of the price. UH cost for resident $7K a year.   

$11,000 a year for resident

I have 2 kids there. Costs the same as one kid at Iolani. (For 2 kids)

http://www.catalog.hawaii.edu/tuitionfees/regtuition.htm

P.S. None of my kids went to Iolani.  Na Alii Baby !

If you are over 50 years old you have no business telling people nowadays how to run their lives. You grew up in an age of economic expansion but now the rules are completely different. Wages are down, inflation is through the roof, universities are loan sharks, the American Dream is dead, and following the traditional path is a one way ticket to financial ruin. Back in the day one working class job used to support a whole family and now even if every member is contributing you can still end up out on the street. The whole country is one massive debt bubble that's set to pop any minute, and this time bailing out the billionaires won't work. No wonder socialism is getting popular again. If you want it to spread faster then keep talking shit like you know what's going on.

If you are over 50 years old you have no business telling people nowadays how to run their lives. You grew up in an age of economic expansion but now the rules are completely different. Wages are down, inflation is through the roof, universities are loan sharks, the American Dream is dead, and following the traditional path is a one way ticket to financial ruin. Back in the day one working class job used to support a whole family and now even if every member is contributing you can still end up out on the street. The whole country is one massive debt bubble that's set to pop any minute, and this time bailing out the billionaires won't work. No wonder socialism is getting popular again. If you want it to spread faster then keep talking shit like you know what's going on.

You have no business telling anyone on this board what they can and cannot say. Being insulting and condescending is also something you have no business doing.

Next time instead of blaming everyone else for Socialism and your own problems, I suggest you look at how you appear to everyone else with your diatribe. I guess being civil is beyond your capability.

$11,000 a year for resident

I have 2 kids there. Costs the same as one kid at Iolani. (For 2 kids)

http://www.catalog.hawaii.edu/tuitionfees/regtuition.htm

P.S. None of my kids went to Iolani.  Na Alii Baby !

I thought it was higher.  I was going to say around 12-13k from what I recall, but I don't have many friends who go to UH or kids at UH.  I had a few friends go through their MBA and EMBA programs and I believe they said it was in the 18-20k range per year, but that was also maybe 3-4 years ago now. 

If you are over 50 years old you have no business telling people nowadays how to run their lives. You grew up in an age of economic expansion but now the rules are completely different. Wages are down, inflation is through the roof, universities are loan sharks, the American Dream is dead, and following the traditional path is a one way ticket to financial ruin. Back in the day one working class job used to support a whole family and now even if every member is contributing you can still end up out on the street. The whole country is one massive debt bubble that's set to pop any minute, and this time bailing out the billionaires won't work. No wonder socialism is getting popular again. If you want it to spread faster then keep talking shit like you know what's going on.

Look at where Socialism is popular.  One is Millenials.  It's attractive to them because they take for granted what capitalism has allowed.  Their parents and grandparents worked hard and left their generation not wanting for much.  Everything is so easy for them, everything is provided, everything is safe.  Yes, that's what I would want for my children, but somewhere the value of where that came from stopped being passed down.  Not with every family as I do have many friends where this issue is in the forefront right now.  One of my best friends has a huge rift in with his 16 yo son because of that very subject.  His ex-wife's family is well to do and spoils the kid, giving him everything he wants and he has come to expect that, much like many of the Millenials of today, at least from what I've seen.  Again, I mean that's great, but he's going to be in for a rude awakening sometime.

There are also other groups where Socialism is quite highly regarded, but I don't want to be labeled a racist or bigot, so I'll just pick on the spoiled Millenials. 

Regarding the issue of trade schools vs four year programs.  One example that I thought about previously (I had written a long post a couple of times, but deleted) was that I do feel that everyone is free to choose whatever college degree they choose.  However, I don't have any sympathy for one that chooses to pursue say a degree in English, only to find that they can't find a well paying job to pay off their student debt.  Yeah, it's good to be idealistic if there aren't any real consequences to your actions.  Much like Millenials as they haven't really started to contribute yet.  They only see the benefits afforded to them by previous generations.  An example was my sister.  She graduated with a degree in English, against the wishes of my parents who were paying for her tuition.  Well, after she graduated, she couldn't find a decent paying job.  She ended up doing the JET program and lived in Japan.  Still, nothing when she returned.  She ended up with an office admin job.  Some think just because they have a college degree that they'll get ahead in life.  Still have to put in the work.  Yes, if you put in the work, that still doesn't guarantee success in life, but it's easy to have relaxed ideals when you're not paying for those decisions. 

If you are over 50 years old you have no business telling people nowadays how to run their lives. You grew up in an age of economic expansion but now the rules are completely different. Wages are down, inflation is through the roof, universities are loan sharks, the American Dream is dead, and following the traditional path is a one way ticket to financial ruin. Back in the day one working class job used to support a whole family and now even if every member is contributing you can still end up out on the street. The whole country is one massive debt bubble that's set to pop any minute, and this time bailing out the billionaires won't work. No wonder socialism is getting popular again. If you want it to spread faster then keep talking shit like you know what's going on.

...
I'm way over 50. But hard work and common sense will allow you to thrive in any economic situation.
My first job was hard work and paid $1.65 per hour.
I went to trade school and rode a bicycle.

Today I have a 3bdrm house, 2 cars, 4 kids and a dog.
I do not live in Kahala, but it's a pretty nice neighborhood with zero crime.

My point is that if you aren't hell bent on trying to impress people with blingy things, you can have nice things and live well without accruing horrendous debt.
like Rocky sez...."act your wage"