[quote]jake_j_m wrote:
[quote]Bambi wrote:
Nothing.
Won a scholarship.
English Literature and Linguistics BA (First Class) and walked into a decent job as well. Somehow.[/quote]
I thought tuition fee’s were nil for all Scottish residents? Nice anyway.[/quote]
Those cheeky Scots haha.
I am at med school in the UK, and I will graduate with >£12,000 debt for tuition fees and probably >£20,000 in further loans from the government for living on.
Wife just graduated with her MS.N. from an adult nurse practitioner program - collectively (undergrad and grad) has 45k and signed a contract that’ll net us about 90k+ a yr.
I have one year left for a degree in economics and finance and I’ll no debt (veteran - GI Bill).
[quote]jake_j_m wrote:
[quote]Bambi wrote:
Nothing.
Won a scholarship.
English Literature and Linguistics BA (First Class) and walked into a decent job as well. Somehow.[/quote]
I thought tuition fee’s were nil for all Scottish residents? Nice anyway.[/quote]
Went to a university in England where we do pay. It’s something my (private) school offers to people who were completely funded on an academic bursary. Very very lucky to get it.
Am i one the only one who sees a very real similarity between student loans, and the home loan crisis? ie. Giving loans to people who wont be able to repay them?
[quote]Aggv wrote:
Am i one the only one who sees a very real similarity between student loans, and the home loan crisis? ie. Giving loans to people who wont be able to repay them? [/quote]
Yes
[quote]Derek542 wrote:
[quote]Aggv wrote:
Am i one the only one who sees a very real similarity between student loans, and the home loan crisis? ie. Giving loans to people who wont be able to repay them? [/quote]
Yes[/quote]
LOL.
It’s definitely not that way in England, that repayment terms are so loose it’s almost impossible for it to ever bother you financially. I presume US doesn’t cripple graduates as much as home owners as well, the aforementioned home owner loan situation being famously illegal after all.
Me: 26k
Wife: 50k
$730/month and that’s mostly just interest only payment…If the gov’t wants to stimulate the economy, forgive all student loans…
The idea you must go to college to make something of yourself is seriously flawed considering how much you’re saddled with debt these days.
I would recommend working this year and paying your principal down as much as you can. Then assess your bills after graduation and pay them off aggressively.
Do not buy a new car, rent a posh apartment et cetera. Pay your debt, build your credit and keep your ratios in line so you actually can afford nice cars and housing at a fairly early age.
It would be nice, but i dont see it happening.
Im in no hurry to pay off my student loans. I’d rather have some extra spending money every month. It’s not like they can take away my degree…
[quote]Aggv wrote:
It would be nice, but i dont see it happening.
Im in no hurry to pay off my student loans. I’d rather have some extra spending money every month. It’s not like they can take away my degree… [/quote]
When you go buy a house or any other major adult purchase in this new chapter of your life, outstanding debt from your previous chapter will negatively affect your ability to live now. I’m guessing you’re a liberal arts major?
[quote]TugYourBoat wrote:
[quote]Aggv wrote:
It would be nice, but i dont see it happening.
Im in no hurry to pay off my student loans. I’d rather have some extra spending money every month. It’s not like they can take away my degree… [/quote]
When you go buy a house or any other major adult purchase in this new chapter of your life, outstanding debt from your previous chapter will negatively affect your ability to live now. I’m guessing you’re a liberal arts major?[/quote]
I just dont plan on buying a house anytime soon.
[quote]Aggv wrote:
[quote]TugYourBoat wrote:
[quote]Aggv wrote:
It would be nice, but i dont see it happening.
Im in no hurry to pay off my student loans. I’d rather have some extra spending money every month. It’s not like they can take away my degree… [/quote]
When you go buy a house or any other major adult purchase in this new chapter of your life, outstanding debt from your previous chapter will negatively affect your ability to live now. I’m guessing you’re a liberal arts major?[/quote]
I just dont plan on buying a house anytime soon.
[/quote]
Cool. Open some credit cards use all your remaining credit to buy stuff you can’t afford too, its super smart to carry around debt.
Lose a job, have an accident or some other emergency and you’ll wish you didn’t owe anyone money. Also, many jobs do credit checks. While a financial institution can’t take your degree, they can make it worthless for all practical intent.
[quote]DBCooper wrote:
Zero debt, two degrees and a teaching credential. That’s what happens when you get a full scholarship to play baseball at a private school though. HAHAHAHAHA![/quote]
All that opportunity and you’re a teacher? Hahahahaha! Is that what happens when you’re a dumb ass?
Lose the podium, dude. Because someone does not want to pay off their loans ahead of time says nothing of their other finances. Perhaps they are making investments with free capital that exceeds the interest rate on their loans. Given that the standard rate of student loans is 3.4-6.8% this can be done with growth stocks, real estate etc. Perhaps their payments are manageable and they appreciate the current time value of money in their consumption values.
I get it, I am debt averse too and try to pay down stuff way ahead of time, and in excess of what is owed. Some people have other obligations or interests, but may not be saddled with debt, they just have a manageable amount.
Regarding the teacher comment really shows your ineptitude at contributing anything beneficial to this discussion.
Would you have teaching be for “dumbasses” that are low paid to educate YOUR children? Thats a great precedent to set. Is it just only stupid people go to education and those that teach could not possibly do something else? False. He was smart enough to graduate with zero debt, and go into teaching because he wants to serve a community. What have you done? DB is also a fairly intelligent poster here. You really havent shown the same in your 18 ignorant posts.
[quote]666Rich wrote:
Lose the podium, dude. Because someone does not want to pay off their loans ahead of time says nothing of their other finances. Perhaps they are making investments with free capital that exceeds the interest rate on their loans. Given that the standard rate of student loans is 3.4-6.8% this can be done with growth stocks, real estate etc. Perhaps their payments are manageable and they appreciate the current time value of money in their consumption values.
I get it, I am debt averse too and try to pay down stuff way ahead of time, and in excess of what is owed. Some people have other obligations or interests, but may not be saddled with debt, they just have a manageable amount.
Regarding the teacher comment really shows your ineptitude at contributing anything beneficial to this discussion.
Would you have teaching be for “dumbasses” that are low paid to educate YOUR children? Thats a great precedent to set. Is it just only stupid people go to education and those that teach could not possibly do something else? False. He was smart enough to graduate with zero debt, and go into teaching because he wants to serve a community. What have you done? DB is also a fairly intelligent poster here. You really havent shown the same in your 18 ignorant posts.[/quote]
A little extra spending money and high yield investment portfolios are not exactly in the same ballpark. Obviously they’re manageable bills, but the attitude of “what are they going to do, take my degree?” lends itself to irresponsible asshattery and mismanagement of money to me.
DB played baseball to graduate debt free… I’d make excuses too if I were a teacher. Noble sounding excuses.
[quote]TugYourBoat wrote:
[quote]DBCooper wrote:
Zero debt, two degrees and a teaching credential. That’s what happens when you get a full scholarship to play baseball at a private school though. HAHAHAHAHA![/quote]
All that opportunity and you’re a teacher? Hahahahaha! Is that what happens when you’re a dumb ass?[/quote]
Actually, I just got a job with the Department of State which I will be starting in September. I’m a Foreign Service Specialist within their International Information English Language Program. I’ll start out making just under 100K a year, with tax-free housing and the like, and I’ll be living overseas. Not sure where yet. But the best part is that I’ll get paid to travel to all sorts of foreign countries and do what I love for a wage that I can readily support a family on.
Sorry, pal. Try to project the self-hatred you have for your myriad failings in life onto someone else, like HoustonGuy.
[quote]TugYourBoat wrote:
[quote]666Rich wrote:
Lose the podium, dude. Because someone does not want to pay off their loans ahead of time says nothing of their other finances. Perhaps they are making investments with free capital that exceeds the interest rate on their loans. Given that the standard rate of student loans is 3.4-6.8% this can be done with growth stocks, real estate etc. Perhaps their payments are manageable and they appreciate the current time value of money in their consumption values.
I get it, I am debt averse too and try to pay down stuff way ahead of time, and in excess of what is owed. Some people have other obligations or interests, but may not be saddled with debt, they just have a manageable amount.
Regarding the teacher comment really shows your ineptitude at contributing anything beneficial to this discussion.
Would you have teaching be for “dumbasses” that are low paid to educate YOUR children? Thats a great precedent to set. Is it just only stupid people go to education and those that teach could not possibly do something else? False. He was smart enough to graduate with zero debt, and go into teaching because he wants to serve a community. What have you done? DB is also a fairly intelligent poster here. You really havent shown the same in your 18 ignorant posts.[/quote]
A little extra spending money and high yield investment portfolios are not exactly in the same ballpark. Obviously they’re manageable bills, but the attitude of “what are they going to do, take my degree?” lends itself to irresponsible asshattery and mismanagement of money to me.
DB played baseball to graduate debt free… I’d make excuses too if I were a teacher. Noble sounding excuses.[/quote]
What is your obsession with me, HoustonGuy? I rarely ever post on here outside of the MLB thread anymore, and yet, when I do I can be guaranteed to see another of your ignorant, snide little posts running after one of my posts like some half-retarded, shithead little kid chasing after his daddy who “went to the store” and has no intention of coming back. You’re a fucking child who comes on here and is so ingratiating and has so little to contribute to anything that everyone automatically ignores you. That’s why you have like three or four different screen names, which isn’t fooling anyone. The only thing you have going for you is that you have an easily-recognizable, very unique way of making yourself look like a bitter old fagot. You should copyright that particularly unique skill set of yours and make some money with it.
The problem with you is that you try to act like some cool guy who really understands the way the world works, and yet you’re really just a pathetic little boy sitting in some fucking cubicle in the industrial area of Houston with nothing better to do with your life than fuck around on here all day hoping that no one figures out you’re really the same dumb motherfucker who everyone put on ignore 3 screen names ago. You’re a fucking joke who is representative of everything wrong with this country.
[quote]DBCooper wrote:
[quote]TugYourBoat wrote:
[quote]DBCooper wrote:
Zero debt, two degrees and a teaching credential. That’s what happens when you get a full scholarship to play baseball at a private school though. HAHAHAHAHA![/quote]
All that opportunity and you’re a teacher? Hahahahaha! Is that what happens when you’re a dumb ass?[/quote]
Actually, I just got a job with the Department of State which I will be starting in September. I’m a Foreign Service Specialist within their International Information English Language Program. I’ll start out making just under 100K a year, with tax-free housing and the like, and I’ll be living overseas. Not sure where yet. But the best part is that I’ll get paid to travel to all sorts of foreign countries and do what I love for a wage that I can readily support a family on.
Sorry, pal. Try to project the self-hatred you have for your myriad failings in life onto someone else, like HoustonGuy.[/quote]
LOL that’s awesome man
oh yeah, forgiving SL’s would never happen, but it’s nice to dream… seriously, would be awesome to have an extra $700/month for the next 20-30 yrs
About $600 ATM in credit card debt. No school debt. I have 1 year left on my PhD in electrical engineering. Scholarships/fellowships + working hard labor jobs every summer in the oil field (making like 35k a summer) during undergrand + a 30k/year stipend since I’ve been in grad school. I’ve definitely been blessed with opportunities.