Guest three3 Posted June 17, 2009 Share Posted June 17, 2009 http://roomfordebate.blogs.nytimes.com/200...ebt-fools-gold/ the most telling words are found in the comments section Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted June 17, 2009 Share Posted June 17, 2009 Very interesting. My brother got a Bachelor’s in chemistry at UCLA in the late 60's for $1000 a year tuition. Now I know about inflation,but those numbers are astonishing. But Buffalo cops RETIRE at $100,000 a year? Link to comment Share on other sites More sharing options...
Guest three3 Posted June 17, 2009 Share Posted June 17, 2009 what kind of lives are these kids going to live if saddled by ever growing debt for years into their adulthood? according to bankruptcy laws, student loans are not forgiven. i fear that a lot of these grads with low paying or no jobs are going to kill themselves. Link to comment Share on other sites More sharing options...
Tcali Posted June 17, 2009 Share Posted June 17, 2009 Very interesting. My brother got a Bachelor’s in chemistry at UCLA in the late 60's for $1000 a year tuition. Now I know about inflation,but those numbers are astonishing. But Buffalo cops RETIRE at $100,000 a year? Is that true?? lol....then New York State etal deserve to be in the same financial hell that Califpornia is in.Police and firefighters are grossly overpaid out here...and their pensions are embarrassingly large...But that will have to change soon. Link to comment Share on other sites More sharing options...
ACor58 Posted June 17, 2009 Share Posted June 17, 2009 It amazes me that theses !@#$ing colleges and universities are classified as non profits. The government should start taxing the sh-- out of them like everyone else. Link to comment Share on other sites More sharing options...
Magox Posted June 17, 2009 Share Posted June 17, 2009 It's frickin ridiculous. My wife went to this puny ass 2 year college before we had met, and owes $60,000 for a 2 year degree that she can barely use. No way in hell she would of went if I had met her then, but it is what it is. Link to comment Share on other sites More sharing options...
damj Posted June 17, 2009 Share Posted June 17, 2009 It amazes me that theses !@#$ing colleges and universities are classified as non profits. The government should start taxing the sh-- out of them like everyone else. I had the same choice to make in '87 ... I really wanted to go to Syracuse ... I had financial assistance, but was still facing $15K/year in loans ... vs. UB which was free ... Link to comment Share on other sites More sharing options...
Captain Quint Posted June 17, 2009 Share Posted June 17, 2009 The bottom line is that nobody's forcing people to attend colleges that they can't afford. I can't even dream of taking out $50K or $100K in student loans, most before the age of 25. Thats insanity! Some people just weren't meant to be doctors or go to law school or Ivy league schools. It's like the person who buys a Lexus because they're wealthy friends did, and then complains about the payments. Bottom line is to go to a college that you can afford to attend. Take out a reasonable amount of debt if you need to, but don't overextend yourself. I'm in my late 20's and have a degree from a PA State school and have realized that your pedigree isn't nearly as important as your work ethic, life skills, & how you create your own opportunities. Digging yourself into a hole prior to getting off the starting line is nobody's fault but their own. Link to comment Share on other sites More sharing options...
Guest three3 Posted June 17, 2009 Share Posted June 17, 2009 i really think this is the next 'bubble' to burst. it is amazing that the gov't thinks it is acceptable to bail out banks and people who bought homes way out of their price range in order to live in luxury but will not bail out kids that tried to better themselves by getting an education Link to comment Share on other sites More sharing options...
bills_fan Posted June 17, 2009 Share Posted June 17, 2009 The bottom line is that nobody's forcing people to attend colleges that they can't afford. I can't even dream of taking out $50K or $100K in student loans, most before the age of 25. Thats insanity! Some people just weren't meant to be doctors or go to law school or Ivy league schools. It's like the person who buys a Lexus because they're wealthy friends did, and then complains about the payments. Bottom line is to go to a college that you can afford to attend. Take out a reasonable amount of debt if you need to, but don't overextend yourself. I'm in my late 20's and have a degree from a PA State school and have realized that your pedigree isn't nearly as important as your work ethic, life skills, & how you create your own opportunities. Digging yourself into a hole prior to getting off the starting line is nobody's fault but their own. True, but depending upon the industry you want to work in, pedigree can be very important. Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted June 17, 2009 Share Posted June 17, 2009 Is that true?? lol....then New York State etal deserve to be in the same financial hell that Califpornia is in.Police and firefighters are grossly overpaid out here...and their pensions are embarrassingly large...But that will have to change soon. Very true,and has been for decades. The trick is the pension is figured on the last 2 years of your income,and if your close to retirement you put in for massive amounts of overtime to bump up the figure. Erie county sheriffs would work a normal shift,then put in 8 hours at a desk at the holding center. 16 hour days add up quick. Link to comment Share on other sites More sharing options...
SDS Posted June 17, 2009 Share Posted June 17, 2009 http://redtape.msnbc.com/2009/05/college-d...on-instead.html "Hernan Castillo is treading water, trying to survive under the weight of $5,200 in credit card debt and $30,000 in student loans. He’s making payments on time, but the Orange County, Calif., resident sees little hope for getting out of the warehouse job he holds and landing a job as an accountant, the field in which he earned his degree. And forget about saving money for a home or retirement. He now firmly believes the money he spent earning a college degree was a waste." Link to comment Share on other sites More sharing options...
Guest three3 Posted June 17, 2009 Share Posted June 17, 2009 not only will he not be able to save for retirement but his social security won't exist when he retires. he has paid into a system that benefits his elders but chances are will never benefit him Link to comment Share on other sites More sharing options...
Acantha Posted June 17, 2009 Share Posted June 17, 2009 i really think this is the next 'bubble' to burst. it is amazing that the gov't thinks it is acceptable to bail out banks and people who bought homes way out of their price range in order to live in luxury but will not bail out kids that tried to better themselves by getting an education The government had their hand in this problem just like they did the mortgage and wall street problem. Trying to get involved with the cleanup and making things worse is (was) a bad idea for all of them. Link to comment Share on other sites More sharing options...
Captain Quint Posted June 17, 2009 Share Posted June 17, 2009 True, but depending upon the industry you want to work in, pedigree can be very important. Right, but I think the point I'm trying to make is that every career isn't cut out for just anyone. If daddy's loaded and wants to pay for med school, by all means, go for it. But whats the point in swimming in debt for the first 40 years of your life just to be a doctor or a professor at a university? Just because you want to be one? To me it seems foolish. I'm not trying to tell anyone what to do, but that's just my outlook. The way I see it, you need to make your choice based on your means at the time. There's nothing stopping me from going back to school when I'm in my 30's or 40's and getting a doctorate once I'm debt free and have money in the bank to pay for it if that's what I wanted to do (which it isn't). Link to comment Share on other sites More sharing options...
plenzmd1 Posted June 17, 2009 Share Posted June 17, 2009 I am usually a pretty compassionate guy, but 90% of the comments on there sounded like whiney little bitches who made a bet and now that the bet has failed to pay off, are looking for sympathy and wanting someone else to bail them out. One comment on there from a mother who wiped out her entire 401K and savings account so her daughter can go to a nice college...ARE YOU FRIGGEN CRAZY!!!! As an employer, if i knew this, no way I am hiring that kid, think of how entitled she thinks she is. I have no idea where this notion came from that every kid needs to go to an Ivy . BTW, in my little corner of Richmond VA, a popular route now is to send the kid to Community College for the first two years, then to the pricey school for the last two. The BA degree will still be from the 4 year, but one can save $50-$60K by doing this. And, it can be much easier to get in after the knuckleheads have flunked out, and one has good to great grades in college. Link to comment Share on other sites More sharing options...
Guest three3 Posted June 17, 2009 Share Posted June 17, 2009 what's the sense in doing any hard work in high school if you are going to a community college afterwards? admission to elite universities should be based on accomplishments not how much money mommy and daddy have Link to comment Share on other sites More sharing options...
gmac17 Posted June 17, 2009 Share Posted June 17, 2009 I'm in my late 20's and have a degree from a PA State school and have realized that your pedigree isn't nearly as important as your work ethic, life skills, & how you create your own opportunities. the further out from college i get, the less the school means to me (on both sides - hiring and applying). True, but depending upon the industry you want to work in, pedigree can be very important. but this still holds true - especially in finance (which you are probably referring to). My wife can't stand that her boss won't look at any resumes from state schools (where she went). The smartest kid at albany or geneseo or UB has zero chance of getting in the door in her department while the dumbest kid at Penn has a shot. Link to comment Share on other sites More sharing options...
kegtapr Posted June 17, 2009 Share Posted June 17, 2009 BTW, in my little corner of Richmond VA, a popular route now is to send the kid to Community College for the first two years, then to the pricey school for the last two. The BA degree will still be from the 4 year, but one can save $50-$60K by doing this. And, it can be much easier to get in after the knuckleheads have flunked out, and one has good to great grades in college. Hell, I went to state school and I wish I had done this. Unfortunetly, there used to be a stigma attached to attending a community college. It was viewed as for the poor or dumb kids. I'm glad to see that is changing before my kids reach that age. Link to comment Share on other sites More sharing options...
Guest three3 Posted June 17, 2009 Share Posted June 17, 2009 the further out from college i get, the less the school means to me (on both sides - hiring and applying). but this still holds true - especially in finance (which you are probably referring to). My wife can't stand that her boss won't look at any resumes from state schools (where she went). The smartest kid at albany or geneseo or UB has zero chance of getting in the door in her department while the dumbest kid at Penn has a shot. elite universities used to admit students based on high school accomplishments. now that the economy has tanked what matters more and more is whether you have the ability to pay for the elite education last year and this year more elite universities have turned down highly accomplished students because their parents did not have the money to pay the tuition. the demand for financial aid has skyrocketed and the best schools can no longer award loans/grants to all the students that need the funding Link to comment Share on other sites More sharing options...
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