Skip to comments.Students Pay SLM 9.25% on Exploitative Loans for College (Bloomberg Link Only)
Posted on 06/05/2012 8:02:30 AM PDT by C19fan
(Excerpt) Read more at bloomberg.com ...
1: Going almost $100 K in debt to be a "graphic designer".
2: I am sorry but attending some school for a degree in graphic design is not going to a real college. The market seems to think her degree is useless because she a hostess at a pizza parlor.
3: I am doing some home improvement work and I am being charged 12% interest. I understand because it is an unsecured loan and these students think they should get unsecured loans for the same rate as getting a 20% down mortgage.
Another loser is paying almost $40 K for a Art and Design school???
Is the whiner’s name “Julia”, by any chance?
Boo hoo. Poor me. I thought that Phd in French Literature would be the key to wealth and success. Guess not. How do you say “Do want fries with that?” in French?
On a side note taking in any of the Diamond Jubilee festivities?
Don't worry, you'll pay back that $250k in student loans in no time with a Masters in Eastern Political Thought.
Graphic design? She should: Get a book on photoshop. Get another on graphic desigh. Read both. Then she'll probably learn as much as she did for the $100k.
-—Get a book on photoshop. Get another on graphic desigh. Read both. Then she’ll probably learn as much as she did for the $100k.——
As a graphic designer and illustrator, I can say that you are... correct.
The same principle holds true for most professions.
Part of a steady media drumbeat building to a crescendo sometime around September.
This will be built up into a “crisis” and then Obama will propose loan forgiveness in a second term. Mark my words.
If his poll numbers continue to struggle he might make the announcement as an October surprise.