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Student Loan Nightmare: Help Wanted
Anderson Cooper 360 blog (CNN) ^ | 4/1/2009 | Samantha Hillstrom

Posted on 04/01/2009 9:40:35 AM PDT by Arguendo

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To: caseinpoint

Well I just took an exec position in the Federalist Society to give me something to occupy the time 3L year... and a platform from which I can indoctrinate the first-years.


81 posted on 04/01/2009 10:44:02 AM PDT by Arguendo
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To: tatsinfla
I have been fighting Sallie Mae for many months because I suspect they doubled up on my daughter’s loans from a consolidation a couple of years ago.Besides having to talk with outsourced call desk help somewhere in Asia, trying to get information from them is next to impossible. Sallie Mae = Freddie Mac in terms of incomptetence.
82 posted on 04/01/2009 10:44:18 AM PDT by Apercu ("A man's character is his fate" - Heraclitus)
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To: caseinpoint

That’s not so. It is primarily to an person to be self-responsible, but to argue that it is no one else’s burden is wrong too. Part of the burden of life must be shared.


83 posted on 04/01/2009 10:45:06 AM PDT by bvw
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To: E. Pluribus Unum

Cost-benefit analysis is not part of the curriculum. You need to be more diverse and look at the value of human relation’s courses. Please report to the Indoctrination Department for mandatory counseling.


84 posted on 04/01/2009 10:46:38 AM PDT by antidisestablishment (Our people perish through lack of wisdom, but they are content in their ignorance.)
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To: bvw

I didn’t bother. It was well phrased the first time, and you don’t want to understand the point, you just want to argue.


85 posted on 04/01/2009 10:48:10 AM PDT by Arguendo
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To: Arguendo

Awwwwright! The virus will spread. Good luck and I hope you can find New York life affordable and conducive to your future. I doubt you will have trouble with the bar if you take it seriously, unlike plenty of trust fund babies who party away their study time on Martha’s Vineyard or The Hamptons.


86 posted on 04/01/2009 10:48:19 AM PDT by caseinpoint (Don't get thickly involved in thin things)
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To: Arguendo
I chose to go to a private school and I chose to work in a field where the starting salaries are low. Does that mean that I chose to live a life of struggle, wondering how I am going to pay my rent, afford the basics of living and still stay in my chosen career field…all while putting up with high interest rates and an amount of debt that brings me to tears?

Well, duh.

87 posted on 04/01/2009 10:50:28 AM PDT by Cyber Liberty (Pretending the Admin Moderator doesn't exist will result in suspension.)
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To: Arguendo
I chose to go to a private school and I chose to work in a field where the starting salaries are low. Does that mean that I chose to live a life of struggle, wondering how I am going to pay my rent, afford the basics of living and still stay in my chosen career field…all while putting up with high interest rates and an amount of debt that brings me to tears?

Actually, that's EXACTLY what it means. Choices have consequences. I'm not a huge fan of Dr. Phil, but sometimes he nails it. "You choose the behavior, you choose the consequences." And while we're asking questions, how about this one? I chose not to live beyond my means. I chose not to go deeply into debt to fund my education. I chose to enter a career field that earns me a decent living. Why should I now have to fork out extra money in taxes to bail out Sam's sorry behind, because he chose poorly?

88 posted on 04/01/2009 10:50:38 AM PDT by Hoffer Rand (There ARE two Americas: "God's children" and the tax payers)
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To: Mamzelle

Yes, I am increasing of the opinion that the “college degree” and the “student loan” are working hard together to sap our youngest and most promising citizens. The cost of a college education is nuts, the private loans are usurious, and you can’t discharge them in bankruptcy.


89 posted on 04/01/2009 10:50:45 AM PDT by Marie2 (The capacity for self-government is a moral quality. Only a moral people can be free.)
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To: Arguendo

I agree. There is no excuse for not paying the loans back, though today they represent a poor investment for most. The correlation between education and remuneration are less reliable as the costs increase and intrinsic value is replaced by compulsory mediocrity.


90 posted on 04/01/2009 10:54:06 AM PDT by antidisestablishment (Our people perish through lack of wisdom, but they are content in their ignorance.)
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To: bvw

It is no one else’s burden unless you bargain for it and pay for it. People aren’t responsible for you, not even your parents once you become an adult. You can purchase responsibility with money and other barter but no one has a duty to look after your needs unless they voluntarily assume it in a contractual relationship where the duty is valued and somehow paid for accordingly. You might counter with “tuition is paying for a course”, and it is but only to deliver the advertised content of that course. If you want the universities to assume a higher responsibility towards the students, the students have to bargain for it ahead of time.


91 posted on 04/01/2009 10:56:35 AM PDT by caseinpoint (Don't get thickly involved in thin things)
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To: MNDude

I read some of the comments but none topped this:

“Isabel (Brazil) March 30th, 2009 9:30 am ET

Money spent on education is always valid, even if the person is a bit broke after the investment. (within a minimum of sense)

The person may lose the house, you can lose the car, but what learn never lose. Knowledge is a legacy that no one takes.

And the more the better! After the university, (within the conditions of each one, of course), the person should go to a post-graduate, MBA and so on …
This is an investment … I’m just me recapitalised for begin a master’s degree. We can’t stop - never!”

A true edjakashun junkie.


92 posted on 04/01/2009 11:02:26 AM PDT by Old Professer (The critic writes with rapier pen, dips it twice, then writes again.)
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To: Arguendo

we pre-obama a program was passed that would be a percentage of the income for the loan payment starting in 2009.

In addition if you work for the government they have loan forgivnes for each year of work. Essentially if they work for the governemnt for 10 years the loan goes away. (can you say slave wages)

Further on top of this student loans are not dischargable in bankruptcy UNLESS you successfully apply for a hardship discharge. Hardship has to be a legit hardship such as dying, you have no viable chance at a job because you are prohibited from working in an industry, or some other impossible to overcome circumstance.

I think this is about pushing for mandatory public service as a means of dealing with the student loans. IOW the rich kids or those with connections will go to school without the obligation and the serf class will have to serve obama.


93 posted on 04/01/2009 11:02:50 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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Where in the hell were her parents.

When my daughter was looking at schools, I sat her down with a calculator. As someone who was pretty high up in a regional bank, I knew what I was talking about.

The cost of an education, aside from a specialty such as engineer or MD, is not directly correlated to the income you can get from that education.

I showed her what four years at $45,000 would cost her in loans. Then I showed her what four years of state colleges would cost her. Then we looked at monthly loan payments. She would have to make almost $10-15,000 a year upon graduation MORE before taxes, to break even. And that doesnt count the opportunity savings/costs associated with getting out debt free.

And she thought she was going to make that in TV?

This chick is a moron of the highest degree. I guess that would a PhD Moron


94 posted on 04/01/2009 11:05:41 AM PDT by Vermont Lt (Ein Volk, Ein Riech, Ein Ein.)
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To: Arguendo

I can’t believe a slacker like you works for the Federalist Society.


95 posted on 04/01/2009 11:07:39 AM PDT by bvw
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To: Vermont Lt

And...

If you were running a university, strapped for operating cash like everyone else, wouldn’t you simply raise your tuition to match any increased tax credit, or reduction in student loan costs?

For the most part, college is a racket. I look back at what I learned, and the most important classes for me were the ROTC Leadership classes, and my Business Taxation class. One taught me not to be a victim. And so did the other.


96 posted on 04/01/2009 11:11:02 AM PDT by Vermont Lt (Ein Volk, Ein Riech, Ein Ein.)
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To: bvw

You’re being ridiculous.


97 posted on 04/01/2009 11:56:15 AM PDT by Arguendo
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To: caseinpoint

Thanks!


98 posted on 04/01/2009 11:56:42 AM PDT by Arguendo
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To: Arguendo

A lot of the scary stats on failure to pass the bar come from two groups: graduates of decent law schools who either partied too much or are gambling they can pass without studying (and they will retake if they don’t pass), or graduates of the cheapo correspondence or night law schools. They can really drag down the stats but serious graduates of good schools usually pass without a problem. I’m sure you will be in the latter group.


99 posted on 04/01/2009 12:02:02 PM PDT by caseinpoint (Don't get thickly involved in thin things)
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To: Arguendo
I am 23-years-old, two years out of college and I am sitting on $115,000 of student debt. And based on my lender’s loan terms, I only have roughly 12 years to pay it off

Sue your high school for not teaching you math.

100 posted on 04/01/2009 12:04:16 PM PDT by Jim Noble (They are willing to kill for socialism...but not to die for it.)
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