Posted on 03/17/2012 8:57:01 AM PDT by Sub-Driver
if she was under 18 when she signed a contract it is voidable, but I believe she was 18 and responsible for her own actions..her parents are responsible for theirs, I am not.
Next thing you know whe will want free birth control....those lawyers seem to try and do a lot of screwing to taxpayers...
No they don’t. I didn’t read where she was a lawyer until after I posted and have even less sympathy. We don’t need more lawyers, though that isn’t why I have less sympathy.
Lawyer wages are starting to deflate. Though it is traditionally a higher that median paying job, which is what makes her complaints even more egregious in my mind. She is one of the few who should pay a lot for education because they payback will be a lot. Risk/reward-investment/return. For most people I don’t think shelling out 6 figures is worth it.
And I don’t begrudge anyone doing what they want. I truly would never want anyone to have to take a job that is unsatisfying. But if you crowd a high paying field with new labor (e.g. lawyers) wages will deflate and education costs will inflate. In fact lawyers are being forced out of their partnerships (by mutual agreement/contract) to make room for the young bloods... which to me make absolutely no sense. A lawyer with 40 years experience is worth a lot more than one with four. But the firms need to give the younger ones the experience and get a return on their investment in them too. So a lawyer in a good firm will do well, but will not necessarily have more than 30 years - she will be out when he/she is 60 or so by mutual agreement. This serves in part to keep the ranks thinner and shift the supply/demand curve.
I agree that what she did wasn’t wise. I went to community college, and now I’m at a state college. I also used the GI Bill. My loan payments won’t be large when I am through.
It just seems that many posters here at FR continually down college. So many people go now that’s it’s extremely hard to get a job without one. I had a TS/SCI clearance, was a veteran, and had an excellent letter of recommendation from a high ranking Federal official. I didn’t get hired due to my lack of a degree.
You must understand, The Washington Post specializes in publishing “oh poor me” stories.
I believe that, and believe it is true to a point. I own my own business. If I had two applicants one with 4 years experience and one with a 4 year degree, the one with experience will likely get the gig. Though I admit that is not true everywhere or for every position, and I bet big corporations and government employers are looking for people with degrees and expect they will stay on for a career.
I am definitely not anti-education. I think what most on here object to is the watering down of higher education and the politicization of education.
I have known many people with college loans who have payed them back over the ten year period. That is the way it should be done, unless of course, they can repay it faster.
They still managed to have disposable income, get married and have children they support.
Those holding onto those loans for 25-30 years are not making money and usually it’s because they went into large debt to obtain a degree that had little real world(private sector) value.
Teaching and the social services degrees are the worst because they cost a fortune and the entrance income for teachers and social workers is low. They have to get more and more “education” to up their income and so it is a vicious cycle. Meanwhile they put off for longer and longer their loan repayment.
Or, how about those who get useless degrees and then go into fields where their degree has no benefit to them or their employer.
Sorry, not buying the lib argument that it’s all Bush’s and the Republicans’ fault. That legislation was a reaction to the fact that the default rate for student loans was soaring. This problem existed long before Bush even took office.
You want to find the culprit? Look at liberal government policies that caused the costs of schooling to rise at a rate that far outstrips the rate of the raise in the cost of living and the rate of wage/income increases.
If you are going to go into debt for your education, you should have to pay it back. Look into the long term possibilities and know what you are getting into before you sign off for hundreds of thousands worth of debt.
There are useful degrees and there are socialist ideology degrees. Often young people who should not even be in college major in areas that they can get an easy abet useless degree. Young people are being encouraged to go into big debt for a degree in crazy things like social services, race(ist) studies or women's studies. When they graduate, there is no way they will make enough money to pay off their debt in a career. It's setting up young people for failure and hard times. It should not happen.
The other problem is young people taking on too much debt even when getting a useful BA. They don't work as they attend classes. They live on campuses and wrack up all their living expenses on debt. It is not right for self serving banksters, colleges and Universities to pretend graduating with a B.A. and the equivalent of a house mortgage is a good idea. Even if college students have to take longer to get through school and have to live at home while getting a degree, they are better off avoiding that steep measure of debt!
So what you hear from Freepers is often contrary to what you hear in the mainstream. It does not mean they dislike students or college. They dislike young people getting ripped off by self serving professionals who should know better and care about the truth more.
Good luck in school, EEGator! Avoid debt!
I am in complete agreement with your statement. I was applying for a federal job. (NSA, FBI, and CIA)
Thanks. I agree with many degrees not being worth the cost. I’m going for engineering, so hopefully it pays off.
I am sure it will. :)
1. I have put 3 kids thru college.The schools and financial “counselors” advise students to apply to their dream schools without regard to the costs. The students and parents both heard this continually all thru high school. They trusted teachers and advisers while seeming to not realize that the schools have a vested interest in having graduates attend highly ranked schools...the parents and community are impressed by the placement stats and will support higher taxes.
2. Local and state taxpayers are already subsidizing higher education through taxes. If students choose not to attend, it is their choice, but we should not have to bailout private tuition. As with primary and secondary schools, it is the parents choice to send their children to private schools; however, they are not demanding bailouts.
3. Look at the endowments of the top private schools. Why can’t they pay off some of their graduates’ student loan debts versus tax payers? Harvard 25 BILLION!!!!
https://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment
The problem with the entire scheme is that it drives the system away from stability.
By “forgiving” debts, it encourages more people to go into debt; also, the more people wit a degree, the less valuable each degree becomes as a market differentiator.
By insulating colleges from the cost of their failures, it encourages colleges to continue to accelerate costs above the rate of inflation.
It fails to force colleges to trim costs; rather it saddles taxpayers with a hidden tax (the loan “forgiveness” program) while continuing to shovel taxpayer money, as loans, to left-leaning college administrators and faculty.
Obama is not the smartest president ever, as he fancies himself; but he is smarter than anyone who voted, or will vote, for him...
Melissa M. Horton is a graduate of Simmons College in Boston and Southern Methodist University’s Dedman School of Law. She served with the Air Force Judge Advocate General’s Corps before practicing law in Texas.
Actually Harvard now has $31+ Billion in endowment; the $25B was from 2005.
Bankruptcy must be initiated to get out of the loans.
****************
Government student loans are not cleared by filing bankruptcy.
Are ther responsible adults running the Universities? Or are they pushing loans the kids can't pay back?
Since most colleges and Universities are liberal, can we assume they've given themselves a 'pass' on the damage they're doing to the young? Maybe like Florida 'Time Share' hucksters - money in their own pockets trumps all? Gotta fill those classroom seats...
Some degrees have jobs at the end - like engineering. A university counselor might tell parents 'here's how long (average) it will take your child to pay off the loan... etc. Or 'your child is majoring in French Lit ? Maybe they should live at home the first two years - and borrow for the last two - carefully...
There are adults at these schools, right?
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