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groundloop

(11,514 posts)

17. Furthermore, once upon a time it was possible to work your way through school

Reply to potone (Reply #16)

Tue Mar 29, 2016, 11:23 AM

Mar 2016

I managed to pay my own way through college (twice), with a minimal amount of student loan debt that wasn't difficult to pay off. Nowadays, because of the significantly higher cost of college coupled with those stagnated wages it's simply not possible to get through college without either a large amount of debt or else huge infusions of cash from your parents.

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RULING ON LAW SCHOOL GRAD'S DEBT MAY SIGNAL 'SEISMIC' SHIFT IN LOAN PRACTICES [View all] Liberal_in_LA Mar 2016 OP

This ruling applies to a very narrow band of loans, unfortunately alcibiades_mystery Mar 2016 #1

I can't see where Citi has a leg to stand on here, frankly, but I agree this is a narrow part Recursion Mar 2016 #8

Citi has no leg to stand on alcibiades_mystery Mar 2016 #10

I wonder what it looks like on paper JustAnotherGen Mar 2016 #2

when considering applying to a graduate program hopemountain Mar 2016 #3

On that's so unfortunate. a la izquierda Mar 2016 #5

thank you, a la izquierda - hopemountain Mar 2016 #32

Blessing in disguise? I was all set for law school but was informed that Land of Enchantment Mar 2016 #28

my goal was a masters in conflict resolution, hopemountain Mar 2016 #31

So you are one of those rare souls who is literally Land of Enchantment Mar 2016 #33

thank you, land of enchantment hopemountain Apr 2016 #34

Sorry, but borrowing 300K skepticscott Mar 2016 #4

They sell these law school candidates on the $130,000 start and $40,000 bonuses at alcibiades_mystery Mar 2016 #11

Exactly skepticscott Mar 2016 #29

It's all about personal responsibility. Trust Buster Mar 2016 #6

Then corporations should have to exhibit the same personal responsibility groundloop Mar 2016 #7

I used to believe that. KansDem Mar 2016 #12

Nonsense. potone Mar 2016 #16

Furthermore, once upon a time it was possible to work your way through school groundloop Mar 2016 #17

Yes, and another thing has changed for the worse. potone Mar 2016 #18

That's adorable. LanternWaste Mar 2016 #24

Bar loans charge a higher interest rate precisely because they are not geek tragedy Mar 2016 #9

Right...they don't get to mitigate their risk BOTH with higher interest AND non-dischargability! alcibiades_mystery Mar 2016 #13

Oh but wouldn't they like to! (nt) Recursion Mar 2016 #14

it was a bullshit argument, and the courts shot it down nt geek tragedy Mar 2016 #19

Bailout..................................... turbinetree Mar 2016 #15

You can get a car loan for 4% interest, but a school loan costs 14% DebbieCDC Mar 2016 #20

I got a car loan for 0.9%... I'm thinking that maybe when planning 1monster Mar 2016 #22

Good idea, if you have the collateral. JustABozoOnThisBus Mar 2016 #25

I didn't say it would be easy. Student loans are too easy. Not because 1monster Mar 2016 #26

It's a load of crap! jzodda Mar 2016 #21

Exactly. Myrina Mar 2016 #23

Some advice..... llmart Mar 2016 #27

Next financial bubble to burst: student debt credit default swaps. Dont call me Shirley Mar 2016 #30