Once again, your argument in this post is totally different from your initial claims.
Young, Dumb, and Broke
- Thread starter The Cooterpoot
- Start date
Did you even look at the chart that started this entire thread? The discussion was the rising number of defaults that seem to be going parabolic
Asking for a study on SPS is lmao but here is an article about the 1.72T (TRILLION WITH A T) student loan bubble. Hopefully this is enough data for you to comprehend that college is too expensive and the loans are killing kids. Dare I say a scam?
What went wrong with federal student loans? | Brookings
Adam Looney and Constantine Yannelis examine the policy choices that created today's high student debt burdens.
www.brookings.edu
A wave of student loan borrowers have entered default since pandemic-era protections lapsed
Today, around 9.5 million people — 1 in 5 federal student loan borrowers — are in default, meaning they are more than nine months behind on their payments.
www.pbs.org
A lot of kids this age also think that this is when hard work is supposed to start. If you want to avoid or at least lessen the height of so many of the hurdles that this generation likes to complain about, one piece of advice is to stop waiting until you're 25 to do something about it. Take grades and education seriously as a youth, and there is absolutely zero reason for a college education to drive you into bankruptcy.
I feel for this generation just as my parents' boomer generation could offer little more than best wishes to mine, but the age old formula of education, savings, and living within your means still applies today. Show me 100 people making posts about their struggles on social media, and I'll show you 99 that could've done something about it, but chose not to.
This isn't point a finger at you in particular or anything - but is there a point where we talk about the ones doing the robbing?
Absolutely, but if you tell me you want to buy something that I’m selling, and you tell me you don’t care what it costs, I’m going to take that into account when I give you a price.
A ton of truth good post but I want to add one little wrinkle that is something I see and tell all the kids I have in my orbit. Kids today train hard for school & standardized testing. The amount of 30s on the ACT that comes out of the big public schools in my area is astonishing. It was rare 25 years ago. I think some of these kids lean in to the emphasis on education & they’re excelling, but they think after college the big jobs and big money are supposed to be handed to them. They think they’re entitled to $300k because of their academic achievement. The vast majority of my peers who are 38-42 who are dominating professionally & financially weren’t the brilliant academic kids. It’s the hustlers/organizers/entrepreneurs who make **** happen and work hard at it. I tell all the kids in my orbit that the 32ACT & full ride is an incredible accomplishment but that’s just the start. You aren’t entitled to any success whatsoever if you can’t get out there and separate yourself from the pack in the work force.
Agree 100% there. Thats who the “scam” language I used was directed at, not the kids or even the actual schools
the government isn't the only actor here. Universities have a big, big role too.
I don’t disagree. When they saw kids willing to take unlimited loans, and the govt willing to hand out unlimited loans, the universities decided to take all they could. It’s ridiculous, but if you want to buy the widgets I’m selling with that same mindset, I’ll give you a ridiculous price as well. Nothing will change until the consumer gets more frugal.
Good for you. If attending football games causes you to go into debt I would suggest not doing that.
If you can absorb the cost, pay your bills, and still come out ahead each month then go for it.
See? It ain’t that hard.
No. I said the opposite. Try reading slowly.
Who is arguing that? Again, read slowly and stop and think about what I wrote for a minute or two. My argument is nuanced but, as almost all studies show, the ROI makes a college degree worthwhile and beneficial except for some majors. Don't got to a private university unless you can afford it. I'm fine with having my views challenged but I'm really not interested in supporting opinions you want me to have.
So is college a scam, and social security, and Medicare or the student loan industry...You keep changing your argument.Did you even look at the chart that started this entire thread? The discussion was the rising number of defaults that seem to be going parabolic
Asking for a study on SPS is lmao but here is an article about the 1.72T (TRILLION WITH A T) student loan bubble. Hopefully this is enough data for you to comprehend that college is too expensive and the loans are killing kids. Dare I say a scam?
What went wrong with federal student loans? | Brookings
Adam Looney and Constantine Yannelis examine the policy choices that created today's high student debt burdens.
A wave of student loan borrowers have entered default since pandemic-era protections lapsed
Today, around 9.5 million people — 1 in 5 federal student loan borrowers — are in default, meaning they are more than nine months behind on their payments.
How do you know this? And what is the mindset? Spending money on ways to enjoy life?
I was making a point about "everything they do." Every single thing requires an ROI eval? Not some, or even most, but every single thing.
- Florida Career College had the highest nonpayment rate, with 61% of its federal student loan borrowers more than 90 days behind.
- More than 440 colleges had nonpayment rates exceeding 40%, while nearly 1,200 had rates above 30%.
- Many of the colleges with the highest nonpayment rates are for-profit schools, including several tied to the same parent company.
- https://finance.yahoo.com/economy/p...here-graduates-most-difficulty-123500004.html
WTF are you arguing with? Yes, I said 'everything' but I guess I should have specified big purchases or debts instead so people like you wouldn't try to nitpick to make a point.
But yeah, most things that require a decent expenditure of your income should be measured against what they bring to your life. A house, a car, an education, a vacation - all those things need to be balanced against what you can reasonably expect to pay back, pay off (in a decent amount of time), or get without going into debt. People who don't do these things end up in massive debt and begging the government to bail them out.
Dude wtf are you talking about? I haven’t changed any argument. You’re melting because I said music degree which you clearly took offense to. I’m actually arguing in defense your field. If college keeps going up, less and less people are going to take out massive student debt to be a 17ing band director. Thats a bad thing. I want it not to be a scam to be a teacher. We need good teachers. I called out my own degree (business) in the same post since you think I’m picking on you & not a single business major from this board took offense. Get a grip my guy.
You’re really getting emotional. It is clear as day I was talking very specifically about certain degrees in the relation to how much it cost. I don’t even know how you’re now ranting about social security, Medicare, and teacher salary
So it's a scam to be a teacher too. The scams just keep piling up. I'm not sure you know the actual meaning of that word ( it doesn't mean things you don't like or the word expensive). And now you're reading my mind. I'm melting, oh noes. My mental state is fine. I just think your arguments are weak, so I don't feel picked on, and I was hoping you'd actually notice flaws in your views. I'm merely correcting you. You don't seem well-informed on this issue beyond some anecdotes, yet you state opinions with absolute certainty.
Words matter. That's what I read and respond to. Had you just written that you need to make sound judgements before going into debt, few would disagree.
Titties, beer, pizza, tacos (a variety of types)- that's what college is all about! Kids, stay in school as long as possible! Go for that 6th year of easy fornication eligibility! Then move to a bankruptcy friendly democratic state and throw up the double birds! Work sucks,marriage is overrated, and kids are expensive as 17
A scam is a dishonest trick which is exactly what we are doing to a lot kids today with student loans. Best wishes on your journey.
They do but many of them are at the mercy of their state governments for state funding and when that gets crunched here goes a tuition increase.
How much of that is demand outpacing state funding models? I know student loans started being issued from the feds mid 90s and the cost of college is up 100% (adjusted for inflation) during that time period. Over that same time enrollment has almost doubled.
I guess what I’m asking is how much of that is MS fault and how much of it is the feds making college accessible to anyone (which is a good thing) blowing up demand & cost as an unintended consequence?
Your initial post: The ROI for college is a scam for most degrees with the cost of college today.
That's not true and the data doesn't show that. That's why you had to change it to "if someone borrowed $80,000 for a theater degree, and opinion most people agree on. If lenders are dishonestly claiming something inaccurate about student loans, such as you don't have to pay them back, then that's a scam. I got student loans to pay for college, something they're designed to do, and wasn't scammed. My journey is to occasionally correct misinformation, it's fun when I have nothing else to do, and to use the English language properly. I'm not a postmodernist. I don't make up new definitions of words because I'm trying to convince myself or others I'm right. Are there some profs in some majors and some colleges scamming kids by claiming things that aren't true? Sure
It’s probably a combination of all of it honestly I know that State and Ole Miss have had funding cuts from Jackson so it creates a situation where tuition has to be raised. What sucks (and this really doesn’t pertain to your point) is those funding cuts have hit the funding for research and extension pretty hard and they don’t have a mechanism to increase their budgets like the school can with tuition. They rely on the commodity checkoff programs but those can only go so far to keep things afloat.
Learn to be a cowboy. You'll have to beat the poon off with a stick, got all the beef you need, and can keep your Copenhagen in your foreskin while you brush your teeth.
It doesn't seem like many would enjoy being beaten off with a stick, but there is some really wild shít people are into.
People who can create value will always be in demand regardless of education level.
It's crazy we can have a thread like this and on the same page people are saying we need to spend $50 million a year on a football roster.
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