Comments on: Occupy colleges? How to shut down student debt http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Black_Mass http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8647 Wed, 26 Oct 2011 17:30:31 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8647 I agree with the folks who say these “protesters” are silly (or dangerous) for demanding loan forgiveness, etc. Stupid. However, let me enumerate the alternatives to getting into large debt at a University:
1) be born rich.
2) failing that, get scholarships.

I fall into the #2 category. This means a fraction of my [in-state] tuition is covered. Most of it I must come up with on my own… then there are living expenses.

To pay for all this, I work full-time; it’s the only option if you want to massive debt. So, you’ve got a student working ~48-50 hours (2 jobs – one of which may not be strictly necessary), and taking 12 or so credit hours (~4 classes). I could take less, but you have to think about all those annual fees that are tacked on to tuition; in other words, the less courses you take, the longer you stay in college, and the more expensive it becomes overall due to being charged silly fees over and over. By the way, I’m in engineering school, so it’s difficult to say that I’m in college for frivolous reasons.

That’s the reality. So to all you boomers, etc. who do nothing but complain about lazy good-for-nothing students … I’d like to see you go through the rigors of the modern system without moaning and begging the gov’t for handouts (what your generation is used to doing).

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By: UnPartisan http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8623 Sat, 22 Oct 2011 19:38:07 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8623 Students decide to go to a University that costs $150,000 over four years. There are local state colleges that cost less than $15,000 over four years. I am not paying for your choice to go into debt, forget it.

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By: thblackketter http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8594 Wed, 19 Oct 2011 15:33:36 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8594 When will people realize that a college education is just like a car or a house. If you can’t pay, getting a bunch of loans isn’t going help. It’s just like back in the 20’s and 30’s where people where buying stocks on credit assuming that they would ALWAYS make more money of their investments. When will people learn that a college education is investment and not an entitlement? Probably now.

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By: cheeze http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8559 Mon, 17 Oct 2011 23:43:40 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8559 Great idea, but sadly student loans are averaging around 7 to 8 percent. Congress does little to help this out; the reality is students don’t have fat check books to lobby for lower interest rates on student loans. Again sadly, the only people today that go to college should be high paying fields majors. The rest are really getting into debt they may not be able to get out of for a very long time. If the parents cannot afford to send junior to a pricey college, then he does not belong going if he will be saddled with high debt when he gets out.

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By: ixix http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8558 Mon, 17 Oct 2011 23:27:56 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8558 I just paid full tuition for both of my kids. Can I borrow some back from the Obama, and then stiff the govt?

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By: MiddleDan http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8552 Mon, 17 Oct 2011 21:06:53 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8552 There is choice to make about going to college, and another about which one you will attend. If you can’t afford college in genenral and you decide to go to NYU or Harvard or Stanford, big surprise when you graduate with $200k in loans. Try going to a community college for the first two years and then transfer to a state school. That’s what I did, worked the entire time I was in college to offset the costs and got a degree in Economics. I have hired many college graduates who went to college, never bothered to work, just borrowed more money so they could have the college experience. Well, that experience costs you, so good luck paying back loans for the good times hanging out.

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By: ArtNow http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8551 Mon, 17 Oct 2011 21:06:06 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8551 There is nothing wrong with a degree in Romance Languages or Literature or Philosophy or History… what is being missed is that one can’t just show to classes and get the piece of paper with Cs, or even Bs, and expect something will be handed over.

ONE MUST EXCEL in their discipline to have a shot at a job or a career, and it has always been this way.

Notice these protestors are mostly about 25 years old. Now ask yourself what their education consisted of… teaching to the test in the Bush fiasco of NCLB. When one simply absorbs information with no underpinnings, then one will also believe what one is told: “get a degree and you will get a job.”

It has never been that way, it will never be that way, nor should it ever be that way.

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By: DisgustedReader http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8550 Mon, 17 Oct 2011 20:59:40 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8550 Educational debt is not even dischargeable in bankruptcy, which is why creditors love this form of debt and why hucksters prey on youth in this form.

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By: anarcurt http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8547 Mon, 17 Oct 2011 20:24:22 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8547 There really is little choice but to go to college. There are only so many janitors and fry cooks needed. Without a degree you are likely working minimum wage (if you even get a job) and $16,000/yr is close to or below poverty in many areas of the country. Given the choice between that and rolling the debt dice and hoping for a well paying job in 4 years it’s easy to see why so many choose the latter. The problem isn’t the students; it’s the education system and the economy.

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By: majorkrell http://blogs.reuters.com/reuters-wealth/2011/10/14/occupy-colleges-how-to-shut-down-student-debt/comment-page-1/#comment-8546 Mon, 17 Oct 2011 20:22:56 +0000 http://blogs.reuters.com/reuters-money/?p=20924#comment-8546 Except for the hard sciences, most college degrees are pretty worthless. Maybe these “children” should be working instead of going to keggers.

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