My Student Loans Make Me Want to Cry
Jun 23, 2007 at 9:27 PM Post #2 of 72
Don't depressed. Being in debt is something we have to get used to. When we buy a car, we are in debt. When we buy a house, we in debt. When we finish school, we are also in debt. Remember, you're not alone!
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Jun 23, 2007 at 9:32 PM Post #3 of 72
I can only hope that the schooling lands you a job with which you can pay the loans back. A good friend of mine says, now that it is long over, that a college education is a great crap-shoot. He is just a bit bitter, having an MS and makes $14/hour, just like me with my two Associate Degrees.

Laz
 
Jun 23, 2007 at 9:39 PM Post #4 of 72
Remember this, they can't take what you learned in your head away from you.
This coming from a guy who got a 8:22 am phone call today. X6
 
Jun 23, 2007 at 9:56 PM Post #6 of 72
Quote:

Originally Posted by GlorytheWiz825 /img/forum/go_quote.gif
Don't depressed. Being in debt is something we have to get used to. When we buy a car, we are in debt. When we buy a house, we in debt. When we finish school, we are also in debt. Remember, you're not alone!
smily_headphones1.gif



That's the absolute wrong attitude to adopt, debt isn't certain. I've put myself through three full years of school as well as have owned a car for most of it without any debt. Debt is dependant on lifestyle and not something that is always there. (The only decent point is buying a house, school and car don't have to be debt)
 
Jun 23, 2007 at 10:14 PM Post #7 of 72
Quote:

Originally Posted by MoxMonkey /img/forum/go_quote.gif
That's the absolute wrong attitude to adopt, debt isn't certain. I've put myself through three full years of school as well as have owned a car for most of it without any debt. Debt is dependant on lifestyle and not something that is always there. (The only decent point is buying a house, school and car don't have to be debt)


I agree. Debt is a form of slavery and should be avoided as much as possible; debt generally creates a lot more of itself. In the US we're teetering over the edge of multigenerational mortgages, perhaps because perpetual debt is now becoming the accepted norm.
 
Jun 23, 2007 at 10:49 PM Post #8 of 72
Quote:

Originally Posted by Jigglybootch /img/forum/go_quote.gif
Well, I got my student loan repayment schedule. I owe $1000 every month to cover the loans. So it looks like I'll see you guys in about 20 years. Later.


Don't worry, I graduate in one year and from the looks of things I will be paying back more than you are. And that's before interest kicks in. I'm beginning to regret my education a bit already.
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The only thing I have to be proud of (financially) is that in all my >20 years of life the only debt I've incurred are student loans.
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Jun 23, 2007 at 11:05 PM Post #9 of 72
Quote:

Originally Posted by Jigglybootch /img/forum/go_quote.gif
Well, I got my student loan repayment schedule. I owe $1000 every month to cover the loans. So it looks like I'll see you guys in about 20 years. Later.


Our companies are lobbying Congress even today to open up the Visa programs because they can't hire people for what they want to pay. You are too expensive. You have an education and need a good salary to pay it off?

Note also that in the latest immigration bill if any of the new legals want higher education, the immigration bill will provide for the cost of their higher education and that any tax payer will be paying for their education as well. So no debt for them as a result of their higher education.

Quote:

Originally Posted by BlindTiger /img/forum/go_quote.gif
Remember this, they can't take what you learned in your head away from you. This coming from a guy who got a 8:22 am phone call today. X6


"They" essentially can if they will not hire you for what you are train to do. "They" can and apparently do in many industries by lobbing Congress and saying they can't hire people like you for what "they" want to pay. So Congress allows more and more people in that results in lower wages for everyone.

Quote:

Originally Posted by Superpredator /img/forum/go_quote.gif
I agree. Debt is a form of slavery and should be avoided as much as possible; debt generally creates a lot more of itself. In the US we're teetering over the edge of multigenerational mortgages, perhaps because perpetual debt is now becoming the accepted norm.


Debt is slavery and our system is built upon debt (slavery).

Go figure.

My son graduated with a 3.0 in Biomedical Engineering and now builds decks working as a 1099 worker. As long as the economy supports the builders he will do ok but I worry if we have a turn down like we had in the late 70's and 80s. He is positioned to allow the government to support him in the future.

The educational system is a Business; first, second and last. Designed and built to support itself. If you get any benefits from it you worked the system hard for it.

BTW, I don't have any answers to this issue.
 
Jun 23, 2007 at 11:38 PM Post #12 of 72
Quote:

Originally Posted by nickknutson /img/forum/go_quote.gif
Undergrads are a dime a dozen...it doesn't set you apart anymore.


A standard BS is not worth that much today since you are competing with the world as well.

While surfing the net between my last post above and this one I came across this:

http://www.azstarnet.com/allheadlines/188825

"And our goal is clearly not to find a qualified and interested U.S. worker."

Apparently there may be a few in Congress that still desire that the existing laws be enforced.
 
Jun 23, 2007 at 11:44 PM Post #13 of 72
I turned down a full ride at UC San Diego for UC Berkeley, and the financial aspect is always lurking at the back of my mind as I'll be in debt about the same amount as you when I graduate
frown.gif


Quote:

Originally Posted by slwiser /img/forum/go_quote.gif
Our companies are lobbing Congress even today to open up the Visa programs because they can't hire people for what they want to pay..."They" can and apparently do in many industries by lobbing Congress and saying they can't hire people like you for what "they" want to pay.


Lobbing? Are these companies playing tennis with our Congressmen? I think you mean lobbying
smily_headphones1.gif
 
Jun 23, 2007 at 11:48 PM Post #14 of 72
Quote:

Originally Posted by Azure /img/forum/go_quote.gif
I turned down a full ride at UC San Diego for UC Berkeley, and the financial aspect is always lurking at the back of my mind as I'll be in debt about the same amount as you when I graduate
frown.gif



Lobbing? Are these companies playing tennis with our Congressmen? I think you mean lobbying
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Thanks, I corrected it in my post. I am always doing something like this...sorry.
 
Jun 24, 2007 at 2:40 AM Post #15 of 72
Quote:

Originally Posted by slwiser /img/forum/go_quote.gif
."And our goal is clearly not to find a qualified and interested U.S. worker."

Apparently there may be a few in Congress that still desire that the existing laws be enforced.


[rant]I saw this article as well; sickening isn't it? I watch the IT industy job postings and it amazes me what technical skills are 'required' yet businesses won't train their existing workers for it here.

Yet they will hire out for someone who's taken a five day course (essentially application 101), fumble around trying to learn the company's culture and the other 95% of the app to meet the biz requirements, and leave for a new job before the project is complete. But that somebody is so danged cheap the biz doesn't care, so the fewer remaining onshore app folks get stuck cleaning up the mess on 'incentive time'. But we have great productivity, don't we? [/rant]

Yeah, getting heavily into debt for education is a bitter pill. Where else to get the experience though? Move offshore?
 
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