Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
No, I want more Americans to be smarter about how they spend their money and make investments. An education is not a guarantee. Its an investment - which means there is risk attached to pursuing it.. Its not the right investment for everyone. Meanwhile, tweaking the rules is a good idea, making them like other loans is a good idea.Originally posted by BlueRaiderFan:
So, you want fewer Americans to go to college than we have now? Because that's what will happen...
While I disagree with govt bailing out anyone, but I think if they are next time they should have paid off mortgages to get rid of the mortgage debt. I think this bill has the right idea, just make student debt like any other debt - dischargeable via bankruptcy. College is too expensive, mainly due to all the easy money available.Originally posted by RaiderDoug:
I always thought that instead of spending trillions bailing out banks and insurance companies and gigantic financial institutions - just use that cash to pay off student loan balances - that would give a whole heck of a lot of people a whole heck of a lot of cash to guy out and put right back into the economy.
I have way to much student loan debt from my time at UTK. I was 17,18,19 years old and they were handing me obscene amounts of cash simply by signing my name. I had zero help from my family - financial, or what would have helped more - someone to sit me down and explain what kind of mistake I was making. They gave me a loaded gun and pointed it, all I had to do was pull the trigger.
After I came to MT, I was a little older and wiser, and actually was able to get a few 'ships, a few grants, and worked and was able to pay for MT without taking out any cash.
I don't even know if that can be done anymore (I graduated in 2005)- the way the cost of college has exploded.
I think more people need to take advantage of the community college system - there's no sense paying MT, or UTK prices for crap like English 101.
I didn't have a home to go live at for a summer. I got out of the army and went to work to pay rent, food, gas, utilities, etc etc etc. None of those entities were willing to let me live rent free and/or "make payments." No offense, but you had help. You may not have had it easy, I understand you worked for it, but so did I. The difference is; I didn't have any where to go and stay rent free to save money for school. I don't think you are really seeing this from my side of things.Originally posted by Blueraider_Mike:
I lived at home the summer before my F year. I worked 50 hours a week laying gas line in TX. I went to school FT the first semester, got a PT job when school started. After the first full year at school, I worked all summer and Fall FT, took classes PT. Figured out I could make better money waiting tables, then bartending.
Again, it did take me 6 years. You cannot fly by the seat of your pants to get it done in 4 years. I know my Brother did the Army reserve boot camp the summer before he started and joint ROTC and was able to make it without borrowing money.
You don't have to get the 9K all at once...They are happy to let you pay payments. If you get a Pell and Lottery money, that is like getting cash up front. Your food and rent (apartment or dorm) is not paid in a lump sum either.
The idea that you HAVE to borrow thousands to go to school is just not true. You may have to change your expectations. Why can't you just admit that you didn't know any better.
Exactly. We need to make college cheaper, in my opinion, by using grants, not by increasing the amount that can be borrowed every few months. All it does is allows the universities to raise tuition...and they ALWAYS do.Originally posted by Blueraider_Mike:
While I disagree with govt bailing out anyone, but I think if they are next time they should have paid off mortgages to get rid of the mortgage debt. I think this bill has the right idea, just make student debt like any other debt - dischargeable via bankruptcy. College is too expensive, mainly due to all the easy money available.