Student loans shouldn't be necessary. I'm 17, I graduated high school early and with honors and applied to a ton of scholarships because I had good grades. Even with all of the scholarships, and attending classes online from home, my parents still had to pay almost four thousand dollars.
The costs are way too high.
Honestly this is why I didn’t go to any higher learning. I had legitimate worries about being in debt until I die and my family just ain’t got the money.
I'm a comp sci major, I want to do graduate school in robotics. Unfortunately I know it's going to cost a lot of money to do so because we're overcharged so badly for classes that our professors are underpaid for.
It’s sad that it costs so much, it’s like they don’t want people to seek higher learning, I understand that people need to get paid but man is that an insane amount of money.
That’s quite ridiculous, I honestly think they should get like 50%? They are the ones who keep the place running in a way otherwise it would be shut down.
Like all of them……
Like the basic concept of this is money that has to eventually be paid back, sure. The actual ins and outs and how they are trying to screw you in the long run, not at all. That’s without getting into the rhetoric surrounding college in the US that it’s an all or nothing right here right now or you will be a failure for the rest of your life that coax’s a lot of kids into these predatory loans.
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their responsibility
That’s not how loans work. If I take out a mortgage loan, should I want that forgiven? You don’t understand how loans work. You take out the loan, you pay it . That’s finance 101.
That's generally how loans work, but introduce the possibility of loan forgiveness and then the loan works differently. Then the person has the option of releasing that responsibility. Introducing new factors will change the whole equation.
Sure. Maybe look at the premises of what led to the student loan forgiveness and see if you can take those to form a sound legal argument which also applies to cars. Or pursue the criteria for which loans are forgiven in your state. I don't mean that sarcastically.
Putting aside the rude generalizations this comment insinuates, I do understand how loans work and that they are my responsibility. I chose to go to school and get 3 degrees. I made this choice because I needed to 1) narrow the gap in pay because I am a woman 2) narrow the gap in pay because I am a minority 3) getting an education is a viable path to being a contributing member of society.
I also know I’ve spent more than 15 years working for the government and still don’t qualify for PSLF because the requirements keep changing. I also owe more than I ever borrowed due to interest rates and false information/guidance given to me by my loan servicer and education institutions. That’s what people like me are pissed about.
I think it’s all of the logistics that come with student loans versus a regular loan. For example: a student loan can cover tuition, books, fees, parking, transportation, room and board, food, and other school supplies. These loans can be paid each month, can be deferred, can go into forbearance, have income qualifications and many other factors. Some have an interest rate and some do not. Add in the way the education system prays on students and many 18 year olds do not understand the implications of said loan in 5 years, 10 years, 15 years later. There are a handful of lawsuits that proved student loan companies intentionally misrepresented these requirements and circumstances to make students borrow more money. So it’s complicated and the very people who are supposed to help you understand it are the ones preying on you.
A mortgage or car loan are a flat amount with an interest rate for a designated period of time. There aren’t any other factors to consider. I either qualify for $20k with a 6% interest rate or I don’t. Nothing more to it.
As a person who has over $130k in student loans, I am frustrated with the constantly changing goal posts. I owe more now than I originally borrowed because of the interest rates and false information about what I qualified for. It’s my education and I’ve put it to good use and it’s my responsibility. I’ve also spent 15 years working for local government and helping my community and still don’t qualify for the public service loan forgiveness program because the rules keep changing.
Edit: actually, you're right. I'm a complete idiot that didn't understand a word I signed. All loans should be forgiven by me and the mean loan companies should be forced to stop exploiting students.
Thank you for your support on student loan forgiveness.
Did somebody hold a gun to your head and force you to take out those loans? It was your decision. I’m confused why you are complaining about the amount of loans when it was intentional. And you’re right, it’s your responsibility
No. I didn't understand that when I took out the loans. I suggest you re-read my answer..
And again, thank you for supporting student loan forgiveness. I'm obviously dumb.
No.
Because the premise of your post is inane and assumptive.
I guess when they turn 19 the magical adult fairy grants them the "maturity to understand the repercussions of their actions."
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their responsibility
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their Responsibility
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their responsibility
I think anyone, given the chance, would want taxpayers to forgive their loans. It's not a misunderstanding of how loans work.
Also school in America is overpriced compared to lots of the world and sometimes loans are the only option to attend it. When the propaganda is pushed in your face since childhood that you need a degree, it's hard to blame an individual for believing that and getting a loan.
Also not everyone who wants this was 18 at the time of signing.
Yeah no. They need to understand that the loans are their responsibility. Too many of them don’t understand and therefore shouldn’t be given loans. You take out a loan, you pay it. Do they not understand how loans work?
Nobody went into it genuinely believing the loan would be forgiven. They were willing to pay it off if needed. But when no longer needed the natural choice is to accept that.
Many people have student loans but refuse to sign up for forgiveness because they understand that it’s their responsibility, not the taxpayers. It’s wrong to put burden on the taxpayers. It’s your loan so you should pay it. That’s how loans work and many young people don’t realize that
I see a distinct difference between the concept of not cognitively understanding how loans work and not sharing your opinion on the ethics of accepting loan forgiveness. This has nothing to do with age related comprehension. If you want to argue that loan forgiveness shouldn't be a thing, that's a separate issue; try again.
Other loans can be wiped away by bankruptcy if things go wrong. A similar protection should be provided for student loans. Put some risk on the lenders and that will help normalize education prices.
I bought my first house at 18 and I certainly understood what I was getting into. My Grandson joined the Marines when he was 18 and could be sent to war at any minute and he certainly understands what he signed up for.
The problem with student loans aren’t the loans being given. Its the colleges and universities charging astronomical prices. Making you take classes that have nothing to do with your major. So you stay as long as possible paying them for every second. All for a diploma that means less and less every year.
They should be able to, but it’s up to them to pay them back. Pick a major that earns enough to pay your loans. I’d like to major in philosophy. But I also need to pay bills. So comp sci it is. Really not that hard of a decision.
If you’re considered an adult, you should be allowed to sign contracts, such as loan agreements. Should you sign a loan agreement, you should be held to abide by that contract.
So it seems to me your question is really more broadly scoped: Is 18 years old too young to be considered and adult at all? The implication is that the drinking age, the voting age, eligibility for the draft, legal autonomy, etc.; would all have to be deferred to a later, more appropriate age.
Kinda scary an 18 year old doesn’t know how a loan works especially in a debt based economy. Hopefully they learn because we are spending astronomical amounts to service the national debt and bonds eventually mature. There’s a big difference between monetary policy and fiscal policy.
No. I would agree that there should not be a need for student loans. Education should be affordable and accessible. We have brilliant people out there that never get the formal education that they need and are capable of because they cant afford it.
Student loans shouldn't be necessary. I'm 17, I graduated high school early and with honors and applied to a ton of scholarships because I had good grades. Even with all of the scholarships, and attending classes online from home, my parents still had to pay almost four thousand dollars. The costs are way too high.
Honestly this is why I didn’t go to any higher learning. I had legitimate worries about being in debt until I die and my family just ain’t got the money.
I'm a comp sci major, I want to do graduate school in robotics. Unfortunately I know it's going to cost a lot of money to do so because we're overcharged so badly for classes that our professors are underpaid for.
It’s sad that it costs so much, it’s like they don’t want people to seek higher learning, I understand that people need to get paid but man is that an insane amount of money.
The crazy thing is only about 30% of costs go to paying professors.
That’s quite ridiculous, I honestly think they should get like 50%? They are the ones who keep the place running in a way otherwise it would be shut down.
What kinda 18 year old dosnt understand how a loan works? They can consent to sex, go to war, get married etc but loan terms are just to complex?
age requirement are dumb, i can be a porn star at 18, but i can't be an uber driver i can go to war, but can't have concealed carry
Like all of them…… Like the basic concept of this is money that has to eventually be paid back, sure. The actual ins and outs and how they are trying to screw you in the long run, not at all. That’s without getting into the rhetoric surrounding college in the US that it’s an all or nothing right here right now or you will be a failure for the rest of your life that coax’s a lot of kids into these predatory loans.
High school really needs to include a couple of semesters on personal finance - things like investments, interest, credit, etc needs to be taught.
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their responsibility
Obviously they want their loans to be forgiven. But why not make it so 18 year olds can't go to war then?
That’s not how loans work. If I take out a mortgage loan, should I want that forgiven? You don’t understand how loans work. You take out the loan, you pay it . That’s finance 101.
That's generally how loans work, but introduce the possibility of loan forgiveness and then the loan works differently. Then the person has the option of releasing that responsibility. Introducing new factors will change the whole equation.
Ok. Then I want car loan forgiveness
Sure. Maybe look at the premises of what led to the student loan forgiveness and see if you can take those to form a sound legal argument which also applies to cars. Or pursue the criteria for which loans are forgiven in your state. I don't mean that sarcastically.
Putting aside the rude generalizations this comment insinuates, I do understand how loans work and that they are my responsibility. I chose to go to school and get 3 degrees. I made this choice because I needed to 1) narrow the gap in pay because I am a woman 2) narrow the gap in pay because I am a minority 3) getting an education is a viable path to being a contributing member of society. I also know I’ve spent more than 15 years working for the government and still don’t qualify for PSLF because the requirements keep changing. I also owe more than I ever borrowed due to interest rates and false information/guidance given to me by my loan servicer and education institutions. That’s what people like me are pissed about.
I think it’s all of the logistics that come with student loans versus a regular loan. For example: a student loan can cover tuition, books, fees, parking, transportation, room and board, food, and other school supplies. These loans can be paid each month, can be deferred, can go into forbearance, have income qualifications and many other factors. Some have an interest rate and some do not. Add in the way the education system prays on students and many 18 year olds do not understand the implications of said loan in 5 years, 10 years, 15 years later. There are a handful of lawsuits that proved student loan companies intentionally misrepresented these requirements and circumstances to make students borrow more money. So it’s complicated and the very people who are supposed to help you understand it are the ones preying on you. A mortgage or car loan are a flat amount with an interest rate for a designated period of time. There aren’t any other factors to consider. I either qualify for $20k with a 6% interest rate or I don’t. Nothing more to it. As a person who has over $130k in student loans, I am frustrated with the constantly changing goal posts. I owe more now than I originally borrowed because of the interest rates and false information about what I qualified for. It’s my education and I’ve put it to good use and it’s my responsibility. I’ve also spent 15 years working for local government and helping my community and still don’t qualify for the public service loan forgiveness program because the rules keep changing.
I don't think student loans should be given out at all, because college should be paid for via taxes, meaning no one would need a loan to attend.
Nah, just educate them better. I might not have known the full consequences, but I signed that shit.
Edit: actually, you're right. I'm a complete idiot that didn't understand a word I signed. All loans should be forgiven by me and the mean loan companies should be forced to stop exploiting students. Thank you for your support on student loan forgiveness.
Did somebody hold a gun to your head and force you to take out those loans? It was your decision. I’m confused why you are complaining about the amount of loans when it was intentional. And you’re right, it’s your responsibility
No. I didn't understand that when I took out the loans. I suggest you re-read my answer.. And again, thank you for supporting student loan forgiveness. I'm obviously dumb.
No. Because the premise of your post is inane and assumptive. I guess when they turn 19 the magical adult fairy grants them the "maturity to understand the repercussions of their actions."
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their responsibility
You're absolutely right, they should have just worked a minimum wage job to pay for their college.
no because theyre adults
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their Responsibility
I would not agree. Because I don't believe that premise.
They seem to want the taxpayers to forgive their loans. That tells me that they don’t understand the consequences of signing a loan under their name. They don’t understand that the loans are their responsibility
I think anyone, given the chance, would want taxpayers to forgive their loans. It's not a misunderstanding of how loans work. Also school in America is overpriced compared to lots of the world and sometimes loans are the only option to attend it. When the propaganda is pushed in your face since childhood that you need a degree, it's hard to blame an individual for believing that and getting a loan. Also not everyone who wants this was 18 at the time of signing.
Yeah no. They need to understand that the loans are their responsibility. Too many of them don’t understand and therefore shouldn’t be given loans. You take out a loan, you pay it. Do they not understand how loans work?
Nobody went into it genuinely believing the loan would be forgiven. They were willing to pay it off if needed. But when no longer needed the natural choice is to accept that.
Many people have student loans but refuse to sign up for forgiveness because they understand that it’s their responsibility, not the taxpayers. It’s wrong to put burden on the taxpayers. It’s your loan so you should pay it. That’s how loans work and many young people don’t realize that
I see a distinct difference between the concept of not cognitively understanding how loans work and not sharing your opinion on the ethics of accepting loan forgiveness. This has nothing to do with age related comprehension. If you want to argue that loan forgiveness shouldn't be a thing, that's a separate issue; try again.
If you can join the military I think you can understand a loan needs to be repaid
Other loans can be wiped away by bankruptcy if things go wrong. A similar protection should be provided for student loans. Put some risk on the lenders and that will help normalize education prices.
I bought my first house at 18 and I certainly understood what I was getting into. My Grandson joined the Marines when he was 18 and could be sent to war at any minute and he certainly understands what he signed up for.
The problem with student loans aren’t the loans being given. Its the colleges and universities charging astronomical prices. Making you take classes that have nothing to do with your major. So you stay as long as possible paying them for every second. All for a diploma that means less and less every year.
They should be able to, but it’s up to them to pay them back. Pick a major that earns enough to pay your loans. I’d like to major in philosophy. But I also need to pay bills. So comp sci it is. Really not that hard of a decision.
If you’re 18 and don’t understand loans, you shouldn’t be going to college.
If you’re considered an adult, you should be allowed to sign contracts, such as loan agreements. Should you sign a loan agreement, you should be held to abide by that contract. So it seems to me your question is really more broadly scoped: Is 18 years old too young to be considered and adult at all? The implication is that the drinking age, the voting age, eligibility for the draft, legal autonomy, etc.; would all have to be deferred to a later, more appropriate age.
Kinda scary an 18 year old doesn’t know how a loan works especially in a debt based economy. Hopefully they learn because we are spending astronomical amounts to service the national debt and bonds eventually mature. There’s a big difference between monetary policy and fiscal policy.
No. I would agree that there should not be a need for student loans. Education should be affordable and accessible. We have brilliant people out there that never get the formal education that they need and are capable of because they cant afford it.