forgiving student loans???

[musculArgirl2]

Some students graduating have thousands of dollars of student loans. Do you think student loans should be forgiven?

[musculArgirl2]

I don't think they should.


Honestly, i think colleges are overrated anyways nowadays. Half the time you can get just as a good of education at a community college or votech with a small portion of the price!!

I feel bad for people that have that kind of debt on them but i do feel it was their chocie to spend that kind of money on school.

[Boss Man]

Wouldn't it depend on what they were studying though?

Law, marine biology, madicine, vetinerary sciences, economics, chemistry, physics etc.

Could you study those at educational establishments considered not as grandiose or expensive as a university.

[musculArgirl2]

Wouldn't it depend on what they were studying though?

Law, marine biology, madicine, vetinerary sciences, economics, chemistry, physics etc.

Could you study those at educational establishments considered not as grandiose or expensive as a university.
Wouldn't it depend on what they were studying though?

Law, marine biology, madicine, vetinerary sciences, economics, chemistry, physics etc.

Could you study those at educational establishments considered not as grandiose or expensive as a university.

Some degrees require a 4 year college but a student could always go to school the first two years at a community college to save costs and than the last two at a university. a private school a lot of times is more expensive than a public too depending on your grades and financial aid. some people get psychology degrees from these expensive schools. psychology degrees a lot of times don't get you far.

i'm okay with doing it if you think you will make tons of money, or you REALLY know that this is what you want to do and you EXCEL at the subject but otherwise i think its a bit risky.

[Boss Man]

The system is obviously different in the US, but are you saying a community college would permit you to study the first 2 years of a medical degree and if so, would it offer the potentially same standards of teaching and testing?

To me this doesn't make sense. If a community college could offer the first 2 years of a high profile degree course, but was not allowed to teach the remaining years. That's a bit strange to way of thinking.

[musculArgirl2]

The system is obviously different in the US, but are you saying a community college would permit you to study the first 2 years of a medical degree and if so, would it offer the potentially same standards of teaching and testing?

A LOT of registered nurses get a 2 year degree from a community college and then go on to become a Registered Nurse. which i believe really is a 4 year degree.

The community college would be for the general requirements that every school has. A LOT of times the community college will know what classes to take to meet the general requirements of the local universities and private colleges in the area. For becoming a doctor?? Not sure if you should go to a community college or just start at a university. But for many degrees you could definitely start at a community college or techinical college.

I read an article the other day that was talking about how for many years people with techinical degrees or community college degrees (which is a 2 year degree usually) often make more money than people out of college at a 4 year institution. Eventually down the road the 4 year degrees (bachelor degree) catch up and pass the community college though. Not to mention a lot of the 4 year degree students probably have more debt than the 2 year degree students.

Also student loans unlike credit card debt and other things can't be filed for bankruptcy. You have to pay them off for many years before the government will say forget it.

[musculArgirl2]

Community College Article

here's that article i mentioned.

[Boss Man]

However the article states that 30% from community colleges, initially outearn university graduates, so that means the remaining 70% earn as much or less initially.

However the article pertains to $500,000 increased lifetime earnings, for university graduates versus college graduates; so the college options looks good, but in the long term it is not as lucrative and initial earnings compared to univertsity equivalents, work out at an initial 3-7 ratio of better earners from the college system, for every 10 students combined from both backgrounds.

[musculArgirl2]

It also says on average that some research shows that associated degrees earn on average more than bachelors out of college. so it's either 30% or on average.

[Boss Man]

That's what I eluded to. 30% earn more or as much, but only initially, because over the course of a lifetime, it says University graduates generally earn around $500,000 more than college graduates, so in the long term the study seems to indicate, that any financial advantage for the 30% of college grad earners, is eroded away until it becomes no advantage at all.

[musculArgirl2]

That's definitely general though. And what it doesn't take into account a lot of the people going to a two year school that go on to eventually get a bachelors degree. I still think knowing the kind of debt some people I know have from student loans that a 2 year school is a good choice to at least start with.

[musculArgirl2]

Another thing people could do is move back in with their parents if possible for even two years after college and work and pay off their loans. And not get married or have kids right away or any of that. This should help with most people's student loan debt?? The people i know that struggled with debt got married right away and the person they married also had a boat load of student loan debt and then they had kids right away with mortgages and all that.

[Redfox89]

Personally, student loans SUCK. I chose to go to a college that was a little pricier (thank goodness for some scholarships); however, I did get a very good job right out of college, and do make enough money to pay the loans. I feel that the very well known program that I took part in made it easier for me to find a job, and was worth it (I also graduated early). People who transfer from community college have issues sometimes transferring credits, etc.

BUT, I did consolidate loans. It is crazy that the Federal Government feels the need to charge 14% interest on them. I'm not saying people should not have to pay them, it is just that the government should not be ripping us off in the process.

[musculArgirl2]

BUT, I did consolidate loans. It is crazy that the Federal Government feels the need to charge 14% interest on them. I'm not saying people should not have to pay them, it is just that the government should not be ripping us off in the process.

as far as i know interest rates are like 3.5% or 6.8% or something like that. I'm not sure where you are getting 14%.

[musculArgirl2]

here's another article.

http://money.cnn.com/2013/05/09/pf/coll ... index.html" onclick="window.open(this.href);return false;

Honestly i've seen it go a few ways. Some people end of making VERY good money and are able to pay their debts off pretty reasonably. Others struggle. I think it depends on what field you are going into and how good you are at that field and how much money you have saved for college if you want to take the risk of a LOT of student loan debt.


It's worth it for people that make good money quickly.



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