Current Events > Why should anyone get in student loan debt in the first place?

(+) Yeah! (+)

Trades are usually Outdoor in the elements, physically demanding, long hours, and far more dangerous. And while the pay can be good, they oftentimes have no career advancement, and the pay while good generally can't compete with what better white collar jobs can offer.

So they aren't for everybody.

[LFAQs-redacted-quote]

The day the government got involved with student loans was the day colleges started overcharging for tuition.

Banks used to at least try to control tuition costs.

This is why China is outpacing America in every way. The CCP recognises the fact that an educated populace will benefit their country in every imaginable way including leading global innovations and is extremely willing to spend money to achieve that goal.

Meanwhile we have people like OP who are extremely short sighted and refuses to see what will happen if lesser people attend colleges. No doubt, also complaining why is China outcompeting America in major industries.

Because they recognize the value of formal education? Because they want our country to be better educated?

^I see the value of it but should you really be trying to take a loan out for things you cant afford?

Ask Dave Ramsey

AzNDarkSamurai posted...

^I see the value of it but should you really be trying to take a loan out for things you cant afford?

That is the entire point of a loan.

PrettyBoyFloyd posted...

But why not specifically go into the fields one is interested in?

College just has a bunch of bullshit one has to go through before getting to the point.

I think this attitude is a major problem. Education is a point in itself. Its not just about getting a job afterwards.

Glob posted...

I think this attitude is a major problem. Education is a point in itself. Its not just about getting a job afterwards.

Well that attitude is just a by-product of the larger problem: Tuition costs. Unless you're wealthy, knowledge for the sake of knowledge is better done without college. Otherwise you're just taking on unnecessary loan debts.

The year is 2005. The internet isnt widespread. The school keeps calling your family, pressuring you to go to school. You grew up in the 90s, where they taught you that if you didnt go to school, you wouldnt be able to do anything with your life. There are no frauds reported on the internet about your school. Financial aid lies, because who will find out? Your family was too poor to help you out, and your school just said you couldnt get a lot of scholarships. So you gotta take out loans. They tell you which ones to get, and tell you that if you dont, you cant go to school, and you will let everyone down.

Today, with the internet everywhere, everyone knows how fraudulent these schools were, and how predatory lenders are. It wasnt the same 20 years ago.

NoxObscuras posted...

Well that attitude is just a by-product of the larger problem: Tuition costs. Unless you're wealthy, knowledge for the sake of knowledge is better done without college. Otherwise you're just taking on unnecessary loan debts.

Dont get me wrong, I agree that education should be free. I just think that people should see that it has value beyond enhancing your job prospects.

Some people don't have supporting families and are just desperate to do anything to get out of the shitty situation they are in.

I have a cousin going to NYU to pursue acting... it's out of state and going to cost +300k. Who's going to pay for it? Absolute insanity.

AzNDarkSamurai posted...

^I see the value of it but should you really be trying to take a loan out for things you cant afford?

Ask Dave Ramsey

So you ignore all previous posts just to state "Nobody can afford to take out student loans"?

I'm not ignoring it. I don't think you get what I'm saying.

What I'm trying to say is, people shouldn't be getting those loans in the first place if they aren't sure they can pay it back

Oh, tc is scion? Lol.

Many nations include university as part of free public education (no, not every one chooses to go to university) but in America its hard to even fight for interest free loans for student. No one even wants to come to America anymore more people do want to leave America than people who want to come in (charged absurd amount of fees).

AzNDarkSamurai posted...

^I see the value of it but should you really be trying to take a loan out for things you cant afford?

Ask Dave Ramsey

I assume you have never had a mortgage or car payments? Everything was bought outright correct?

iPhone_7 posted...

F*** community college. Its my right as an Murikan to take on student loan debt by going to an expensive university and then demanding the government pay for it!

A lot of the student debt people rack up is not even from tuition. It's from room and board, which is, relatively speaking, useless and not worth the scam prices.

Community college AND state colleges in most states both have very similar costs actually. Both can be had for less than $10k a year. When you add in the pointless $14k+ for room and board, even state college becomes expensive.

Private colleges are a complete scam since just tuition alone can be like $40k-$50k+ a year, whether its NYU or some random ass school. There's no reason anyone should be pushed to those.

AzNDarkSamurai posted...

Its already that way with most high end jobs is it not? I cant think of one high level employee who didnt come from a privileged background

my ex was dirt poor when i first met her and later became an Oncologist, getting her MD from a very reputable medical school. A good chunk of her class were not rich or upper middle class.

But hten this is just deflecting from the fact that university under graduates, to PhD and including professional doctorates should all be free. But the point I was trying to make is that she wouldn't have been able to do it without school loans which she now pays off with her job.

justaguy3492 posted...

I assume you have never had a mortgage or car payments? Everything was bought outright correct?

Nope never had a car loan on my name (so far at least) and Im not in the mortgage process yet

NoxObscuras posted...

That's fine if you're just trying to get any job that pays decently. But some career paths actually do require you to have a degree. And trade schools won't help you get around those requirements.

Fair enough, then find a degree program that will have a high chance of you finding one of those jobs. If the program costs more than you can project to make, don't go into that field.

It's the reason there is a teacher shortage right now.

AzNDarkSamurai posted...

Im not in the mortgage process yet

Woah woah woah. Yet? You mean you PLAN to purchase something you can't pay outright for? That's irresponsible my dude.

justaguy3492 posted...

Woah woah woah. Yet? You mean you PLAN to purchase something you can't pay outright for? That's irresponsible my dude.

I dont see myself doing it though tbh

Even Dave Ramsey said home loans and auto loans are bad idea

So I take it Azn and Scion are the same?

ScionTC_07 posted...

I'm not ignoring it. I don't think you get what I'm saying.

What I'm trying to say is, people shouldn't be getting those loans in the first place if they aren't sure they can pay it back

That seems different from your starting post, which seemed more "why would anybody do X?" and then repeated keeping a good credit score as the reason to do/not do anything. But for your clarification - how exactly are you defining "be sure you can pay it back"? If you take out 50k in loans for a degree that starts out at 200k but never "be sure" - get injured/the demand for that field drops/etc. What if you are "pretty sure" you will be able to pay it back?

AzNDarkSamurai posted...

I dont see myself doing it though tbh

Even Dave Ramsey said home loans and auto loans are bad idea

A) So you are going to save up 400k liquid before buying a house?
B) I'm not familiar with Ramsey but I don't see why his opinion is relevant? He took loans, had them recalled, so wouldn't he be biased against them?

https://en.wikipedia.org/wiki/Dave_Ramsey

C) He says it's okay to get a mortgage?!?!?
https://www.ramseysolutions.com/real-estate/how-to-buy-a-house
Step 4: Get preapproved for a mortgage.
The best way to buy a home is with cashbut if you have to get a mortgage, theres nothing wrong with that. Getting preapproved is the first step to securing a home loan.

This is a troll, right? Nobody is this ignorant? Dude just said the ceiling on jobs for lower class kids should be maintenance/janitorial work without batting an eye?

Theres nothing that debating with this guy is gonna do. If hes not a troll hes too fucking far gone.