Loans coming due, job or no job | The Columbus Dispatch

Ain't hope and change grand. Bozo has killed the economy and our curency is set for hyperinflation worse than during carters time. Private sector jobs that pay real wages are gone

It just blows my mind what it takes for someone to go to college.

This is where I think we need the help. They say some parents make too much money for students to help but they don't seem to add all of the other expenses. Like how many children are in the family and what it cost to raise them.

lfod wrote:

Ain't hope and change grand. Bozo has killed the economy and our curency is set for hyperinflation worse than during carters time. Private sector jobs that pay real wages are gone

How about that needless multi-trillion dollar war that Bush started? And the bank and auto bailouts that Bush started? Should I go on or is that enough for you?

Higher education is the next bubble - lots of low-cost loans that bid up the price of the asset, a diploma. Then, the borrower is underwater when the asset doesn't pay off in landing a job.
A college education is important and necessary but overpriced just like housing. As long as the cheap mostly government loans keep the bubble growing, this problem will not end.

StanTheMan wrote:

<quoted text>
How about that needless multi-trillion dollar war that Bush started? And the bank and auto bailouts that Bush started? Should I go on or is that enough for you?

don't waste your breath.according to him everything was just peachy keen and great untill 2006

While everyone has rightful contempt for the doctor for instance who makes half a million a year and then skips on his loans, the reality is that a fair number of kids are severely burdened by the outrageous cost of college.

It's time to crack down on the charlatans like Gordon Gee and the rest of the OSU Royalty whose palace and empire-building have made a mockery of OSU's original land-grant mission.

At the same time, it's probably not a bad idea that some kids know that perhaps college is not necessarily for everyone. And that's not to say that poor kids should not be welcome, as some kids regardless of socioeconomic status may be better suited for something else and many, again aside from socioeconomic status, are simply not yet mature enough for it in the first place.

In either situation, the accruance of mamoth loan obligatins is a disservice to them and to us.

Hey Gordon, let's get responsible!

I was able to defer my student loan for about a year until I found a full time job in the early 90's. I've paid off my private school loan (only 18k after 4 years), but I can't imagine having the huge totals students are now accumulating. Is a college education really worth it? It was for me, but most student now are unfocused, so they come out still not knowing what they want so they end up underemployed. Some colleges dont seem to care as long as the money is rolling in.

First, not everybody needs to go to college. Not everybody is college material. There are several thousand people enrolled in college that have absolutely no reason for being enrolled.

Second, just because a student turns 18 does not mean that parents no longer need to support their children. I love the parents that sit in my office and then state "He's on his own." Guess what Daddy? You helped to bring him in this world and the Dept. of Education says you are still responsible for assisting him pay for his college education.

Third, MOST parents have not saved a penny for their child's education. It is shameful the number of parents who have not put any money away for their kids to go to school. Oh yeah, you can drive that nice car, and live in that $500K house, but you can't save a $1,000 a year to put in a college fund?

Fourth, this student should ask for a DEFERMENT until he is able to find a job. The loan does not go away, but the student would not be required to make a payment on the loan until he has secured a job (or whatever arrangements he makes with his lender). He should contact his lender about acquiring a deferral.

People with federal student loans who are actively seeking full time employment and currently working less than 30 hours per week can qualify for an unemployment deferment which will postpone their payments until they find work (for a total of 36 months during the life of the loan). Borrowers having other repayment issues should contact their lender right away as there are lots of lower payment and other options available.

College is another government funded racket - as stated above, it is a necessary investment for a lot of people, but the cost has been inflated beyond any reasonable level.

I lived at home with my parents, worked during the day, and went to school at night. I graduated with $1,200 of debt as an undergrad, and graduated debt-free when I got my grad degree.

Of course now, little Johnny thinks he is entitled to the college "experience". The education racket encourages that thinking, takes their money, and then kicks them out with no real job skills.

as a person who has paid on his loans for years...remember if you are out of work or underemployed...to file for financial or unemployed forbearance...the loan stays around but does not hurt your credit and is reported current

$147 a month is the cost of a cell phone bill and cable tv. Try prioritizing. Suck it up and pay your bills.

Former Student wrote:

Higher education is the next bubble - lots of low-cost loans that bid up the price of the asset, a diploma. Then, the borrower is underwater when the asset doesn't pay off in landing a job.
A college education is important and necessary but overpriced just like housing. As long as the cheap mostly government loans keep the bubble growing, this problem will not end.

Congress passes laws and declares war not the president.

Parasite Government wrote:

I lived at home with my parents, worked during the day, and went to school at night.

You do sound like a parasite.

Mike Connor wrote:

<quoted text> Congress passes laws and declares war not the president.

Okay, the democrats seized congress in January 2007. Is the economy now "democrats fault" instead of "Bush's fault" ?

fed up wrote:

$147 a month is the cost of a cell phone bill and cable tv. Try prioritizing. Suck it up and pay your bills.

He should be able to make that working part-time somewhere.

Try AmeriCorps if worst comes to worst

You signed for the loan, now pay it back, even if you have to take a job "beneath yourself".

If you don't like the unemployment situation, stop voting for the liars that have sold out our citizens for cheap labor overseas, stop buying everything made in China, and demand that our government stops illegal immigration and deports the job stealers.

I've been paying $120/month on my student loans since my freshman year.

Try $700/month if you want to talk about student loan bills that are hard to pay, and those are private loans without deferment options.

Parasite Government wrote:

College is another government funded racket - as stated above, it is a necessary investment for a lot of people, but the cost has been inflated beyond any reasonable level.
I lived at home with my parents, worked during the day, and went to school at night. I graduated with $1,200 of debt as an undergrad, and graduated debt-free when I got my grad degree.
Of course now, little Johnny thinks he is entitled to the college "experience". The education racket encourages that thinking, takes their money, and then kicks them out with no real job skills.

Not only that, but most of what is taught is USELESS indoctrination in globalism and groupthink. Parents thinking they are sending their kids off to college to be educated to be useful and have practical knowledge are living in the past and throwing money into a socialistic trashcan. I have two degrees earned 25 years apart and the drop in the quality of education offered and the level of work expected is staggering. You can get "A"s now for just having the "correct" attitude, believe it.