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    Forums ›› Main ›› Economics ›› This is Why U.S. college educations are worthless.  


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failed_trad3r
 

Registered: Oct 2009
Posts: 1607

 

12-29-11 02:19 PM

Loans are not the problem. The problem is the loans don't discharge in bankruptcy. Which means the loans are guaranteed yield by the government. Remember that from 2008? Guaranteed bailouts from the government, it's the same deal with student loans. If you sell a loan with 5% its basically risk free unless the person goes MIA.

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dewton
 

Registered: Jun 2006
Posts: 214

 

12-29-11 02:22 PM

Student loans not held by private banks should just be forgiven... that'd help a great deal.

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gwb-trading
 

Registered: Jan 2002
Posts: 1653

 

12-29-11 03:02 PM


Quote from dewton:

Student loans not held by private banks should just be forgiven... that'd help a great deal.



Yeah... so I worked my butt off to pay back my student loans and you should get a free pass while my taxes increase to pay off your loan.

I think not.

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Scataphagos
 

Registered: Apr 2009
Posts: 9156

 

12-29-11 03:09 PM


Quote from gwb-trading:

Yeah... so I worked my butt off to pay back my student loans and you should get a free pass while my taxes increase to pay off your loan.

I think not.



All the greedy little bastards like to whine, "my debts should be forgiven", "I should get free tuition", "I should get free health care", "soak the rich so that I don't have to pay", "I should be given a well-paying job with benefits and a long, paid vacation each year"...

Amazing... what the entitlement society thinks they "deserve"

Liberalism run amok...

(Grandpa used to tell me that I wasn't even entitled to EAT unless I worked... harsh, but that ethic is what made America great.)


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rtiger29
 

Registered: Jun 2010
Posts: 158

 

12-29-11 03:45 PM


Quote from rosy2:

I would argue that if you're in the US and cannot get in to a top school then go to any school overseas (asia, europe, ...). That shows you have some balls. I have seen so many big 10 people (less nw) who are just cubicle workers; they're smart but are happy with 9-5 paycheck



Being in the midwest and graduation from the University of Wisconsin Madison, i definitely agree with this statement here. A lot of smart individuals, especially the women, but most of them are content with that 9-5 paycheck, even if its 25-30k. Most of them are very afraid to take on risk, must be a Midwestern thing though. Im from the East coast. Try telling any of them about starting a business and your looked at like your crazy. Lol.

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wilburbear
 

Registered: Oct 2004
Posts: 3038

 

12-29-11 04:19 PM

Just heard another one.

Distant relative with Masters degree in forestry. No job. Living with parents for last 5 years.

Again, a competitive advantage can be had by avoiding college and debt.

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