$1 Million in Student Loans. Holy Smokes!

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Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
I think I posted before about my dental hygienist. Dropped $100K for a 4 year retail management degree and then...oh, crap, nights/weekends/holidays... So she spent $5K for her hygienist paper. Someone should have talked with her sooner.


The girl is nice enough. He'll be the one effing up because of being 17 years old. 2 things on my mind at that age and school/education weren't in the mix.

It's hard for a 17 year old to give up guaranteed poon, really really hard. What I'd do is take him on a tour of the college you want him to go to and let him see all of the potential poon that awaits him. His choices have been really limited so far but college really opens up the poon opportunities to a level he will likely never see again. But I'm sure he is in "love", which tends to happen when you first start getting your pecker wet on the regular, so that will have to be overcome.
 

Exterous

Super Moderator
Jun 20, 2006
20,612
3,834
126
It depends.

Its all speculation now. What if the economy goes to shit and one of the reasons why is because of student loan debt. What if we have a generation of people who can't afford to buy big ticket items like cars and homes. Items that could have a negative effect on our economy.

Its not speculation. Student debt it depressing home ownership numbers for millennials:
https://www.bloomberg.com/news/articles/2017-07-17/student-debt-is-hurting-millennial-homeownership
https://www.nytimes.com/2018/05/25/business/how-student-debt-can-ruin-home-buying-dreams.html

and is thought to be one of the factors depressing car sales:
https://www.forbes.com/sites/quora/...wer-cars-than-older-generations/#551d50ec7726
 

highland145

Lifer
Oct 12, 2009
43,973
6,340
136
It's hard for a 17 year old to give up guaranteed poon, really really hard. What I'd do is take him on a tour of the college you want him to go to and let him see all of the potential poon that awaits him. His choices have been really limited so far but college really opens up the poon opportunities to a level he will likely never see again. But I'm sure he is in "love", which tends to happen when you first start getting your pecker wet on the regular, so that will have to be overcome.
electro shock therapy will commence, immediately.

He has to earn enough to keep me and the wife comfortable in his basement. Comfortable...:colbert;
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
electro shock therapy will commence, immediately.

He has to earn enough to keep me and the wife comfortable in his basement. Comfortable...:colbert;

Ooh the electroshock therapy is a great idea but why are you and the wife moving into the basement? Or do I even want to know what you have planned for the basement and your wife when the kid moves out?
 

highland145

Lifer
Oct 12, 2009
43,973
6,340
136
Ooh the electroshock therapy is a great idea but why are you and the wife moving into the basement? Or do I even want to know what you have planned for the basement and your wife when the kid moves out?
You didn't get the invite?

Efing USPS. Surprise ruined.:(
 
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jtworldwide3

Member
Feb 15, 2006
33
2
71
The PSLF program is complete garbage. People game the system and it constantly pisses me off.

I took out loans to pay for school, graduated, got a job and paid them pack in 8 years. The problem is all the people that get the garbage degrees and cant get any other job other than flipping burgers and serving coffee. Sorry, but i should not be paying for your lack of ability to investigate the earning potential of your underwater basketweaving degree.

That program should certainly not be allowed to be used by people that have high paying jobs though. If that is the case, i would like a check for all the interest i paid into my loans.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
He sure isn't, I think he's a dick and definitely exploiting the system to a degree, but sure isn't stupid.

I don't disagree about him being a dick and exploiting the system but kudos to him for figuring out how to do it and successfully implementing it.
 

TheVrolok

Lifer
Dec 11, 2000
24,254
4,092
136
I don't disagree about him being a dick and exploiting the system but kudos to him for figuring out how to do it and successfully implementing it.
I actually remember buying a $19.99 blu ray and feeling fairly guilty about it because technically the money I used was loan money and some fraction of a percentage of that money will more than likely be forgiven. Welp, thanks taxpayers.
 

lxskllr

No Lifer
Nov 30, 2004
60,721
11,102
126
I actually remember buying a $19.99 blu ray and feeling fairly guilty about it because technically the money I used was loan money and some fraction of a percentage of that money will more than likely be forgiven. Welp, thanks taxpayers.
You're welcome! ~$20 was given to Israel on my behalf. I feel better about your bluray. In fact, I'd rather get you another bluray, and give Israel nothing. At least you're American.