Debt ruins relationship

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S

Syringer

Lifer
Aug 2, 2001
19,333
3
71
http://www.nytimes.com/2010/09/04/your-money/04money.html?_r=4

Nobody likes unpleasant surprises, but when Allison Brooke Eastman’s fiancé found out four months ago just how high her student loan debt was, he had a particularly strong reaction: he broke off the engagement within three days.

Ms. Eastman said she had told him early on in their relationship that she had over $100,000 of debt. But, she said, even she didn’t know what the true balance was; like a car buyer who focuses on only the monthly payment, she wrote 12 checks a year for about $1,100 each, the minimum possible. She didn’t focus on the bottom line, she said, because it was so profoundly depressing.

“He accused me of lying,” said Ms. Eastman, 31, a San Francisco X-ray technician and part-time photographer who had run up much of the balance studying for a bachelor’s degree in photography.
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First of all, howTF do you rack up $170k in debt for a degree for PHOTOGRAPHY?

Secondly, how do you rack up $170k in debt for a degree for PHOTOGRAPHY?

Thirdly, i don't know what else to say.
 
I

iGas

Diamond Member
Feb 7, 2009
6,240
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ScottFern

ScottFern

Diamond Member
Oct 23, 2002
3,629
2
76
Simple. Greedy for profit "colleges" like DeVry and "The Art Institute" and other FOR profit higher education institutions that sell you this pipe dream and market it by doing a close up on the one guy who got a baller job working for Donald Trump.
 
B

Balt

Lifer
Mar 12, 2000
12,673
482
126
The whole "financial contract/obligation" of marriage is what is really wrong with the whole concept, imo. It seems at the very least you are taking a 50% chance (divorce) of having to lose at least 50% of your prior and future earnings (alimony).

Also from that story:

Ms. Tidwell will probably rack up $250,000 in debt by the time she is done with school.
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Unless you are going to be a doctor, that reflects VERY poor judgment.
 
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S

Syringer

Lifer
Aug 2, 2001
19,333
3
71
Balt said:
The whole "financial contract/obligation" of marriage is what is really wrong with the whole concept, imo. It seems at the very least you are taking a 50% chance (divorce) of having to lose at least 50% of your prior and future earnings (alimony).

Also from that story:



Unless you are going to be a doctor, that reflects VERY poor judgment.
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Did you read the article?
Kerrie Tidwell, a medical student, is struggling to figure out the right way to manage her debt with her long-term boyfriend, Stefan Kogler.
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B

Balt

Lifer
Mar 12, 2000
12,673
482
126
Syringer said:
Did you read the article?
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My mistake, I did read some of it but not all of it. The fact that she accrued so much of her debt studying something other than medicine doesn't change my opinion, however.
 
S

Syringer

Lifer
Aug 2, 2001
19,333
3
71
Balt said:
My mistake, I did read some of it but not all of it. The fact that she accrued so much of her debt studying something other than medicine doesn't change my opinion, however.
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This was the person you quoted..

Kerrie Tidwell, a medical student, is struggling to figure out the right way to manage her debt with her long-term boyfriend, Stefan Kogler.
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R

Ronstang

Lifer
Jul 8, 2000
12,493
18
81
WHAMPOM said:
One and two and three: $For$ $Profit$ $College$
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There is no one forcing idiots to spend that kind of money on a degree. The richest people I know did not go to the fancy private super expensive schools. They couldn't afford them at the time....but they can now. It really is no different than the kind of fool who shops at Needless Markup.
 
Binarycow

Binarycow

Golden Member
Jan 10, 2010
1,238
2
76
Financially clueless people like her are partially responsible for the economy we're in right now. If I were her fiancee it would take me 3 seconds to drop her instead of 3 days. Nothing good could come by attaching yourself to an irresponsible person like her. I'm glad that the fiancee got out OK, good for him.
 
eits

eits

Lifer
Jun 4, 2005
25,015
3
81
www.integratedssr.com
first, the guy's a douchebag for breaking off the engagement. good riddance. she's better off without a dude like that.

second, she takes some really great photos.
 
0roo0roo

0roo0roo

No Lifer
Sep 21, 2002
64,795
84
91
eits said:
first, the guy's a douchebag for breaking off the engagement. good riddance. she's better off without a dude like that.

second, she takes some really great photos.
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Why douche? She was going to bring massive financial burden into his life. Marriage these days is based on this merging of finances, so its fundamental. he's better off without a spend thrift wife.

i don't care how nice the photos are, photography doesn't pay anymore, digital cameras are cheap and everyone can take as many as they want now, folks who are good with a dslr are a dime a dozen.
 
eits

eits

Lifer
Jun 4, 2005
25,015
3
81
www.integratedssr.com
0roo0roo said:
Why douche? She was going to bring massive financial burden into his life. Marriage these days is based on this merging of finances, so its fundamental. he's better off without a spend thrift wife.

i don't care how nice the photos are, photography doesn't pay anymore, digital cameras are cheap and everyone can take as many as they want now, folks who are good with a dslr are a dime a dozen.
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"for richer or poorer". when you propose, you think about everything before you do it... otherwise, you don't do it. financial burden or not... let's say she BECAME a financial burden? would he dump her then?

he's a douche for not thinking things through and not loving her enough to tough it out and help her with the debt.
 
zerocool84

zerocool84

Lifer
Nov 11, 2004
36,041
472
126
eits said:
"for richer or poorer". when you propose, you think about everything before you do it... otherwise, you don't do it. financial burden or not... let's say she BECAME a financial burden? would he dump her then?

he's a douche for not thinking things through and not loving her enough to tough it out and help her with the debt.
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Really? Really?

Someone being in that amount of debt says what type of person they are. Would you knowingly want to get married to someone like that? He thought about it more and didn't marry her and was smart enough to run from someone like that. He's smarter than the millions of other people that DO marry someone with that kind of debt.
 
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