Student Loan Crisis is coming to a TRILLION $ head

binky622 wrote: ThoughtCouture wrote: the goal is for the 99% to live and die in debt... the crazy part is now that the middle class are losing jobs the economy has a hole in it. while the 1% and rich hold on and are posturing over their money.  They are still making strides income wise while the middle is falling in disproportional numbers.  I wonder what the next scam will be, lets see we can cross off the housing/real estate, stock market, student loans, FDIC...what  is next?

the first two years of college are usually a complete waste of time

newdiva1 wrote: maysay1 wrote: A 4-year college education is a luxury consumer good, point blank period. And universities are profitable businesses who are controlled and maintained by the 1% in order to perpetuate the current power structure. You shouldn't finance a 30,000$ car and have 400$ payments for 5-7 years when you only make 30,000 a year...and you shouldn't finance an education and have 200-1000$ in payments for the next 25 years when you don't even have a job. Education used to be a way out, but once the 1% noticed that they made sure to jack up tuition costs to exorbitant prices and then sold the solution (loans). But they also made sure that the loans can't be discharged in bankruptcy and they buy politicians who vote against lowering interest rates. This is all big business so they can make money. That's it and that's all. The most subversive thing a young person can do today is get a valuable education without paying for it and not take on any debt (student, car, mortgage, credit card, etc).             yup.  how the fucc you gone make me buy a book for $200 plus dollars then when I try to sell it back gone tell me you can only give me $20 fuccin' dollars?  then...then...you can't use the same book the next year cause the Professor is tellin' u that u need the revised edition when for real for real the only thing that is changed is they added a "the".     you're sure right maysay. Education now is right up there with Securities and Luxury taxes.

i was so bitter about that...and it was the same. every semester. and my school didn't release the book lists early, so you HAD to buy at the college bookstore. then, you could get what you needed on credit, and use your sh*tty campus job to pay it back. then when you didn't pay it off (b/c you only make MAYBE 3.50/hr), you gotta take out an institutional loan to pay it back

my college was supposed to be one of those tuition-free colleges, and catered to low-income individuals, but so many of us walked out of there with 10k in loans. and we were lucky compared to other ppl at other places

this is def. the next bubble that will pop.

gov't better not bail out sallie mae, let that ish fail


Edited by Ladybird0724 - Mar 01 2013 at 12:45pm

ScorpioLuv wrote: niecy wrote: newdiva1 wrote: maysay1 wrote: A 4-year college education is a luxury consumer good, point blank period. And universities are profitable businesses who are controlled and maintained by the 1% in order to perpetuate the current power structure. You shouldn't finance a 30,000$ car and have 400$ payments for 5-7 years when you only make 30,000 a year...and you shouldn't finance an education and have 200-1000$ in payments for the next 25 years when you don't even have a job. Education used to be a way out, but once the 1% noticed that they made sure to jack up tuition costs to exorbitant prices and then sold the solution (loans). But they also made sure that the loans can't be discharged in bankruptcy and they buy politicians who vote against lowering interest rates. This is all big business so they can make money. That's it and that's all. The most subversive thing a young person can do today is get a valuable education without paying for it and not take on any debt (student, car, mortgage, credit card, etc).             yup.  how the fucc you gone make me buy a book for $200 plus dollars then when I try to sell it back gone tell me you can only give me $20 fuccin' dollars?  then...then...you can't use the same book the next year cause the Professor is tellin' u that u need the revised edition when for real for real the only thing that is changed is they added a "the".     you're sure right maysay. Education now is right up there with Securities and Luxury taxes. And then schools like to try to get you too. Trying to have special editions of books specifically for just that school so even if you wanted to go for the cheap route to save money by buying your books online you can't because the book is a special edition that can't be bought elsewhere SMDH Yup, my old school did that for Anatomy and Physiology. I hadf took A&P1 using one text and by the next semester, to finish both parts, they had come out with their own special edition.

it will have to bust ladybird so that modifications can be made instead of being spoon fed crap get it over with.