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Flowing-Ice 
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 Posted: Jan 18 2013 at 1:49pm |
 ThoughtCouture wrote:
Flowing-Ice wrote:
do i really care if they pay it back? as an individual... no.
but as a system who knows this is a flaw, and that this flaw has led us as a nation into trouble before... yeah i care.
this isn't just one person doing this. its happening on a large scale.
so yeah... i will be concerned about you taking loans for no reason. |
and that's my point. i do NOT think non repayment is overly taxing the system. it's VERY hard to pull off you literally have to be on some ghost face shyt. overally, student loans stimulate the economy more than anything else...so ummm...yeah.... |
stimulation of the economy by borrowed money is stimulation. but it is BAD stimulation. its unsustainable.
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ms_wonderland
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Posted: Jan 18 2013 at 1:50pm |
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Who is taking out loans for no reason? You're not getting a dime unless you're taking a certain # of classes and your grades stay up. There's only so many ppl who can continue to take advantage of the system.
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iGotSunshine
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Posted: Jan 18 2013 at 1:51pm |
I can appreciate this thread.
Actual dialog, no beneath the belt shots.
I can dig it.
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jonesable
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Posted: Jan 18 2013 at 1:51pm |
Flowing-Ice wrote:
ThoughtCouture wrote:
Flowing-Ice wrote:
do i really care if they pay it back? as an individual... no.
but as a system who knows this is a flaw, and that this flaw has led us as a nation into trouble before... yeah i care.
this isn't just one person doing this. its happening on a large scale.
so yeah... i will be concerned about you taking loans for no reason. |
and that's my point. i do NOT think non repayment is overly taxing the system. it's VERY hard to pull off you literally have to be on some ghost face shyt. overally, student loans stimulate the economy more than anything else...so ummm...yeah.... |
stimulation of the economy by borrowed money is stimulation. but it is BAD stimulation. its unsustainable. |
now this sentiment I agree with .
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Midwest_Da_Gawd
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Posted: Jan 18 2013 at 1:52pm |
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Smh student loans are for suckas anyway.
I tell these lil Brothas
all the time, if you aint got no scholarship to the university don't
waste your time and money. You can start off at a junior college and transfer
later. Brothas love to make sh*t unnecessarily hard for themselves.
But of course, that's only if you even want to go to college in the first place. *sips Kool Aid*
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ThoughtCouture
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Posted: Jan 18 2013 at 1:52pm |
Flowing-Ice wrote:
ThoughtCouture wrote:
Flowing-Ice wrote:
do i really care if they pay it back? as an individual... no.
but as a system who knows this is a flaw, and that this flaw has led us as a nation into trouble before... yeah i care.
this isn't just one person doing this. its happening on a large scale.
so yeah... i will be concerned about you taking loans for no reason. |
and that's my point. i do NOT think non repayment is overly taxing the system. it's VERY hard to pull off you literally have to be on some ghost face shyt. overally, student loans stimulate the economy more than anything else...so ummm...yeah.... |
stimulation of the economy by borrowed money is stimulation.
but it is BAD stimulation. its unsustainable. |
again, i do NOT believe non-repayment of student loans is overly burdensome to the system. and as some have tried to point out again and again...it's not like you can REALLY ball out of control....there are tuition/cost of living caps.
it's not the same as the mortgage bubble...
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Flowing-Ice
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Posted: Jan 18 2013 at 1:53pm |
ms_wonderland wrote:
Who is taking out loans for no reason? You're not getting a dime unless you're taking a certain # of classes and your grades stay up. There's only so many ppl who can continue to take advantage of the system. |
have you ever spent money from refund checks on luxury shoes clothes/hair? how many people that you know do this?
you don't have to answer me, but thats your answer. its on a large scale, no denying that. along with other issues in the school system itself, its time we rethink the way we go about where we put our funding.
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stardaqueenb23
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Posted: Jan 18 2013 at 1:55pm |
SamoneLenior wrote:
who decides how much is need for a loan?
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For Govt- The school and the Govt have guide lines for estimated cost per year which depends on your class(freshmen need less than senior etc.) For private loans the lender sets amounts depending on your school, state, program etc.
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ThoughtCouture
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Posted: Jan 18 2013 at 1:55pm |
Midwest_Da_Gawd wrote:
Smh student loans are for suckas anyway.
I tell these lil Brothas all the time, if you aint got no scholarship to the university don't waste your time and money. You can start off at a junior college and transfer later. Brothas love to make sh*t unnecessarily hard for themselves.
But of course, that's only if you even want to go to college in the first place. *sips Kool Aid* |
how much is jr college these days?
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maysay1
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Posted: Jan 18 2013 at 1:55pm |
ThoughtCouture wrote:
and that's my point. i do NOT think non repayment is overly taxing the system. it's VERY hard to pull off you literally have to be on some ghost face shyt. overally, student loans stimulate the economy more than anything else...so ummm...yeah.... |
It's not non-repayment in and of itself that's the problem. It's the fact that because there's such high unemployment coupled with student loan debt. People can't afford to pay their student loan debt AND be the type of consumer the economy needs to survive. And because so many people are now in the situation where they will have to default on their student loans, we're on the precipice of a student loan crisis that will be just like the mortgage crisis. And just like the mortgages, the banks will make out with huge profits and all we'll end up with is f*cked up credit and even less ability to care for ourselves. It's really sad that we keep allowing the banks and the 1% to do this to us...but some people are waking up to what's really going on. Hopefully we all do before it's too late.
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