college debt is spiraling out of control

[craig84]

just heard it on the news. meanwhile i finished my bachelor degree with zero debt. wife is all but dissertation for her phd and only has ten grand in loans. what the hell are you fukers all doing wrong?

[darkninja67]

More college tuition debt than credit card debt in the good old USA

[CannibalJester]

they be going to state colleges in other states, that costs more, i just go to my commuter school, brb 5k a year

[PlayTheGameBRAH]

scottish brah checkin in, we get paid off the government to go to uni (srs) and have number 6 best uni in the world with st.andrews. nya maddd

[KingOfCreatine]

Nothing, I have no debt either.

[craig84]

they be going to state colleges in other states, that costs more, i just go to my commuter school, brb 5k a year

i went to uk. ohio people all up in that college because ohio state costs more than out of state university of kentucky. that isn't always the story.

[629]

may 2012 graduate with just under 100k in debt checking in. brb payments for life or until government decides to reform this shet (or until some people in my family die and I inheret money). at least I have a FT job though.

[sloan51]

in all fairness, i go to a public state university, and its still 11k per year, 22k to live there. i get very little financial aid(partially my fault for bad grades fresh year, partly because my dad makes a decent amount of money). so i have the choice of either taking out close to 18k a year in loans, or live off campus and take out 8-9k a year but have to work 40 hours a week to pay for rent, utilities, food, etc.

i'll graduate from a public, state school with about 40k in loans, having worked 40 hours a week 3 of the 4 years. 0 ****s given though because i'm studying a useful field and will be able to get a decent job.

the issue is people taking out 100% of school costs in loans, to get a liberal arts degree, and then they wait tables after graduation and can't pay their bills.

[Russia25]

Went to cheap in-state university. Walked out with 6k in debt. Lived at home for 18 months and paid it off in a year by just throwing all of my paycheck at it (while working at dominos lol) Parents had college fund set up for me when I was born which really helped out. One of my best friends went to same school...came from lesser means than me and has 30k in loans. Her parents didnt have good enough credit to co-sign for cheap loans and most of the financial aid she qualified for was loans.

[P51]

You guys must be on poverty time. I'll be 50k in debt. School in my state is 10+10k to live there. With some aid I'll still be in massive debt.

[LaCosaNostra90]

This isnt American hate but why dont you guys go to Uni internationally? I mean, even in Canada prices would be much much lower as an international student.
McGill, UBC, UofA, UofT are all rated in the top 100 for sure.

[craig84]

may 2012 graduate with just under 100k in debt checking in. brb payments for life or until government decides to reform this shet (or until some people in my family die and I inheret money). at least I have a FT job though.

i know 1 person with college debt close to 100k. they just finished pharmacy school. parents made too much to qualify for loans. had to pay their whole way through. that is for a degree that allows a person to make over 100 k a year. what was your undergrad?

You guys must be on poverty time. I'll be 50k in debt. School in my state is 10+10k to live there. With some aid I'll still be in massive debt.

NO. i knew i wanted to go to college but i didn't go full potato about it; did 4 years in the marines so it would be free. my wife's scholarships paid for her undergrad and then was an ra during ms and now phd to get that paid for. some people shouldn't go to school. for under ten k you could get certified as a welder at a local cc and get a job starting at 20 dollars an hour.

[BeanTank]

It cost me about 5.5k for fees and rent for the year. Joys of college in Ireland. Fees are only 3k. Plus you can apply for a goverment grant that will cover all tuition fees.

[1988Olds]

I'm about 65K in debt myself. Had to pay for college all by myself. Had good grades (3.6gpa in HS), was an Eagle Scout and got nothing. Only another 13 years to go.

[craig84]

I'm about 65K in debt myself. Had to pay for college all by myself. Had good grades (3.6gpa in HS), was an Eagle Scout and got nothing. Only another 13 years to go.

what was your degree in?

[strunz]

idiots dont understand lending money is a business

[P51]

i know 1 person with college debt close to 100k. they just finished pharmacy school. parents made too much to qualify for loans. had to pay their whole way through. that is for a degree that allows a person to make over 100 k a year. what was your undergrad?



NO. i knew i wanted to go to college but i didn't go full potato about it; did 4 years in the marines so it would be free. my wife's scholarships paid for her undergrad and then was an ra during ms and now phd to get that paid for. some people shouldn't go to school. for under ten k you could get certified as a welder at a local cc and get a job starting at 20 dollars an hour.

What is your point? Not everyone can join the military first. Also most people do get scholarships like me, but still have debt. I got half my school paid for me because of my grades/test scores.

[LaCosaNostra90]

I just cant believe the amount of debt in here. Even a bachelors degree wont secure a good job these days, simply isn't worth that amount of debt.
Especially in 10-15 years, the job prospects will be almost non existent

[sloan51]

yes there is state schools but even those come in around 20-25k a year now. thats 80-100k for a 4 year education from a state school. most prestigious private schools are in the 50k PER YEAR range. thats 200k for a 4 year education.

now add in that most people won't even make close to that starting salary, plus the fact theres interest from anywhere from 3% for a federal loan to 12% for a private loan from sallie mae.


u wot m8?

[P51]

This isnt American hate but why dont you guys go to Uni internationally? I mean, even in Canada prices would be much much lower as an international student.
McGill, UBC, UofA, UofT are all rated in the top 100 for sure.

Because no employer is going to care about a non us college unless its Oxford. Its just the stigma of America > everyone else.

My dad is a CEO of NA division of a company and people come to America for education not the other way around. They rarely higher people from European schools for example.

[BetaRay]

Tax payer subsidizing loans ... college charge whatever they want

[toolb0x]

school is almost 32k a year, thats just tuition, I live off campus with friends for 400 a month, all utilities included and food also.

of the 32k a year in tuitition I pay 3k a year. First year at school though didn't get nearly this good of scholarships and had to pay almost 6k a semester out of pocket, and as such will graduate with around 18-20k in loans.

[dirtbikeguy]

They're all lazy ****s who don't work while going to school. srs.

[LaCosaNostra90]

Because no employer is going to care about a non us college unless its Oxford. Its just the stigma of America > everyone else.

I highly doubt that, and its certainly not worth the extra 10-40 grand a year. Any top university in Canada is on par with any American university outside of the big ones like Harvard

http://www.topuniversities.com/unive...-rankings/2012

2 of ours make the top 20, not bad for how small we are in comparison

[craig84]

What is your point? Not everyone can join the military first. Also most people do get scholarships like me, but still have debt. I got half my school paid for me because of my grades/test scores.

point is a university education isn't an essential thing that people should be jumping into 10 years worth of debt over. either go about attaining the degree in a financially smart way or, if that isn't possible, take a different route in life.

[lunchbox12]

It cost me about 5.5k for fees and rent for the year. Joys of college in Ireland. Fees are only 3k. Plus you can apply for a goverment grant that will cover all tuition fees.

Location: Ireland

[Mysterious One]

Zero debt college brah checking in.

[Jms89]

Simple, going away to school, living on campus, getting apartment, books, meal plans, and failing a few classes = gigantic debt. Commuter colleges are the way to go as far as saving a ton of money goes.

[P51]

point is a university education isn't an essential thing that people should be jumping into 10 years worth of debt over. either go about attaining the degree in a financially smart way or, if that isn't possible, take a different route in life.

Great advice but not everyone is cut out for trade work and considering its been proven time and time again college grads will make a ton more money over their lifetime compared to non Id say don't take this advice

[Voidofhope]

That feel when socialized education. I'm paying €275 for my first year in nursing.