Nate Duehr wrote:
> Martin wrote:
> 
>> I spent 5 years in college which I understand is not my right, but some
>> would say I should be able to do it if that's my desire. 
> 
> Those people would be WRONG.  You can do it if you can AFFORD it.
> 

We were talking about the use of credit and how irresponsible it is, I
said that I had to because I wanted to go to college. Get off my back,
eh? I am paying for it. I CAN afford it. But it's HARD because it's so
EXPENSIVE so I had to use LOANS (stay on topic)

>> I left college
>> with $65k in debt - mostly food and tuition for those 5 years. If I were
>> to somehow "save up" to go to college it would have taken me at least 10
>> years. Sure plenty of people use credit cards when they shouldn't, but
>> sometimes they don't have a choice.



> 
> Thankfully (or wrongly, depending on which side of the fiscal screw is 
> being turned) OLD student loans at the old fixed interest rates that are 
> NEGATED upon death, are the best kind of debt to own... you die without 
> having lived up to your education level or potential, the estate isn't 
> responsible for the education debt, and someone eats it.  The 
> government, which is to say... society.

We were talking about college is expensive and people have to take out a
bunch of loans and use credit cards to do it. I graduated in 2007. I'm
not dead yet.

> 
> Newer student loans have adjustible rates and you have to watch the 
> macro-economic signs that you're going to have to pay more if you carry 
> them long-term, and work your ass off to pay them off if your day is 
> coming.  But they're still negated at death, making them a 
> socially-backed system of providing education in the hopes that the 
> person will pay back the debt and then some.
> 

Yeah, because promoting education is a terrible idea. Again with the
"negated at death" comment. How many people die with student loans?
What's your fascination?

> The problem is... schools have figured out that society is backing the 
> loans, even the newer ones, and raised rates accordingly.  They know 
> they're getting paid, no matter how good or bad the quality of the 
> "education" is.

There's already a strict limit on how much money you can get in
subsidized loans, and it's rarely, if ever, "hundreds of thousands of
dollars."

> 
> How many colleges would fail OVERNIGHT if no more student loans were 
> issued?  (Just as a thought-provoking statement, not as something I 
> would ever actually want to see happen!)  How many would ride through 
> because people know the value of the education those institutions 
> provide and would pay any way they could to learn from them?

Are you against student loans in general? Because most of my student
loans are "honest" unsubsidized loans. Are you saying I shouldn't be
able to take out loans to pay for college if I don't want to? That's not
very libertarian-right-wing-free-market of you.

> 
> Here's a crazy thought... you can't take out a mortgage until your 
> student loan is paid off... that'd throw a monkey wrench into things, 
> now wouldn't it?  Or you're banned from purchasing a NEW car until 
> student loan debt doesn't show on your credit history?
> 
> Crazy thoughts... not sane or sound, just brainstorming here.

Great, fascism!

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