If banks would adjust the terms of the loans based on

May 8, 2019
12:03:31pm

KingDave All-American

the major, income potential, and so on. They could adjust the maximum loan, interest rate, and repayment schedule based on the student’s likely ability to repay.

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KingDave

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Bio page: KingDave
Joined: Oct 12, 2009
Last login: Sep 16, 2024
Total posts: 70,729 (21,265 FO)

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Messages

Author

Time

Why student loan debt is so pernicious.

Adrielle Lone Biker of the Apocalypse

5/8/19 9:52am

4th - people are dumb and need to be protected from themselves and their parents

cougfanz

5/8/19 9:54am

RE: Why student loan debt is so pernicious.

garyfan

5/8/19 9:59am

RE: Why student loan debt is so pernicious.

diluigifan

5/8/19 10:44am

I think bankruptcy should only be a last resort, but it ought to be an option

KingDave

5/8/19 11:30am

You can do this currently.

Iron Coug

5/8/19 1:45pm

One step I think would help a lot is if the money went straight to the

crack

5/8/19 10:02am

Know many stories like this even if not a vacation but other things-- car, housing remodel, etc.

soupie

5/8/19 10:28am

Oh also, I would limit the amount of time people could put it off. There is no

crack

5/8/19 10:33am

This. I know one with Jazz season tickets

Cougarbib

5/8/19 11:38am

Great post. Considering the route your daughter took, it's a huge blessing to

WDaddy

5/8/19 10:03am

College is about more than becoming a STEM bot, though. I get what you are

Iman23

5/8/19 10:09am

I think colleges are going to be forced to reconcile that issue in the near term. A few colleges with heavy

Bob Vance

5/8/19 10:16am

As a person who has a Liberal Arts degree, I understand, but

Adrielle

5/8/19 10:25am

I htink the problem is a little deeper. It starts in Junior High and High School

Iron Coug

5/8/19 10:15am

Our local high schools are expanding vocational training programs with enormous success.

SaturdaySpecialDay

5/8/19 10:26am

Oh, i totally agree. We are the only country in the western world that tries to track

Adrielle

5/8/19 10:32am

Bwahaha

jxncoog

5/8/19 12:04pm

Meanwhile, the guys with the biggest houses are the plumbers and the

Cougarclaw

5/8/19 10:15am

Along with private loans should be the ability to have the loans discharged in

Odysseus

5/8/19 10:22am

Exactly right.

Adrielle

5/8/19 10:33am

I just read John Grisham's The Rooster Bar. Funny novel with student debt

JmThms

5/8/19 10:33am

Students and their families simply borrow too much money. Many of them give no thought to how

lightmann

5/8/19 11:02am

I don't think we should so readily discount "worthless" liberal arts degrees.

demon_llama

5/8/19 11:05am

I have an English degree

Adrielle

5/8/19 11:52am

I'm not even opposed to gender and ethnic studies if that's what you want to

demon_llama

5/8/19 4:03pm

Yes. Someone needs to repair cars, build houses, mow lawns, pick fruit,

Cougarbib

5/8/19 5:15pm

$200K for an English degree pursuing a teaching career is fine if you have $200K

Cougarbib

5/8/19 11:55am

If banks would adjust the terms of the loans based on

KingDave

5/8/19 12:03pm

Like my dad always said, "If I owe the bank $10,000 I have a problem. If I owe

demon_llama

5/8/19 4:01pm

I got a psych degree from BYU, which helped me get a job as an underwriter.

dchandle15

5/8/19 11:53am

RE: I got a psych degree from BYU, which helped me get a job as an underwriter.

Adrielle

5/8/19 12:03pm

Now, suppose you had borrowed $250K to get it from Stanford

Cougarbib

5/8/19 12:09pm

That’s a good point. And I also did work while in college, so maybe we are both

dchandle15

5/9/19 12:39am

We are. Be prudent. Be efficient. Work hard. Make sacrifices. Then,

Cougarbib

5/9/19 11:44am

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