I graduated and found out I have $200,000 in debt

[singular_me]

competition of the smartest = how much one is willing to pay for it? darwinism to death

-----------------------


I am the student loan crisis at its ugliest: I graduated and found out I have $200,000 in debt
1st February 2016

Every once in a while, when I’m feeling overwhelmed, I watch college commencement ceremonies on YouTube.

These rituals remind me how perverse our higher-education system is—and of the empty idealism that colleges and universities sell us:

We are here today, donning our ceremonial robes and caps, to recite the traditional vacuous platitudes and wish you well in paying off high-interest student loans for which we are in no way held accountable.

Let us now further romanticize our fair institution by singing the alma mater and conveniently forget that tuition has gone up 1,120 percent since 1978. Good luck out there, kids!

I’m a consumer of those vacuous platitudes and a victim of this system. After finishing my master’s degree in 2008, I found out—as in, I didn’t already know—that I had $200,000 in student debt.

Some well-paying professions might make this amount manageable, but for a bioethicist like me, it’s been crushing. Many things had to go wrong for this to happen—or right, if you’re a school or a lender. Although the hefty amount I owe is unusual, my experience is not: Motivated by an idealistic view of education and career and vulnerable to predatory, disingenuous, or at least negligent institutions, young people and their families too often take on large amounts of student debt.

No matter how much they owe, the consequences of that debt can be outsized. These young people may have to abandon their educations early; pay back far more, after interest, than they took out; manage exceptionally exploitative loan terms; shoulder serious, chronic mental distress; delay important life decisions; and participate less in the economy than they otherwise would.

I don’t question the importance of higher education. But the detrimental effects of crushing debt shouldn’t be the shared experience of millions of young people and their families. Currently, about 40 million Americans owe $1.2 trillion in student loan debt, and it continues to grow. According to the Institute for College Access and Success, students who borrow graduate with an average debt of $29,000 for a bachelor’s degree...............

When I was 17 I was just starting to get the hang of school. My siblings and I had the privilege of expecting we would attend private colleges, which seemed reasonable—others in our family had done it, friends had done it, so we should be able to do it. My grades weren’t good enough for Connecticut’s Wesleyan University, so after getting rejected I quickly applied binding early decision to one of its conference rivals, Connecticut College, where my brother was a senior. I was very eager—and very fortunate—to get in. It was one of the most validating moments of 17-year-old Sam’s life.

Despite its cost, Conn sold my family on its purportedly outstanding financial aid. When I was a freshman in 2003, the comprehensive fee, including tuition, room and board, and other fees, was about $40,000 a year; it climbed to about $46,000 by 2007, my senior year. A decade later, the comprehensive annual fee at Connecticut College (and many private colleges) is more than $60,000 per year.

And about half the students pay full price. That must be because a bachelor’s degree from a private college is $80,000 more valuable than it was 10 years ago, right? No, that’s crap. These days, I can’t imagine any bachelor’s degree that is worth $240,000. But my parents couldn’t know tuition would rise so much, and my brother seemed to fare OK there—he got substantial grant funding that helped him leave with much less, and more manageable, federal debt....................
http://www.businessinsider.com/i-owe-200000-in-student-debt-but-i-had-no-idea-when-i-graduated-2016-1?IR=T

[Joshua01]

competition of the smartest = how much one is willing to pay for it? darwinism to death

-----------------------


I am the student loan crisis at its ugliest: I graduated and found out I have $200,000 in debt
1st February 2016

Every once in a while, when I’m feeling overwhelmed, I watch college commencement ceremonies on YouTube.

These rituals remind me how perverse our higher-education system is—and of the empty idealism that colleges and universities sell us:

We are here today, donning our ceremonial robes and caps, to recite the traditional vacuous platitudes and wish you well in paying off high-interest student loans for which we are in no way held accountable.

Let us now further romanticize our fair institution by singing the alma mater and conveniently forget that tuition has gone up 1,120 percent since 1978. Good luck out there, kids!

I’m a consumer of those vacuous platitudes and a victim of this system. After finishing my master’s degree in 2008, I found out—as in, I didn’t already know—that I had $200,000 in student debt.

Some well-paying professions might make this amount manageable, but for a bioethicist like me, it’s been crushing. Many things had to go wrong for this to happen—or right, if you’re a school or a lender. Although the hefty amount I owe is unusual, my experience is not: Motivated by an idealistic view of education and career and vulnerable to predatory, disingenuous, or at least negligent institutions, young people and their families too often take on large amounts of student debt.

No matter how much they owe, the consequences of that debt can be outsized. These young people may have to abandon their educations early; pay back far more, after interest, than they took out; manage exceptionally exploitative loan terms; shoulder serious, chronic mental distress; delay important life decisions; and participate less in the economy than they otherwise would.

I don’t question the importance of higher education. But the detrimental effects of crushing debt shouldn’t be the shared experience of millions of young people and their families. Currently, about 40 million Americans owe $1.2 trillion in student loan debt, and it continues to grow. According to the Institute for College Access and Success, students who borrow graduate with an average debt of $29,000 for a bachelor’s degree...............

When I was 17 I was just starting to get the hang of school. My siblings and I had the privilege of expecting we would attend private colleges, which seemed reasonable—others in our family had done it, friends had done it, so we should be able to do it. My grades weren’t good enough for Connecticut’s Wesleyan University, so after getting rejected I quickly applied binding early decision to one of its conference rivals, Connecticut College, where my brother was a senior. I was very eager—and very fortunate—to get in. It was one of the most validating moments of 17-year-old Sam’s life.

Despite its cost, Conn sold my family on its purportedly outstanding financial aid. When I was a freshman in 2003, the comprehensive fee, including tuition, room and board, and other fees, was about $40,000 a year; it climbed to about $46,000 by 2007, my senior year. A decade later, the comprehensive annual fee at Connecticut College (and many private colleges) is more than $60,000 per year.

And about half the students pay full price. That must be because a bachelor’s degree from a private college is $80,000 more valuable than it was 10 years ago, right? No, that’s crap. These days, I can’t imagine any bachelor’s degree that is worth $240,000. But my parents couldn’t know tuition would rise so much, and my brother seemed to fare OK there—he got substantial grant funding that helped him leave with much less, and more manageable, federal debt....................
http://www.businessinsider.com/i-owe-200000-in-student-debt-but-i-had-no-idea-when-i-graduated-2016-1?IR=T

This is really really sad!!!!

[palani]

That's nothing. I checked my PAYPAL account and discovered years ago I authorized them to pay up to $300,000 a month in EBAY seller fees. Of course I had done no such thing so the authorization was cancelled post haste.

[7th trump]

competition of the smartest = how much one is willing to pay for it? darwinism to death

-----------------------


I am the student loan crisis at its ugliest: I graduated and found out I have $200,000 in debt
1st February 2016

Every once in a while, when I’m feeling overwhelmed, I watch college commencement ceremonies on YouTube.

These rituals remind me how perverse our higher-education system is—and of the empty idealism that colleges and universities sell us:

We are here today, donning our ceremonial robes and caps, to recite the traditional vacuous platitudes and wish you well in paying off high-interest student loans for which we are in no way held accountable.

Let us now further romanticize our fair institution by singing the alma mater and conveniently forget that tuition has gone up 1,120 percent since 1978. Good luck out there, kids!

I’m a consumer of those vacuous platitudes and a victim of this system. After finishing my master’s degree in 2008, I found out—as in, I didn’t already know—that I had $200,000 in student debt.

Some well-paying professions might make this amount manageable, but for a bioethicist like me, it’s been crushing. Many things had to go wrong for this to happen—or right, if you’re a school or a lender. Although the hefty amount I owe is unusual, my experience is not: Motivated by an idealistic view of education and career and vulnerable to predatory, disingenuous, or at least negligent institutions, young people and their families too often take on large amounts of student debt.

No matter how much they owe, the consequences of that debt can be outsized. These young people may have to abandon their educations early; pay back far more, after interest, than they took out; manage exceptionally exploitative loan terms; shoulder serious, chronic mental distress; delay important life decisions; and participate less in the economy than they otherwise would.

I don’t question the importance of higher education. But the detrimental effects of crushing debt shouldn’t be the shared experience of millions of young people and their families. Currently, about 40 million Americans owe $1.2 trillion in student loan debt, and it continues to grow. According to the Institute for College Access and Success, students who borrow graduate with an average debt of $29,000 for a bachelor’s degree...............

When I was 17 I was just starting to get the hang of school. My siblings and I had the privilege of expecting we would attend private colleges, which seemed reasonable—others in our family had done it, friends had done it, so we should be able to do it. My grades weren’t good enough for Connecticut’s Wesleyan University, so after getting rejected I quickly applied binding early decision to one of its conference rivals, Connecticut College, where my brother was a senior. I was very eager—and very fortunate—to get in. It was one of the most validating moments of 17-year-old Sam’s life.

Despite its cost, Conn sold my family on its purportedly outstanding financial aid. When I was a freshman in 2003, the comprehensive fee, including tuition, room and board, and other fees, was about $40,000 a year; it climbed to about $46,000 by 2007, my senior year. A decade later, the comprehensive annual fee at Connecticut College (and many private colleges) is more than $60,000 per year.

And about half the students pay full price. That must be because a bachelor’s degree from a private college is $80,000 more valuable than it was 10 years ago, right? No, that’s crap. These days, I can’t imagine any bachelor’s degree that is worth $240,000. But my parents couldn’t know tuition would rise so much, and my brother seemed to fare OK there—he got substantial grant funding that helped him leave with much less, and more manageable, federal debt....................
http://www.businessinsider.com/i-owe-200000-in-student-debt-but-i-had-no-idea-when-i-graduated-2016-1?IR=T
All done by consent............boo hoo.........cry me a river!
Pay your consent bill and stop crying about it.
This is like the stupity of bitching about a speeding ticket......,.don't speed then dumb ass.

[Twisted Titan]

Some well-paying professions might make this amount manageable, but for a bioethicist like me




WTF is a bioethicist?

[madfranks]

Some well-paying professions might make this amount manageable, but for a bioethicist like me




WTF is a bioethicist?

It's a made up program to sell $200,000 in schooling to retards. There is no such thing in real life.

[7th trump]

It's a made up program to sell $200,000 in schooling to retards. There is no such thing in real life.

Yep.........cry me a river!
Too stupid realize its a medical field liberal arts program.
Suck it up buttercup......pay for your stupidity.

[Glass]

you dont thnk there is anything wrong with an education costing $200K. That is more than $300K in where I live and getting close to $400K.

An arts education should only cost about $30 - $35K tops. All of them should cost around that amount except maybe medicine becuase it takes 2 times longer.

Something very wrong with your world when this kind of pricing scam is going on. The main cause is being able to finance your education. This needs to stop. The institutions need to stop signing people up on loans. In the end they only care about the loans and signing people up, not delivering on the product peolple pay for.

[Neuro]

My chiropractic education was about £5,000/year (actually it was almost £6000, but EU payed £840/year in subsidy) so in total about £25,000, that is about $40,000, this was between 1995-2001, no regrets, but first 7-8 years after graduation was hard.

[Glass]

my education debt took 20 years to pay off. I got shafted several times during that period. In the end they hit me with a fake 80% increase in accessible income and I had to pay the last 25% off in one year.

The other element to it, was the deal was unlawful and could not be enforced but the court case for the only person to beat them in court was suppressed and I could not discover any thing about the argument. once you pay your done.

I guess I did get some stretch out of it but not really by choice. Just how things panned out. The big hit on top of 100% of income to tax one year was tough.

[palani]

The amount is irrelevant. You don't presently have the means (and likely are not old enough to ever have had the means) to pay off a $1 debt. Has something to do with a secret Geneva convention in the late 20's or early 30's in which all countries decided to abandon the gold standard and money changed definition.

Millionaires pretending to be billionaires use similar reasoning. Bill Gates might consider himself worth 80 billion dollars but if he is incapable of defining what one dollar is then how do you know what 80 billion of them look like?

You want to pay off your school debt? Easy. Endorse (sign) the back of the bill with a statement 'OK TO PAY' and return to sender. That is the only control you have over the entire commercial money scheme someone else invented for their own diabolical and nefarious reasons.

DISCLAIMER: Children and irrational adults should not try this. Governments may turn homicidal when presented with their past misdeeds.

[Glass]

No presentment ever made, however it is structed as a loan, so the presentment was probably made at the front end of the deal.

unfortunately it was included only as a line item in the tax assessment. It activates when an income number is reached.

[palani]

It activates when an income number is reached.

Choosing to engage in commercial activities come with a few inherent traps. Funny how that works.

[mick silver]

now get a part time job at four are five places and pay it off ohh that's right you want someone else to pay for it duh

[madfranks]

now get a part time job at four are five places and pay it off ohh that's right you want someone else to pay for it duh

That's why many, many young people love Bernie Sanders, he wants to forgive all college debt and make college free for everyone. A friend of mine got converted to a Bernie supporter, and I think this is why; he has a ton of student loan debt.

[Joshua01]

That's why many, many young people love Bernie Sanders, he wants to forgive all college debt and make college free for everyone. A friend of mine got converted to a Bernie supporter, and I think this is why; he has a ton of student loan debt.

But who pays for all that free stuff?

[Glass]

Choosing to engage in commercial activities come with a few inherent traps. Funny how that works.

More than a few traps. I. er my person, was also converted from being a, lets say "citizen" of the Commonwealth of Australia into a "citizen" of Australia. Two complerely different political societies.

It's only been these recent years that I have learned enough to realise what happened back then. But basically I had place at the school which was partially subsidized and I was receiving a student assistance - welfare type payments.

The "Govt" came along and said look, you can keep on the payments system OR we can give you all the payments in one lump sum. You have to get a Tax File Number (being rolled out at the time) and part of it you will need to take as a loan BUT we can also double the amount.

The loan was very little interest. Actually I'm not sure if any was applied to be honest. I don't remember the specifics but I don't believe the debt increased at all in the years after I finished.

So the Tax File Number application was how my person became part of the political society governed by the Parliament of Australia and removed me from the "abandoned sine die 1973" constitutional Parliament of the Commonwealth of Australia.

So yes Palani. many traps for young players.

[palani]

many traps for young players.

These are not fatal. They (presumptions) might be a pain to overcome but the task is not impossible. The biggest obstacle is to the mindset and reasoning required to come to a conclusion that such an action is necessary. Then too after overcoming presumptions the energy required to maintain the status can be daunting until you figure out that
1) everything is contract
2) contracts are dynamic and frequently change
3) just as you expect due process you really should be prepared to give it as well
4) your yea's are yea's and your nay's are nay's
5) a conditional offer that you make that is rejected is dishonor on the part of he who rejects it

[madfranks]

But who pays for all that free stuff?

The government pays for it. :rolleyes:

[Jewboo]

http://img.4plebs.org/boards/pol/image/1454/46/1454467258097.png

[Glass]

These are not fatal. They (presumptions) might be a pain to overcome but the task is not impossible. The biggest obstacle is to the mindset and reasoning required to come to a conclusion that such an action is necessary. Then too after overcoming presumptions the energy required to maintain the status can be daunting until you figure out that
1) everything is contract
2) contracts are dynamic and frequently change
3) just as you expect due process you really should be prepared to give it as well
4) your yea's are yea's and your nay's are nay's
5) a conditional offer that you make that is rejected is dishonor on the part of he who rejects it

yep, on top of all of that. At this time I'm not sure how it would pan out given the business arrangements I am part of.

A thing that I would really like to do is a private foundation, however it requires two "human like" entities to establish. Probably more correct to say "franchise like/Person like" entity. I enquired about whether a cat would be a suitable entity but I've been told no.

as far as I can tell there is only one entity available. It doesn't seem possible to use a nominee, but I am no expert on these things. Information on private foundations is extremely thin on the ground. Private foundation is different to say a Chartiable foundation as run by Gates and Co or the Clinton syndicate.

[Ponce]

And I know this stupid Cuban who only has a 10 grade education and who now sits back and sees those with a XYZ degree living with
their parents and with food stamps........ colleges only teach you what they know and not what you should know... so, what I think about this?.....simple......you can use what they teach you to fill the frame and use that to create yourself a better world by thinking.

And once again.....is not what you know but what you do with what you know.....

V

[cheka.]

op is pure b.s.fiction -- propaganda from nyc mindf-cking the idiots that have no gag reflex

not surprised the poster is pusher of nyc's humanist faux religion

[palani]

I'm not sure how it would pan out given the business arrangements I am part of.
It goes without saying that if you engage in commerce like-behavior you lack the ability to fade into the woodwork.


A thing that I would really like to do is a private foundation, however it requires two "human like" entities to establish. Probably more correct to say "franchise like/Person like" entity
You are responsible for things you create. Therefore with these type of things perhaps it is better to let someone 'commercial' create them for you and you step in after the deed is done to gain shares (like a stock certificate) of the enterprise.

Artificial entities make pretty good front men. As far as I can tell the biggest disadvantage of interfacing with society is called appearance. I appear all the time. Can't help myself. It is just too hard to be invisible. So when charges happen things that appear show up on the paperwork. Trusts and foundations are rarely charged unless they do something radically improper. They also require a seal to exist and any official acts are stamped with a seal. Without the seal there is no official act. Therefore on paper an authorization without a seal accompanying it is not proper.

[palani]

colleges only teach you what they know and not what you should know

V

People who can ... do.

People who can't ... teach.

A college degree serves a purpose. Mine kept me from an extended vacation at government expense in Vietnam.

[singular_me]

I never posted this OP because I am in agreement with it... BUT just showing the damage of the student loan SLAVE mentality. And you should interpret all the articles I post on here the same way, will post from ALL sides to show the delusion on all sides. Will not succumb the divide and rule mantra.

NOT humanist but endorsing FULL human sovereignty with NO rulers but fully decentralized system overseeing freedom rights. Of course when advocating for it, the power of empathy, live and let live, is its SPINE argument. Can you dig it?

I could bury your label of "humanist faux religion" in 5 seconds, keep that in mind. Because what I am advocating for is the Christ overall message. But people like you, tnx to mind control, regard it as BS. And many wonder why christ was (literally or figuratively) crucified. Because of that very mindset, the inability to fathom what freedom really entails. But I am an evil humanist. Right.

Good job NWO.

and neuro giving you a thank. ;D

additionally you really say whatever because I always have been against central banking and wrote many financial reports exposing it online

all conflicts translate the planned failure of 'live and let live. And arguing for it is still a valid/moral stance, regardless of the situation that is brought up. But this seems to escape you.






op is pure b.s.fiction -- propaganda from nyc mindf-cking the idiots that have no gag reflex

not surprised the poster is pusher of nyc's humanist faux religion