Did you watch the "Hunger Games" review that came on after? LOL'd.
...so when does the student loan crisis hit?
- Thread starter BurlyShirley
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That is funny.Man Doesn’t Know How Parents Ever Going To Pay Off Massive Student Loan Debt
If only I were so lucky
The lady and I have talked about "if" based on the idea that the current house might someday float above water. I'm not sure I would be so quick to buy unless it was a unibomber shack in the woods. Not a 'burb, that's for sure.
Don't tell Adventure. 
I <3 my house.
I like my house, just hate my neighborhood. The neighborhoods I want to live in have less house and that would be nice.
so if owning a home isn't the american dream, does that mean the american dream is a lifetime of dealing with sh*tty landlords?
I <3 my neigborhood as well, I definitely lucked out when I bought it. Each plot is about 2 acres minimum, smallish neighborhood (I'd say 50-60 houses) surrounded by nothing but woods and ponds. Middle class neighborhood where everyone waves and says hi, but otherwise leaves you the fvck alone. Dream come true for an introvert like myself.
It has to all be local. Out here we've got a great house in a great location and a cheap mortgage to boot. Most 30-35 year olds that I know out here have already bought houses, including some in the past couple years. Housing is (relatively) cheap, and you can actually live close to places that you actually want to go, like work, downtown, etc.
The lady and I have talked about "if" based on the idea that the current house might someday float above water. I'm not sure I would be so quick to buy unless it was a unibomber shack in the woods. Not a 'burb, that's for sure.
Totally different story on Long Island, even a ~decade ago.
She bought at the wrong time when she was working out there. Now she is working 3 days a week in Portland (30 mile commute) and I work in Beaverton (40 mile commute each way) and I'm not sure the market will ever get that strong that far out. It's not a horrible area, but with the zombie house on one side (been empty 2 years while the owner is in prison for child rape) and my neighbor in foreclosure on the other side. He's almost $100k in the red on his place, she is more like $30k on hers. We aren't too far from the river and with the boat it's quite nice. There is also some amazing riding not too far in Stub Stewart. But there is almost nothing in town and Scappoose while not much better is 15 minutes closer to downtown.
If we got a good price for ours and we found an area we really liked, buying isn't out of the question. But we've also been looking at buying a place in Hood River to escape to and just rent modest digs in town. I'll be there for 5 days in a cabin (that is for sale, but not what we want) and to be honest, I'd rather put my energy into something I see myself being in later in life rather than paying a lot for something I will eventually give up.
<edit> If you look at current housing prices in Portland, they are insane.
Want...
http://portland.craigslist.org/mlt/reb/4536596166.html
If we got a good price for ours and we found an area we really liked, buying isn't out of the question. But we've also been looking at buying a place in Hood River to escape to and just rent modest digs in town. I'll be there for 5 days in a cabin (that is for sale, but not what we want) and to be honest, I'd rather put my energy into something I see myself being in later in life rather than paying a lot for something I will eventually give up.
<edit> If you look at current housing prices in Portland, they are insane.
Want...
http://portland.craigslist.org/mlt/reb/4536596166.html
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if there was only a high speed train between HR and PDX......
If there was... nobody would be able to afford to ride it.
no, they just wouldn't take it because its not a fixieIf there was... nobody would be able to afford to ride it.
ahh so glad I worked my way through school, yeah it took me 3x as long but no residual debt and a current credit score of 770. House we bought in livermore 2 years ago has increased in value by 120K
Only current debt is the mortgage, Cars are paid off so are the credit cards
only downside is that now I'm a cranky old fart
Only current debt is the mortgage, Cars are paid off so are the credit cards
only downside is that now I'm a cranky old fart
Hey @jimmydean, Good news!
Jesus god...
College girls are too old for him I'm pretty sure.
Sleep your way to the middle.
They can probably learn more from the sugar daddies than from the castrated classes nowadays.
My ex is a student.
And after the death of my alma mater comes the debt strike.
ITT Tech students announce debt strike after campus closures
ITT Tech students announce debt strike after campus closures
My ITT loans are bad, but mostly because my ex spent my GI Bill money.
Lolwut
Similar to my idea. Lots of colleges make BS claims about job placement and trick students into committing to their program, committing tens or hundreds of thousands of dollars. IMO, if students default, they should come after the school for the $$, because they shouldn't be accepting anyone that just ponys up a bunch of money, they should be held accountable for their programs. I bet real fast those schools would have solid entrance programs and standards that endure the people attending aren't wasting their time or money. Pisses me off that you have to make these decisions and commitments when you are 17 and don't know your ass from a hole in the ground.
Please see my signature.
What about my ex who took 6 years to get her AS degree (at about $50k or so) and is going on 4 additional years to get her BS degree. She has at least a year to go and plans to get her Masters so she can teach.
What does she want to teach? High school art. Because not only is that a YUGE growth industry, but the pay is amazing!!! She will start at $35k a year with summers off. She will only have about $150k in student loans, so the ROI on this venture is a given.
IMO this is a major issue with higher education, there isn't an ROI study done. My alma mater cost me $40k and went tits up (ITT, thanks for nothing). But my AS got me into where I am now and they did help place me in a couple gigs early on. Because my AS was bullsh!t, I had to go to University of Phoenix for my BS at a cost of about $50k moar. But at least my salary covers my $900/month student loan payment.
On Halloween, I was at a party with someone in the financial aid department at USC. She said the tuition alone is up to $81k per year. If you finance that, that's over $320k of debt to pay off. When I started off, I did community college for two years, then a $20k per year university, which was cheaper than USC but still in the same range at the time. I was able to get a job making more than my annual tuition per year, right out of school, and I paid off the debt immediately. I can't fathom where one would now get a just out of college job making more than the $81k annual tuition. Layer in a wedding, and trying to finance a house to start a family (median LA prices are well over $500k, which is exceptional). Welcome to modern slavery.What about my ex who took 6 years to get her AS degree (at about $50k or so) and is going on 4 additional years to get her BS degree. She has at least a year to go and plans to get her Masters so she can teach.
What does she want to teach? High school art. Because not only is that a YUGE growth industry, but the pay is amazing!!! She will start at $35k a year with summers off. She will only have about $150k in student loans, so the ROI on this venture is a given.
IMO this is a major issue with higher education, there isn't an ROI study done. My alma mater cost me $40k and went tits up (ITT, thanks for nothing). But my AS got me into where I am now and they did help place me in a couple gigs early on. Because my AS was bullsh!t, I had to go to University of Phoenix for my BS at a cost of about $50k moar. But at least my salary covers my $900/month student loan payment.
Her only hope is PSLF.What about my ex who took 6 years to get her AS degree (at about $50k or so) and is going on 4 additional years to get her BS degree. She has at least a year to go and plans to get her Masters so she can teach.
What does she want to teach? High school art. Because not only is that a YUGE growth industry, but the pay is amazing!!! She will start at $35k a year with summers off. She will only have about $150k in student loans, so the ROI on this venture is a given.
IMO this is a major issue with higher education, there isn't an ROI study done. My alma mater cost me $40k and went tits up (ITT, thanks for nothing). But my AS got me into where I am now and they did help place me in a couple gigs early on. Because my AS was bullsh!t, I had to go to University of Phoenix for my BS at a cost of about $50k moar. But at least my salary covers my $900/month student loan payment.
As long as you're coming out of here... no problem: https://www.mines.edu/
She will have to finish school before they try to collect. Then she has at least 10 years of forbearance, so she'll be 65-70 when she starts to repay, if ever.
I'm unfamiliar.
Colorado School of Mines is one of the preeminent geo/chem/petro-engineering schools in the nation. I'm currently brainwashing my children to prefer it.
Plus you can save on room and board by having them live at home… forever.Colorado School of Mines is one of the preeminent geo/chem/petro-engineering schools in the nation. I'm currently brainwashing my children to prefer it.
I'm budgeting for my kids to go to
Errrr... fuck no. I'm going to enforce it by moving into a smaller house immediately upon departure of 2nd kid.
Has there ever been an attempt in the US to implement something akin to the dual education system for vocational training that is commonplace in Europe and particularly in Germany? I know each country has it's peculiarities, but to my snooty Euro-Commie mind, this seems like such a no brainer if you want to equip young people with relevant skills and connect them to employers. I'm sure the for-profit education industry would love it.
The way it works over here is that students spent half of their week as an apprentice in a company and the other half in a state owned vocational school and even receive a small wage. It's not a cheap system, but it integrates people into the work force early on and is a great way for companies to recruit workers that have just the skill set they need and that they have been able to evaluate for several years.
Quite a few former vocational students go on to universities later on and i much prefer hiring people that have been exposed to a working environment early on instead of heading straight to college.
The way it works over here is that students spent half of their week as an apprentice in a company and the other half in a state owned vocational school and even receive a small wage. It's not a cheap system, but it integrates people into the work force early on and is a great way for companies to recruit workers that have just the skill set they need and that they have been able to evaluate for several years.
Quite a few former vocational students go on to universities later on and i much prefer hiring people that have been exposed to a working environment early on instead of heading straight to college.
Yah see... 'round here, all our kids are smart and special and gonna go to university. Which has exacerbated this whole student-loan shit. Most of the kids not cut out for college don't find out until they are in their 3rd year, still 4 years from graduation, and $100K in debt.
Parents are doing a lot of kids a disservice by not encouraging more of them to try vocational programs (they are here).