I feel pretty lucky here in Canada that our universities are partially subsidized. Between student loans, summer employment, and the odd part time job during the school year, I graduated with $27k in student loans. I could of been more prudent (ie less concerts). My biggest struggle was finding gainful employment after university. Took me about 1.5 years until I moved to get a job, then I knocked that fucker out in 3 years.
I can't imagine what it's like now, especially in the US with the huge costs. I think the biggest challenge here is living. If your parents don't live where you want to go to university it gets really expensive really quick.
I heard a great special on NPR one day about US colleges and why they are so expensive. They do get subsidized and that is why the price is driven up.
In Sweden the advice has always been to pay the least amount possible on the student loans because the interest is so low, and instead put the money into the stick market where you get more for your money.
In Sweden the advice has always been to pay the least amount possible on the student loans because the interest is so low, and instead put the money into the stick market where you get more for your money.
In Sweden the advice has always been to pay the least amount possible on the student loans because the interest is so low, and instead put the money into the stick market where you get more for your money.
Sweden is a very strange place.
Lol
Scio me nihil scire
There are no kings inside the gates of eden
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mickeyrat
up my ass, like Chadwick was up his Posts: 35,788
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
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mickeyrat
up my ass, like Chadwick was up his Posts: 35,788
We actually talked about trying to get that money and invest it. We would probably do better in the long run.
My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off. All those people should be hanged.
Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
We actually talked about trying to get that money and invest it. We would probably do better in the long run.
My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off. All those people should be hanged.
Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.
It is? shit. That sucks. Well at least she will hopefully get some knocked off and yes I was hoping it was a check cut to us. Oh well. We could have done better with it.
We actually talked about trying to get that money and invest it. We would probably do better in the long run.
My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off. All those people should be hanged.
Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.
It is? shit. That sucks. Well at least she will hopefully get some knocked off and yes I was hoping it was a check cut to us. Oh well. We could have done better with it.
In Sweden the advice has always been to pay the least amount possible on the student loans because the interest is so low, and instead put the money into the stick market where you get more for your money.
Govt loans. They made their money. We were looking at what she paid and she has literally paid off one of the loans in interest and has had $300 towards the principal...
I am not a supporter of this as it doesn't actually get at the root cause at all...and I think it is a weird giveaway of other people's $. I am hoping that it still has a positive effect since it's happening anyhow.
Re:Student loans....my wife and I have had a philosophy throughout our working years.....save heavily for retirement...as much as possible...and limited saving for our daughter's college. We do plan to pay for college still. Well, at a minimum pay whatever if would be to attend a good in-state college towards wherever she goes. But I've always said...no one is going to give me a loan for retirement...but they will for college if we need it.
I do wish we would make targeted trades/skills free. Not all community college, but many programs free (it feels like the right next step after high school to provide the current necessary skills)...not all trade/apprentice programs free, but many. And then even target some 4/5 year programs for free tuition to qualified (not financially, but academically and citizenship) students. Figure out what we will need 5 years out and help make sure their is a skilled labor force for that.
I am not a supporter of this as it doesn't actually get at the root cause at all...and I think it is a weird giveaway of other people's $. I am hoping that it still has a positive effect since it's happening anyhow.
Re:Student loans....my wife and I have had a philosophy throughout our working years.....save heavily for retirement...as much as possible...and limited saving for our daughter's college. We do plan to pay for college still. Well, at a minimum pay whatever if would be to attend a good in-state college towards wherever she goes. But I've always said...no one is going to give me a loan for retirement...but they will for college if we need it.
I do wish we would make targeted trades/skills free. Not all community college, but many programs free (it feels like the right next step after high school to provide the current necessary skills)...not all trade/apprentice programs free, but many. And then even target some 4/5 year programs for free tuition to qualified (not financially, but academically and citizenship) students. Figure out what we will need 5 years out and help make sure their is a skilled labor force for that.
If you plan to join a union then Trade schools are worthless. I can't tell you how many people went to them only to be told that their training wasn't any good. Even in the working world it doesn't pan out sometimes but private work it should do you some good.
We actually talked about trying to get that money and invest it. We would probably do better in the long run.
My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off. All those people should be hanged.
Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.
It is? shit. That sucks. Well at least she will hopefully get some knocked off and yes I was hoping it was a check cut to us. Oh well. We could have done better with it.
That would actually piss me off if that was allowed. Not at you, may as well take advantage of the money given. But the whole point is to reduce debt, not get free money to invest. If it did work like that, those who have student debt get free investments? That doesn't make any sense to me.
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brianlux
Moving through All Kinds of Terrain. Posts: 40,720
Sweden is a very strange place indeed. They are all about Rune Magick!
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
We actually talked about trying to get that money and invest it. We would probably do better in the long run.
My GF is one of those that had zero help from anyone, no guidance and was told by her guidance counselors to go to a good school and it will pay off. All those people should be hanged.
Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.
It is? shit. That sucks. Well at least she will hopefully get some knocked off and yes I was hoping it was a check cut to us. Oh well. We could have done better with it.
That would actually piss me off if that was allowed. Not at you, may as well take advantage of the money given. But the whole point is to reduce debt, not get free money to invest. If it did work like that, those who have student debt get free investments? That doesn't make any sense to me.
It's better they do it this way. Not many people would invest it would be my guess.
Amy Coney Barret denied a request from a Wisconsin group to halt the Student loan forgiveness. It must have good standing if a Trump appointee won't strike it down.
Comments
Here is an article about some of that.
https://www.npr.org/2018/12/13/672952507/does-more-federal-aid-raise-tuition-costs-not-for-most-students-research-says
Sweden is a very strange place.
There are no kings inside the gates of eden
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Get that money? Do I understand you to mean you think you're getting cut a check for this debt relief? That money is going straight to the lender.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
LOL
www.cluthelee.com
www.cluthe.com
Re:Student loans....my wife and I have had a philosophy throughout our working years.....save heavily for retirement...as much as possible...and limited saving for our daughter's college. We do plan to pay for college still. Well, at a minimum pay whatever if would be to attend a good in-state college towards wherever she goes. But I've always said...no one is going to give me a loan for retirement...but they will for college if we need it.
I do wish we would make targeted trades/skills free. Not all community college, but many programs free (it feels like the right next step after high school to provide the current necessary skills)...not all trade/apprentice programs free, but many. And then even target some 4/5 year programs for free tuition to qualified (not financially, but academically and citizenship) students. Figure out what we will need 5 years out and help make sure their is a skilled labor force for that.
There are no kings inside the gates of eden